New Flex Space with Heavy
For Sale
Contact for pricing
23169 Giacoma Ct, Clinton Township, MI 48036
Modern industrial workspace combines office and shop areas with crane-ready infrastructure and adaptable loading capacity.
Property Size10,906 SF
Lot Size0.69 Acres
Price / SF$197.14
Days on Market74
Property Features for 23169 Giacoma Ct
General Information
Standard status
Active
Size
10,906 SF
Total Parking Spaces
30
Lot size
0.69 Acres
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Additional Details
Heavy Power
Yes
Building Details
Year Built
2024
Year Renovated
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Thomas Duke Company
(248) 479-0130
Listed By:
Jordan Schafer · License #MI
Source:
Crexi
Added: Jun 19
Changed: Aug 29
Last Checked: Aug 29 at 2:58PM
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 Thomas Duke Company
Investment Insights
Based on property information with market context.
Completed in 2024, this 10,906-square-foot flex facility occupies a 0.69-acre parcel zoned I-1. The building combines office and shop areas with modern construction, substantial electrical capacity, generous clear height, and infrastructure prepared for crane installation. Its configuration can support manufacturing, fabrication, warehousing, and related industrial operations.
Loading features, ample on-site parking, and room for additional office space contribute to the property's functional layout. The facility is located in Clinton Township at 23169 Giacoma Ct and is available for immediate occupancy.
Loading features, ample on-site parking, and room for additional office space contribute to the property's functional layout. The facility is located in Clinton Township at 23169 Giacoma Ct and is available for immediate occupancy.
Key Highlights
- 10,906 SF industrial building completed in 2024
- 0.69‑acre parcel with I‑1 zoning
- Heavy power and crane‑ready infrastructure
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
$123,868
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
5.76%
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%
$2,477,360
$2.5M
Cap Rate 7%
$1,769,543
$1.8M
Cap Rate 9%
$1,376,311
$1.4M
Market Conditions
NOI Build-Up for 10,906 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
$215.9K $19.80/SF
− Vacancy
−$25.4K −$2.33/SF
EGI
$190.6K $17.47/SF
− OpEx
−$66.7K −$6.12/SF
NOI
$123.9K $11.36/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,477,360
Cap Rate 7%
$1,769,543
Cap Rate 9%
$1,376,311
Alternative Uses
Best Use
Flex RnD
$1.77M
$1.55M – $2.06M
NOI $123,868 @ 7.0% cap · market cap 5.76%
Second Best
Warehouse
$1.02M
$892.6K – $1.19M
NOI $71,408 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,924 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- La Mia Restaurant — 43998 N Gratiot Ave, Clinton Twp, MI 48036
Frequently Asked Questions
What type of property is this?
Flex space - Modern industrial workspace combines office and shop areas with crane-ready infrastructure and adaptable loading capacity.
Where is this flex space located?
The property is located at 23169 Giacoma Ct Clinton Township, MI.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 10,906 SF industrial building completed in 2024; 0.69‑acre parcel with I‑1 zoning; Heavy power and crane‑ready infrastructure
