Light Industrial Warehouse with
For Sale
$996,000
21810 Schmeman Ave, Warren, MI 48089
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 Market176
Property Features for 21810 Schmeman Ave
General Information
Standard status
Active
Size
11,500 SF
Total Parking Spaces
12
Lot size
0.69 Acres
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
2
Heavy Power
Yes
Building Details
Building Size
11,500 SF
Listing Agency:
Colliers
Listed By:
Joe Royer
(248) 226-1628
Source:
Cpix.resimplifi
Added: Apr 28
Changed: Oct 1
Last Checked: Oct 20 at 5:22PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,739
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,780
$1.4M
Cap Rate 7%
$1,024,843
$1.0M
Cap Rate 9%
$797,100
$797.1K
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$88.3K $7.68/SF
− Vacancy
−$3.9K −$0.34/SF
EGI
$84.4K $7.34/SF
− OpEx
−$12.7K −$1.10/SF
NOI
$71.7K $6.24/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,780
Cap Rate 7%
$1,024,843
Cap Rate 9%
$797,100
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,045 @ 7.0% cap · market cap 11.85%
Second Best
Warehouse
$1.02M
$896.7K – $1.20M
NOI $71,739 @ 7.0% cap · market cap 7.20%
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 authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
