High-Visibility Industrial
For Sale
$750,000
21550-21564 Groesbeck, Warren, MI 48089
High-visibility industrial property with great freeway accessibility, offered for sale with seller consideration for leasing back.
Property Size12,164 SF
Days on Market143
Property Features for 21550-21564 Groesbeck
General Information
Standard status
Active
Size
12,164 SF
Property subtype
Industrial - Manufacturing
Additional Details
Highway Access
Yes
Building Details
Building Size
12,164 SF
Listing Agency:
Burger & Company
(248) 417-8246
Listed By:
Joseph G. Pellerito
Source:
Commercialcafe
Added: Apr 2
Changed: Aug 19
Last Checked: Aug 18 at 7:58AM
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 Burger & Company
Investment Insights
Based on property information with market context.
This high-visibility industrial property is offered for sale and includes addresses spanning 21550 through 21564 Groesbeck in Warren, MI. The seller has indicated they would consider leasing back the property.
The property is positioned for strong freeway accessibility, supporting convenient transport and customer access for industrial users. Public remarks note high visibility as an additional commercial attribute.
For sale terms and specific unit configuration details are not provided in the available information.
The property is positioned for strong freeway accessibility, supporting convenient transport and customer access for industrial users. Public remarks note high visibility as an additional commercial attribute.
For sale terms and specific unit configuration details are not provided in the available information.
Key Highlights
- High‑visibility industrial property
- Freeway‑accessible location
- Seller would consider leasing back the property after sale at 21550 Groesbeck
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
$62,490
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
8.33%
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%
$1,249,800
$1.2M
Cap Rate 7%
$892,714
$892.7K
Cap Rate 9%
$694,333
$694.3K
Market Conditions
NOI Build-Up for 12,164 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
$93.4K $7.68/SF
− Vacancy
−$4.1K −$0.34/SF
EGI
$89.3K $7.34/SF
− OpEx
−$26.8K −$2.20/SF
NOI
$62.5K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
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%
$1,249,800
Cap Rate 7%
$892,714
Cap Rate 9%
$694,333
Alternative Uses
Best Use
Industrial
$892.7K
$781.1K – $1.04M
NOI $62,490 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,840 @ 7.0% cap · market cap 25.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - High-visibility industrial property with great freeway accessibility, offered for sale with seller consideration for leasing back.
Where is this manufacturing property located?
The property is located at 21550-21564 Groesbeck Warren, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑visibility industrial property; Freeway‑accessible location; Seller would consider leasing back the property after sale at 21550 Groesbeck
