Industrial Warehouse with Office
For Sale
Contact for pricing
16945 Masonic, Fraser, MI 48026
Recently improved facility combines substantial warehouse capacity with dedicated office space.
Property Size14,250 SF
Price / SF$92
Days on Market15
Property Features for 16945 Masonic
General Information
Standard status
Active
Size
14,250 SF
Total Parking Spaces
35
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
13,250 SF
Office Build-Out
1,000 SF
Power
1,200 amps
Voltage
240 V
Listing Agency:
CBRE - Detroit
Listed By:
Jack Stanley · License #6501460183
Source:
Crexi
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 10 at 7:34AM
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 CBRE - Detroit
Investment Insights
Based on property information with market context.
This 14,250-square-foot warehouse property includes approximately 13,250 SF of industrial area and 1,000 SF of office space. The building offers 16-foot clear heights, four overhead doors, and 1,200-amp, 120/240V power, with the power specification identified as TBV. Recent property work includes a newer roof, parking lot improvements, and LED motion-sensor lighting.
The facility is located at 16945 Masonic Blvd in Fraser, Michigan, providing a street-facing industrial setting with convenient access. Its warehouse and office configuration supports a range of operational layouts without relying on a single-use design.
The facility is located at 16945 Masonic Blvd in Fraser, Michigan, providing a street-facing industrial setting with convenient access. Its warehouse and office configuration supports a range of operational layouts without relying on a single-use design.
Key Highlights
- 14,250‑square‑foot industrial building with approximately 13,250 SF of warehouse and 1,000 SF of office space
- 16‑foot clear heights accommodate industrial storage and operations
- Four overhead doors provide building access for loading and material movement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,866,060
$1.9M
Cap Rate 7%
$1,332,900
$1.3M
Cap Rate 9%
$1,036,700
$1.0M
Market Conditions
NOI Build-Up for 14,250 SF
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.
Gross rent
$116.3K $8.16/SF
− Vacancy
−$6.5K −$0.46/SF
EGI
$109.8K $7.70/SF
− OpEx
−$16.5K −$1.16/SF
NOI
$93.3K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,866,060
Cap Rate 7%
$1,332,900
Cap Rate 9%
$1,036,700
Alternative Uses
Best Use
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,848 @ 7.0% cap · market cap 12.35%
Second Best
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,303 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$2.67M
$2.33M – $3.11M
NOI $186,748 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48026, MI
14,726
Population
6,778
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,592
Density / Sq Mi
$61,118
Median Household Income
$40,198
Median Earnings
$827
Median Rent
$193,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Quick Fast Moving LLC — 17630 Sewel Ave, Fraser, MI 48026
- Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
- Added Room Self Storage — 31400 Kendall, Fraser, MI 48026
- Patriot Moving Systems LLC — 31400 Kendall, Fraser, MI 48026
- Public Storage — 32775 Groesbeck Hwy, Fraser, MI 48026
Frequently Asked Questions
What type of property is this?
Warehouse - Recently improved facility combines substantial warehouse capacity with dedicated office space.
Where is this warehouse located?
The property is located at 16945 Masonic Fraser, MI.
What is the asking price?
The asking price for this property is $1,311,000.
What are key features of this property?
This property features: 14,250‑square‑foot industrial building with approximately 13,250 SF of warehouse and 1,000 SF of office space; 16‑foot clear heights accommodate industrial storage and operations; Four overhead doors provide building access for loading and material movement
