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 Market146
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: Aug 21
Last Checked: Aug 29 at 6:16PM
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
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 = 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
$52,709
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
6.80%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
