Cannabis Industrial
For Sale
$1,150,000
25141 Easy Street, Warren, MI 48089
COM/IND/BUS OPP, Warren, MI
Property Size7,200 SF
Lot Size0.49 Acres
Price / SF$159.72
Days on Market47
Property Features for 25141 Easy Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Munsons Indust
Standard status
Active
APN
12-13-24-451-005
Size
7,200 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
9150
Utilities
Water source
Public
Building Details
Year built
1955
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty NB · Real Living
(586) 315-5700
Listed By:
James Fennell · License #6501242077
(586) 996-1251
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# 50214866
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This cannabis-oriented industrial property includes a 7,200-square-foot building on 0.49 acres. The layout features a 6,000-square-foot shop, a 1,200-square-foot office area, overhead doors, and a shower. Perimeter fencing encloses the site, while public water serves the property. Built in 1955, the facility is positioned for cultivation or processing uses identified in the property information.
The site is located in Warren’s Green Zone and offers access near major freeways and highways. Its combination of shop space, dedicated office area, overhead doors, fencing, and water service supports a range of cannabis-related industrial operations.
The site is located in Warren’s Green Zone and offers access near major freeways and highways. Its combination of shop space, dedicated office area, overhead doors, fencing, and water service supports a range of cannabis-related industrial operations.
Key Highlights
- 7,200‑square‑foot building on 0.49 acres
- 6,000‑square‑foot shop with overhead doors
- 1,200‑square‑foot office area with shower
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
$73,907
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
6.43%
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%
$1,478,140
$1.5M
Cap Rate 7%
$1,055,814
$1.1M
Cap Rate 9%
$821,189
$821.2K
Market Conditions
NOI Build-Up for 7,200 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
$121.0K $16.80/SF
− Vacancy
−$7.3K −$1.01/SF
EGI
$113.7K $15.79/SF
− OpEx
−$39.8K −$5.53/SF
NOI
$73.9K $10.26/SF
Area
Warren, MI
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,478,140
Cap Rate 7%
$1,055,814
Cap Rate 9%
$821,189
Alternative Uses
Best Use
Flex RnD
$1.06M
$923.8K – $1.23M
NOI $73,907 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$528.4K
$462.4K – $616.5K
NOI $36,989 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,184 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
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
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Frequently Asked Questions
What type of property is this?
Cannabis property - Fenced industrial property in Warren’s Green Zone with office space, overhead doors, and a shower.
Where is this cannabis property located?
The property is located at 25141 Easy Street Warren, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,200‑square‑foot building on 0.49 acres; 6,000‑square‑foot shop with overhead doors; 1,200‑square‑foot office area with shower
