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    Warehouse with Yard Storage Title is generated by Realmo AI

    2543 Wills Street, Marysville, MI 48040

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    Claim this Listing
    For Lease
    $4,000/Mo $4 SF/Yr (calc)

    COMMERCIAL - Marysville, MI

    Property size:
    10,024 SF
    Lot size:
    7.96 Acres
    Added:
    Oct 28, 2021
    Days on Market:
    1680
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 2543 Wills Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    74030920026000
    Size
    10,024 SF
    Lot size
    7.96 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1944

    We can help!

    Listing Contact
    Anthony Rubino
    Anthony Rubino

    Listing agent Anthony Rubino License #6502425251

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Oct 28, 2021

    MLS# 50059406

    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.

    HighLights

    • Clean warehouse space with 14' overhead door and 35' clear height, clear span main warehouse
    • Main warehouse offers 7,420 SF clear span space plus a 2,604 SF industrial building
    • Heavy power available for industrial use
    • .65 AC yard included, with up to 5 AC outside storage available at additional rent
    • Updated offices included, with public water and on‑site parking lot
    • Year built: 1944

    Overview

    This rental property offers clean warehouse space designed to support heavy-truck operations and yard storage. A 14-foot overhead door serves the warehouse, and heavy power is available. Updated office space is included, and the main warehouse provides 35-foot clear height with clear-span functionality. The offering also includes two industrial buildings that can be leased separately: one building with 7,420 square feet and an additional building with 2,604 square feet.

    Outside storage is a key feature of the property. A .65-acre yard is included, and additional outside storage up to 5 acres is available at additional rent, depending on the tenant’s needs. The site is located at 2543 Wills Street in Marysville, Michigan (St. Clair County), supporting flexible use for companies requiring both enclosed warehouse space and supplemental outdoor staging.

    For tenants seeking industrial space that can handle equipment, materials, and heavier freight activity, this layout provides a practical combination of high-clear warehouse capacity, updated offices, and dedicated yard access. The ability to lease the 7,420-square-foot and 2,604-square-foot buildings separately can also be helpful for operators looking to match space to current operational requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    NATIONWIDE INC. Auto Repair Shop R & D Fabricating ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Storage Facility Bar & Pub Bakery Travel Agency Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.483778
    Latitude
    42.882872

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    FAQs

    What type of property is this?
    Flex space - Clean warehouse space with heavy power, 35-foot clear height, and included yard for heavy-truck and storage use.
    Where is this flex space located?
    The property is located at 2543 Wills Street Marysville, MI.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Clean warehouse space with 14' overhead door and 35' clear height, clear span main warehouse; Main warehouse offers 7,420 SF clear span space plus a 2,604 SF industrial building; Heavy power available for industrial use
    (586) 873-5419
    We can help!
    Listing Contact
    Anthony Rubino
    Anthony Rubino
    Real Estate License ID: 6502425251
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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