Small Manufacturing Building with
For Sale
Contact for pricing
24296 Gibson Dr, Warren, MI 48089
Manufacturing facility on a gated, secure lot with two cranes and grade-level loading doors.
Property Size10,260 SF
Price / SF$75.54
Days on Market192
Property Features for 24296 Gibson Dr
General Information
Standard status
Active
Size
10,260 SF
Property subtype
Industrial
Listing Agency:
Burger & Company
Listed By:
Victor Burger · License #MI
(810) 206-5747
Source:
Crexi
Added: Apr 14
Changed: Oct 10
Last Checked: Oct 20 at 7:57PM
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 Burger & Company
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Investment Insights
Based on property information with market context.
This small manufacturing building is offered for sale with two cranes, including a 7.50-ton crane. The facility provides 16'–38' clear height, and features heavy power service described as 1,000 amps (to be verified). Grade-level doors include two configurations: 12' x 14' and 12' x 16'.
The property sits on a 1.15-acre gated and secure fenced lot. Quick freeway access is noted to I-75 and I-696.
An additional 800-square-foot shed is listed as not included in the building square footage, supporting on-site storage needs.
The property sits on a 1.15-acre gated and secure fenced lot. Quick freeway access is noted to I-75 and I-696.
An additional 800-square-foot shed is listed as not included in the building square footage, supporting on-site storage needs.
Key Highlights
- Small manufacturing building for sale on a gated, secure fenced 1.15‑acre lot
- Two cranes on site, including a 7.50‑ton crane
- 16'–38' clear height manufacturing space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,709
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,180
$1.1M
Cap Rate 7%
$752,986
$753.0K
Cap Rate 9%
$585,656
$585.7K
Market Conditions
NOI Build-Up for 10,260 SF
Gross rent
$78.8K $7.68/SF
− Vacancy
−$3.5K −$0.34/SF
EGI
$75.3K $7.34/SF
− OpEx
−$22.6K −$2.20/SF
NOI
$52.7K $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 Rate 5%
$1,054,180
Cap Rate 7%
$752,986
Cap Rate 9%
$585,656
Alternative Uses
Best Use
Industrial
$753.0K
$658.9K – $878.5K
NOI $52,709 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,438 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
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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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility on a gated, secure lot with two cranes and grade-level loading doors.
Where is this manufacturing property located?
The property is located at 24296 Gibson Dr Warren, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Small manufacturing building for sale on a gated, secure fenced 1.15‑acre lot; Two cranes on site, including a 7.50‑ton crane; 16'–38' clear height manufacturing space
