Industrial Warehouse For Lease or
For Sale
Contact for pricing
244 Rex Blvd, Auburn Hills, MI 48326
Industrial warehouse property for lease or sale at 244 Rex Blvd in Auburn Hills, Michigan.
Property Size47,763 SF
Price / SF$0.00
Days on Market117
Property Features for 244 Rex Blvd
General Information
Standard status
Active
Size
47,763 SF
Property subtype
Industrial
Zoning
I-1
Building Details
Building Size
47,763 SF
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Zach Cummings
(248) 848-1253
Source:
Cpix.resimplifi
Added: Jul 8
Changed: Oct 31
Last Checked: Oct 30 at 10:46AM
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 Friedman Integrated Real Estate
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 listing offers a new industrial warehouse at 244 Rex Blvd in Auburn Hills, Michigan, available for lease or sale. The property is marketed by Friedman Real Estate.
As presented, the asset is a warehouse/distribution-focused industrial offering within a commercial real estate context. No additional building specifications, configurations, or site details were provided with the listing information.
Please contact the listing broker for further information on the available space and terms for either leasing or purchase.
As presented, the asset is a warehouse/distribution-focused industrial offering within a commercial real estate context. No additional building specifications, configurations, or site details were provided with the listing information.
Please contact the listing broker for further information on the available space and terms for either leasing or purchase.
Key Highlights
- Industrial warehouse for lease or sale at 244 Rex Blvd, Auburn Hills, MI
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,359
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,747,180
$5.7M
Cap Rate 7%
$4,105,129
$4.1M
Cap Rate 9%
$3,192,878
$3.2M
Market Conditions
NOI Build-Up for 47,763 SF
Gross rent
$351.1K $7.35/SF
− Vacancy
−$13.0K −$0.27/SF
EGI
$338.1K $7.08/SF
− OpEx
−$50.7K −$1.06/SF
NOI
$287.4K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,747,180
Cap Rate 7%
$4,105,129
Cap Rate 9%
$3,192,878
Alternative Uses
Best Use
Warehouse
$4.11M
$3.59M – $4.79M
NOI $287,359 @ 7.0% cap · market cap 3,284,102.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.30M
$9.01M – $12.02M
NOI $721,145 @ 7.0% cap · market cap 8,241,657.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property for lease or sale at 244 Rex Blvd in Auburn Hills, Michigan.
Where is this warehouse located?
The property is located at 244 Rex Blvd Auburn Hills, MI.
What are key features of this property?
This property features: Industrial warehouse for lease or sale at 244 Rex Blvd, Auburn Hills, MI; Built in 1987
