Two-Building Warehouse Property For
For Sale
$950,000
24871 Gibson Dr, Warren, MI 48089
Two-building warehouse property featuring crane, office, and high ceilings.
Property Size11,648 SF
Price / SF$81.56
Days on Market194
Property Features for 24871 Gibson Dr
General Information
Standard status
Active
Size
11,648 SF
Property subtype
Industrial
Zoning
M-2
Building Details
Building Size
11,648 SF
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Nick Gitary · License #6501406289
(248) 535-8454
Source:
Cpix.resimplifi
Added: Mar 27
Changed: Sep 13
Last Checked: Oct 5 at 3:16PM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This property features two buildings in a sale/leaseback arrangement. Building 1 encompasses 8,648 square feet and includes a bonus upstairs office space, a 5-ton crane, and a 20-foot ceiling height. Building 2 offers 3,000 square feet of clear span warehouse space with a 22-foot ceiling height. Both buildings are equipped with air conditioning in the warehouse area, gas forced air heating, and buss duct electrical systems. The total property size is 11,648 square feet.
Key Highlights
- Sale/leaseback opportunity for two buildings.
- Building 1: 8,648 SF with bonus upstairs office and includes a 5‑ton crane.
- Building 2: 3,000 SF clear span warehouse with 22' ceiling height.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,662
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,240
$1.5M
Cap Rate 7%
$1,038,029
$1.0M
Cap Rate 9%
$807,356
$807.4K
Market Conditions
NOI Build-Up for 11,648 SF
Gross rent
$89.5K $7.68/SF
− Vacancy
−$4.0K −$0.34/SF
EGI
$85.5K $7.34/SF
− OpEx
−$12.8K −$1.10/SF
NOI
$72.7K $6.24/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,240
Cap Rate 7%
$1,038,029
Cap Rate 9%
$807,356
Alternative Uses
Best Use
Warehouse
$1.04M
$908.3K – $1.21M
NOI $72,662 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$854.8K
$748.0K – $997.3K
NOI $59,839 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,872 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two-building warehouse property featuring crane, office, and high ceilings.
Where is this warehouse located?
The property is located at 24871 Gibson Dr Warren, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Sale/leaseback opportunity for two buildings.; Building 1: 8,648 SF with bonus upstairs office and includes a **5‑ton crane**.; Building 2: **3,000 SF clear span warehouse** with **22' ceiling height**.
