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    Industrial Warehouse For Sale Title is generated by Realmo AI

    15700 Winans Street, West Olive, MI 49460

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    Industrial warehouse property offered for sale, suited for buyers seeking flexible warehouse space.

    Type:Industrial
    Property size:
    13,264 SF
    Price / SF:
    $320/SF
    Added:
    Jun 1, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 3:37 am

    Property Features for 15700 Winans Street

    General Information

    Standard status
    Active
    Size
    13,264 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Carson Jeremiah

    Listing agent Carson Jeremiah License #FL SL3466868

    Listing office B+E

    Listing date Jun 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of B+E

    HighLights

    • Industrial warehouse property offered for sale
    • Year built: 2026

    Overview

    The property is an industrial warehouse offered for sale. It is presented as commercial real estate under the warehouse and industrial property categories, with a total property size of 13,264.

    The warehouse is located at 15700 Winans Street in West Olive, Michigan (49460). The listing information provided does not include details on building specifications beyond the overall size, or specifics regarding access, frontage, or surrounding businesses.

    For prospective buyers, this offering provides a straightforward opportunity to acquire warehouse space through a for-sale industrial listing. Interested parties should review the full property materials to confirm building and site details relevant to their intended use, such as interior configuration and loading or tenant operational needs.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $286.5k $21.60
    − Vacancy −$23.8k −$1.79
    EGI $262.7k $19.81
    − OpEx −$39.4k −$2.97
    NOI $223.3k $16.84
    13,264 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.19M
    $2.79M – $3.72M (±1% cap)
    NOI $223,314 @ 7.0% cap · market cap 5.25%
    Second Best
    Industrial
    $2.80M
    $2.45M – $3.26M (±1% cap)
    NOI $195,738 @ 7.0% cap · market cap 4.61%
    Theoretical Best
    Multifamily LT 5
    $164.94M
    $144.32M – $192.43M (±1% cap)
    NOI $11,545,901 @ 7.0% cap · market cap 271.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Mattson Landscaping Landscaping

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Food Market Discount Store Garden Center Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Olive
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.174494
    Latitude
    42.963907

    Nearby Similar for Sale

    • $1,799,900
      54,000 SF

      West Olive Farmland and Facility

      20-acre property with packing facility and blueberry field.
      11871 144th Avenue, West Olive, MI 49460
      View Details
    • $4,250,000
      13,264 SF

      Warehouse with Drive-In Doors and IOS

      New 2026 build-to-suit industrial property with drive-in access, showroom/office space, and outdoor storage under IOS-permitting zoning.
      15700 Winans St, West Olive, MI 49460
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse property offered for sale, suited for buyers seeking flexible warehouse space.
    Where is this warehouse located?
    The property is located at 15700 Winans Street West Olive, MI.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Industrial warehouse property offered for sale; Year built: 2026
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carson Jeremiah
    Real Estate License ID: FL SL3466868
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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