Manufacturing Property with Bus
For Sale
Contact for pricing
24344 Gibson Avenue, Warren, MI 48089
Industrial facility with substantial electrical service, compressed-air lines, and a secured parking area.
Property Size8,760 SF
Price / SF$74.20
Days on Market52
Property Features for 24344 Gibson Avenue
General Information
Standard status
Active
Size
8,760 SF
Property subtype
Industrial
Warehouse & Industrial
Power
1,200 amps
Voltage
240 V
Listing Agency:
L. Mason Capitani
Listed By:
Jason Capitani, SIOR, CCIM · License #MI 6502137804
(248) 637-7684
Source:
Crexi
Added: Sep 2
Changed: Oct 15
Last Checked: Oct 20 at 8:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property contains 8,760 square feet of industrial space with bus duct, airlines, and 240-volt power. Electrical service is rated at 1,200 amps, supporting operations that require significant power capacity.
The property also includes a fenced parking lot. It is located at 24344 Gibson Avenue in Warren, Michigan 48089, providing a defined industrial setting for manufacturing use.
The property also includes a fenced parking lot. It is located at 24344 Gibson Avenue in Warren, Michigan 48089, providing a defined industrial setting for manufacturing use.
Key Highlights
- 8,760 square feet of manufacturing space
- 1,200‑amp electrical service
- 240‑volt power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,003
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,060
$900.1K
Cap Rate 7%
$642,900
$642.9K
Cap Rate 9%
$500,033
$500.0K
Market Conditions
NOI Build-Up for 8,760 SF
Gross rent
$67.3K $7.68/SF
− Vacancy
−$3.0K −$0.34/SF
EGI
$64.3K $7.34/SF
− OpEx
−$19.3K −$2.20/SF
NOI
$45.0K $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%
$900,060
Cap Rate 7%
$642,900
Cap Rate 9%
$500,033
Alternative Uses
Best Use
Industrial
$642.9K
$562.5K – $750.1K
NOI $45,003 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,274 @ 7.0% cap · market cap 20.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
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
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with substantial electrical service, compressed-air lines, and a secured parking area.
Where is this manufacturing property located?
The property is located at 24344 Gibson Avenue Warren, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8,760 square feet of manufacturing space; 1,200‑amp electrical service; 240‑volt power
