Manufacturing Facility with Overhead
For Sale
Contact for pricing
23330 Pinewood St, Warren, MI 48091
Manufacturing facility featuring a 15-ton crane with 15' underhook and six exterior truck docks.
Property Size55,321 SF
Price / SF$71.40
Days on Market124
Property Features for 23330 Pinewood St
General Information
Standard status
Active
Size
55,321 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
6
Heavy Power
Yes
Listing Agency:
Newmark Knight Frank Detroit
(248) 357-6599
Listed By:
Mike Davidson
(248) 357-6599
Source:
Moodyscre
Added: Apr 8
Changed: Jul 28
Last Checked: Aug 8 at 4:11AM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
This manufacturing facility includes heavy power service and a 15-ton crane with 15' underhook. Improvements also feature buss duct & airlines, and the property is served by six exterior truck docks. A fenced yard provides controlled exterior space for operations.
The facility is located approximately 1.5 miles from the I-696 and Mound Road interchange.
The existing configuration supports manufacturing workflows with overhead lifting capability and exterior loading through multiple dock doors, supported by the fenced yard for staged access.
The facility is located approximately 1.5 miles from the I-696 and Mound Road interchange.
The existing configuration supports manufacturing workflows with overhead lifting capability and exterior loading through multiple dock doors, supported by the fenced yard for staged access.
Key Highlights
- Manufacturing facility with a 15‑ton crane and 15' underhook
- 6 exterior truck docks (truck documents)
- Heavy power with bus duct & airlines
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
$284,201
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
7.19%
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%
$5,684,020
$5.7M
Cap Rate 7%
$4,060,014
$4.1M
Cap Rate 9%
$3,157,789
$3.2M
Market Conditions
NOI Build-Up for 55,321 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
$424.9K $7.68/SF
− Vacancy
−$18.9K −$0.34/SF
EGI
$406.0K $7.34/SF
− OpEx
−$121.8K −$2.20/SF
NOI
$284.2K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
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%
$5,684,020
Cap Rate 7%
$4,060,014
Cap Rate 9%
$3,157,789
Alternative Uses
Best Use
Industrial
$4.06M
$3.55M – $4.74M
NOI $284,201 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.20M
$10.68M – $14.24M
NOI $854,282 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Dock-high doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 48091, MI
32,267
Population
12,919
Households
2.5
Avg Household Size
37
Median Age
17%
College-Educated
82%
High-School Grad
7.9 sq mi
ZIP Area
4,084
Density / Sq Mi
$53,400
Median Household Income
$31,877
Median Earnings
$1,231
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility featuring a 15-ton crane with 15' underhook and six exterior truck docks.
Where is this manufacturing property located?
The property is located at 23330 Pinewood St Warren, MI.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Manufacturing facility with a 15‑ton crane and 15' underhook; 6 exterior truck docks (truck documents); Heavy power with bus duct & airlines
