Fenced Warehouse
For Sale
Contact for pricing
23170 Schoenherr Rd, Warren, MI 48089
Two industrial buildings with drive-through access, gated fencing, and potential for outside storage.
Property Size6,728 SF
Lot Size1.23 Acres
Price / SF$0.00
Days on Market47
Property Features for 23170 Schoenherr Rd
General Information
Standard status
Active
Size
6,728 SF
Lot size
1.23 Acres
Property subtype
Industrial
Lease Term
MG
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Clear Span
Yes
Building Details
Building Size
6,728 SF
Year Built
1960
Buildings
2
Properties For Sale
at 23170 Schoenherr Rd
23170 Schoenherr
Size
6,728 SF
Term
Negotiable
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Jason Capitani, SIOR, CCIM · License #MI 6502137804
(586) 212-5270
Source:
Corfac
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 1 at 4:33AM
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 L. Mason Capitani, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two industrial buildings totaling 6,728 square feet on 1.23 acres. Improvements include a clear-span warehouse, on-site storage sheds, drive-through capability, and a fenced, gated site. The configuration supports operations requiring enclosed warehouse space along with outdoor storage areas.
Located on Schoenherr Rd in Warren, the property is in close proximity to I-696. The site was built in 1960 and combines multiple industrial structures with secured access and usable yard area.
Located on Schoenherr Rd in Warren, the property is in close proximity to I-696. The site was built in 1960 and combines multiple industrial structures with secured access and usable yard area.
Key Highlights
- Two industrial buildings totaling 6,728 square feet
- 1.23‑acre industrial site
- Clear‑span warehouse with drive‑through capability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,970
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,400
$839.4K
Cap Rate 7%
$599,571
$599.6K
Cap Rate 9%
$466,333
$466.3K
Market Conditions
NOI Build-Up for 6,728 SF
Gross rent
$51.7K $7.68/SF
− Vacancy
−$2.3K −$0.34/SF
EGI
$49.4K $7.34/SF
− OpEx
−$7.4K −$1.10/SF
NOI
$42.0K $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%
$839,400
Cap Rate 7%
$599,571
Cap Rate 9%
$466,333
Alternative Uses
Best Use
Warehouse
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 294,526.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,896 @ 7.0% cap · market cap 729,094.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Balanced
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
Similar Off Market Nearby
- J & Sons Moving LLC — 22523 Sharrow Ave, Warren, MI 48089
- LPBIN LP Storage Cabinet — 13446 E 9 Mile Rd, Warren, MI 48089
- Self-Storage at U-Haul — 24100 Groesbeck Hwy, Warren, MI 48089
- Iron Mountain — 24300 Wahl St, Warren, MI 48089
- Public Storage — 24455 Schoenherr Rd, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings with drive-through access, gated fencing, and potential for outside storage.
Where is this warehouse located?
The property is located at 23170 Schoenherr Rd Warren, MI.
What are key features of this property?
This property features: Two industrial buildings totaling 6,728 square feet; 1.23‑acre industrial site; Clear‑span warehouse with drive‑through capability
