Industrial Warehouse Near Telegraph
For Sale
$1,629,493
26390 Van Born Road, Dearborn Heights, MI 48125
26,520 SF warehouse with easy access to major roads.
Property Size26,520 SF
Lot Size1.56 Acres
Price / SF$61.44
Days on Market196
Property Features for 26390 Van Born Road
General Information
Standard status
Active
Size
26,520 SF
Lot size
1.56 Acres
Property subtype
Industrial
Listing Agency:
CBRE - Detroit
Listed By:
Joseph Hauska · License #6501225071
(248) 936-6813
Source:
Cbre
Added: Mar 25
Changed: Sep 25
Last Checked: Oct 5 at 4:45PM
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 CBRE - Detroit
Investment Insights
Based on property information with market context.
This 26,520 square foot industrial warehouse is situated on 1.56 acres. The property benefits from its location off Van Born Road, offering convenient access to Telegraph Road and I-94. It will be available starting November 1, 2023.
Key Highlights
- Great location off Van Born Road
- Easy Access to Telegraph Road and I‑94
- Large 26,520 SF property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,296
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,920
$2.7M
Cap Rate 7%
$1,961,371
$2.0M
Cap Rate 9%
$1,525,511
$1.5M
Market Conditions
NOI Build-Up for 26,520 SF
Gross rent
$203.7K $7.68/SF
− Vacancy
−$7.5K −$0.28/SF
EGI
$196.1K $7.40/SF
− OpEx
−$58.8K −$2.22/SF
NOI
$137.3K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,920
Cap Rate 7%
$1,961,371
Cap Rate 9%
$1,525,511
Alternative Uses
Best Use
Warehouse
$2.38M
$2.08M – $2.78M
NOI $166,717 @ 7.0% cap · market cap 10.23%
Second Best
Industrial
$1.96M
$1.72M – $2.29M
NOI $137,296 @ 7.0% cap · market cap 8.43%
Theoretical Best
Specialty Retail
$4.91M
$4.30M – $5.73M
NOI $343,699 @ 7.0% cap · market cap 21.09%
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
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48125, MI
22,070
Population
8,791
Households
2.5
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
4.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$59,534
Median Household Income
$38,241
Median Earnings
$1,298
Median Rent
$119,300
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
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Similar Off Market Nearby
- Bayham Street Bunkers — 5310 Bayham St, Dearborn Heights, MI 48125
- Davenport Enterprises LLC / Metro Vehicle Storage — 26380 Van Born Rd, Dearborn Heights, MI 48125
- Inkster Vehicle Storage — 26100 Annapolis St, Inkster, MI 48141
Frequently Asked Questions
What type of property is this?
Warehouse - 26,520 SF warehouse with easy access to major roads.
Where is this warehouse located?
The property is located at 26390 Van Born Road Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,629,493.
What are key features of this property?
This property features: Great location off Van Born Road; Easy Access to Telegraph Road and I‑94; Large 26,520 SF property
