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 Market201
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
Listed By:
Joseph G. Pellerito
(248) 417-8246
Source:
Commercialcafe
Added: Apr 2
Changed: Oct 15
Last Checked: Oct 16 at 6:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$62,490
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
