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 Market150
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
(248) 936-6813
Listed By:
Joseph Hauska · License #6501225071
(248) 936-6813
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 20 at 5:12AM
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 = 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
$137,296
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
8.43%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Davenport Enterprises LLC / Metro Vehicle Storage — 26380 Van Born Rd, Dearborn Heights, MI 48125
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- Bayham Street Bunkers — 5310 Bayham St, Dearborn Heights, MI 48125
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
