Light Industrial Warehouse with
21810 Schmeman Ave Warren, MI 48089
21810 Schmeman Ave, Warren, MI, 48089
$996,000
For Sale
$996,000
Light industrial facility on a paved, secured lot with radiant-heated warehouse space, cranes, and grade-level loading doors.
Property Size11,500 SF
Lot Size0.69 Acres
Price / SF$86.61
Days on Market86
Property Features for 21810 Schmeman Ave
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Lot size
- 0.69 Acres
- Property subtype
- Industrial
Listing agency
Colliers
(248) 226-1628
Listed by
Joe Royer · License #MI 6501383311
(248) 226-1628
Source
Cpix.resimplifi
Added: Apr 28 Updated: Jul 21 at 11:10PM Checked: Jul 21 at 11:10PM
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 Colliers
Investment Insights
Based on property information with market context.
This light industrial warehouse with office space offers approximately 11,500 SF total, including about 1,200 SF of office. The secured, paved 0.69-acre lot supports 12 parking spaces and direct access for loading and operations. Warehouse clear height ranges from 16 to 22 feet, and the building is equipped with radiant heat. Material handling includes one 10-ton crane and two 3-ton cranes.
The facility features two grade level doors, including a 16’ x 14’ door at the front and a 14’ x 14’ door at the rear. Power is listed as 400A / 240V / 3P, to be verified by the purchaser.
Zoned MI Light Industrial, the property is noted as approximately 3 miles from the FCA Warren Stamping Plan.
The facility features two grade level doors, including a 16’ x 14’ door at the front and a 14’ x 14’ door at the rear. Power is listed as 400A / 240V / 3P, to be verified by the purchaser.
Zoned MI Light Industrial, the property is noted as approximately 3 miles from the FCA Warren Stamping Plan.
Key Highlights
- 11,500 SF light industrial facility with approximately 1,200 SF office space
- 0.69‑acre paved, secured lot
- 16' to 22' clear height in warehouse with radiant heat
Local Financial Insights For Warehouse
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 | $88.3k | $7.68 |
| − Vacancy | −$3.9k | −$0.34 |
| EGI | $84.4k | $7.34 |
| − OpEx | −$12.7k | −$1.10 |
| NOI | $71.7k | $6.24 |
11,500 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,728 @ 7.0% cap · market cap 12.42%
Second Best
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,045 @ 7.0% cap · market cap 11.85%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,586 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ERSI Inc Water ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Flex space - Light industrial facility on a paved, secured lot with radiant-heated warehouse space, cranes, and grade-level loading doors.
Where is this flex space located?
The property is located at 21810 Schmeman Ave Warren, MI.
What is the asking price?
The asking price for this property is $996,000.
What are key features of this property?
This property features: 11,500 SF light industrial facility with approximately 1,200 SF office space; 0.69‑acre paved, secured lot; 16' to 22' clear height in warehouse with radiant heat
