Duplex with Contractor Overhead
21550 Groesbeck Hwy Warren, MI 48089
21550 Groesbeck Hwy, Warren, MI, 48089
$750,000
For Sale
$750,000
Duplex includes two apartment units above and four overhead doors on a gated, fenced lot with freeway access.
Property Size12,164 SF
Price / SF$61.66
Days on Market153
Property Features for 21550 Groesbeck Hwy
General Information
- Standard status
- Active
- Size
- 12,164 SF
- Property subtype
- Industrial
Listing agency
Burger & Company
(248) 417-8246
Listed by
Joseph G Pellerito
(248) 417-8246
Source
Cpix.resimplifi
Added: Feb 20 Updated: Jul 22 at 7:09AM Checked: Jul 22 at 7:09AM
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
Investment Insights
Based on property information with market context.
This duplex offers a mixed layout with two residential apartment units located above the main use area. The property includes two addresses: 21550 Groesbeck Hwy with approximately 6,000 square feet and 21564 Groesbeck Hwy with approximately 6,164 square feet. The seller would consider leasing back 21550 Groesbeck Hwy. Ideal for a contractor or owner-user looking to combine residential income with flexible operational space.
The site is described as high visibility, with a gated, fenced lot and freeway accessibility. There are four overhead doors on the property: two doors sized 9’x10’, one door sized 10’x12’, and one door sized 16’x9’. The configuration supports practical loading and service access for a variety of day-to-day uses.
With residential units above and overhead door access below, this property is set up to accommodate both income-producing living space and hands-on operational needs in a single offering.
The site is described as high visibility, with a gated, fenced lot and freeway accessibility. There are four overhead doors on the property: two doors sized 9’x10’, one door sized 10’x12’, and one door sized 16’x9’. The configuration supports practical loading and service access for a variety of day-to-day uses.
With residential units above and overhead door access below, this property is set up to accommodate both income-producing living space and hands-on operational needs in a single offering.
Key Highlights
- Duplex with two residential apartment units above
- Approximately 6,000 SF (21550 Groesbeck) and 6,164 SF (21564 Groesbeck)
- Gated, fenced lot with freeway accessibility
Local Financial Insights For Industrial
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 | $93.4k | $7.68 |
| − Vacancy | −$4.1k | −$0.34 |
| EGI | $89.3k | $7.34 |
| − OpEx | −$26.8k | −$2.20 |
| NOI | $62.5k | $5.14 |
12,164 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.78M
$1.56M – $2.08M
NOI $124,861 @ 7.0% cap · market cap 16.65%
Second Best
Multifamily LT 5
$1.71M
$1.49M – $1.99M
NOI $119,420 @ 7.0% cap · market cap 15.92%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Iron Capital of America
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex includes two apartment units above and four overhead doors on a gated, fenced lot with freeway access.
Where is this duplex located?
The property is located at 21550 Groesbeck Hwy 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: Duplex with two residential apartment units above; Approximately 6,000 SF (21550 Groesbeck) and 6,164 SF (21564 Groesbeck); Gated, fenced lot with freeway accessibility
