Clinton Township Warehouse For
For Sale
Contact for pricing
21338 Carlo Drive, Clinton Township, MI 48038
24,276 sqft warehouse available for purchase in Clinton Township.
Property Size24,276 SF
Price / SF$0.00
Days on Market215
Property Features for 21338 Carlo Drive
General Information
Standard status
Active
Size
24,276 SF
Property subtype
Industrial
Listing Agency:
CBRE - Detroit
Listed By:
Lauren Scarpace · License #6502409106
(248) 351-2060
Source:
Cbre
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 24 at 4:20PM
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
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a 24,276 square foot warehouse property available for sale. The property is located in Clinton Township, Michigan.
Key Highlights
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,899
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,617,980
$2.6M
Cap Rate 7%
$1,869,986
$1.9M
Cap Rate 9%
$1,454,433
$1.5M
Market Conditions
NOI Build-Up for 24,276 SF
Gross rent
$198.1K $8.16/SF
− Vacancy
−$11.1K −$0.46/SF
EGI
$187.0K $7.70/SF
− OpEx
−$56.1K −$2.31/SF
NOI
$130.9K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,617,980
Cap Rate 7%
$1,869,986
Cap Rate 9%
$1,454,433
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $158,949 @ 7.0% cap · market cap 1,999,358.49%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,899 @ 7.0% cap · market cap 1,646,528.30%
Theoretical Best
Specialty Retail
$4.54M
$3.98M – $5.30M
NOI $318,140 @ 7.0% cap · market cap 4,001,761.01%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48038, MI
44,038
Population
21,395
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
4,040
Density / Sq Mi
$78,684
Median Household Income
$44,811
Median Earnings
$1,255
Median Rent
$246,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- iStorage — 20772 Hall Rd, Clinton Twp, MI 48038
- 1-800-Self-Storage.com — 20900 Hall Rd, Clinton Twp, MI 48038
Frequently Asked Questions
What type of property is this?
Warehouse - 24,276 sqft warehouse available for purchase in Clinton Township.
Where is this warehouse located?
The property is located at 21338 Carlo Drive Clinton Township, MI.
What are key features of this property?
This property features: Built in 1989
