Warren Avenue Warehouse
24134 W Warren Street Dearborn Heights, MI 48127
For Sale
Contact for pricing
Pending
8,700 sqft warehouse with flexible zoning and large parking.
Property Size8,691 SF
Days on Market129
Property Features for 24134 W Warren Street
General Information
Standard status
Pending
Size
8,691 SF
Property subtype
Industrial
Building Details
Year Built
1955
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 203-8215
Listed By:
Dave Abdallah · License #MI
Source:
Crexi
Added: Mar 21
Changed: Jul 6
Last Checked: Jul 25 at 5:59AM
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 CENTURY 21 Curran & Oberski Dearborn Heights
Investment Insights
Based on property information with market context.
This property features an 8,700 sqft warehouse building located on Warren Avenue, near the Gulley area. The property consists of two buildings opened to each other. The first building is two stories and includes a large restaurant-like sink and washing area, with overhead doors on both the first and second floors. The second building features side-by-side overhead doors and 25 ft ceilings. The second building could potentially be split into two separate units, offering the possibility of three total units, subject to city approval. A large parking lot is available. The zoning is flexible, allowing for many possible uses, subject to city regulations. The property is situated between Telegraph and Beech Daly. All data is approximate.
Key Highlights
- 8,700 sqft warehouse building(s) in the Gulley area.
- Flexible zoning with many possible uses (verify with city).
- Building 2 features impressive 25 ft ceilings and convenient side‑by‑side overhead doors.
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 | $66.7k | $7.68 |
| − Vacancy | −$2.5k | −$0.28 |
| EGI | $64.3k | $7.40 |
| − OpEx | −$9.6k | −$1.11 |
| NOI | $54.6k | $6.29 |
8,691 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$780.5K
$683.0K – $910.6K
NOI $54,636 @ 7.0% cap · market cap 3.65%
Second Best
Industrial
$642.8K
$562.4K – $749.9K
NOI $44,994 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,635 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- iStorage — 24579 Ann Arbor Trail, Dearborn Heights, MI 48127
Frequently Asked Questions
What type of property is this?
Warehouse - 8,700 sqft warehouse with flexible zoning and large parking.
Where is this warehouse located?
The property is located at 24134 W Warren Street Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8,700 sqft warehouse building(s) in the Gulley area.; Flexible zoning with many possible uses (verify with city).; **Building 2 features impressive 25 ft ceilings and convenient side‑by‑side overhead doors.**
