Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fraser Warehouse Property for Sale Title is generated by Realmo AI

    31985 Groesbeck Highway, Fraser, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    51,842 SF warehouse/industrial property in Fraser, Michigan.

    Type:INDUSTRIAL
    Property size:
    51,842 SF
    Lot size:
    2.42 Acres
    Price / SF:
    $80/SF
    Added:
    Jul 7, 2025
    Days on Market:
    314
    Last Refresh:
    Apr 5 at 9:28 pm

    Property Features for 31985 Groesbeck Highway

    General Information

    Standard status
    Active
    Size
    51,842 SF
    Lot size
    2.42 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Nate Hughes
    Nate Hughes

    Listing agent Nate Hughes License #6501428750

    Listing office RH Commercial Realty

    Listing date Jul 7, 2025

    Source Moodyscre

    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 RH Commercial Realty

    HighLights

    • 51,842 SF warehouse/industrial property
    • Located in Fraser, Michigan

    Overview

    This property is a 51,842 square foot warehouse/industrial property located in Fraser, Michigan. The property is suitable for warehouse and industrial use.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $3.77M
    NOI $339,440 @ 9.00% cap · cautious / downside scenario
    Moderate
    $4.85M
    NOI $339,440 @ 7.00% cap · market / base-case scenario
    Aggressive
    $6.79M
    NOI $339,440 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $423.0k $8.16
    − Vacancy −$23.7k −$0.46
    EGI $399.3k $7.70
    − OpEx −$59.9k −$1.16
    NOI $339.4k $6.55
    51,842 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $4.85M
    $4.24M – $5.66M (±1% cap)
    NOI $339,440 @ 7.0% cap · market cap 8.18%
    Second Best
    Industrial
    $3.99M
    $3.49M – $4.66M (±1% cap)
    NOI $279,539 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Specialty Retail
    $9.71M
    $8.49M – $11.32M (±1% cap)
    NOI $679,396 @ 7.0% cap · market cap 16.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Quick Fast Moving LLC — 17630 Sewel Ave, Fraser, MI 48026
    • Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
    • Extra Space Storage — 34244 Groesbeck Hwy, Clinton Twp, MI 48035
    • Public Storage — 32775 Groesbeck Hwy, Fraser, MI 48026

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.941
    Latitude
    42.5322

    Nearby Similar for Sale

    • $89,900

      Cemetery with Development Potential

      Cemetery for sale in Fraser, MI with expansion possibilities.
      15685 E Fourteen Mile, Fraser, MI 48026
      View Details
    • $13
      14,040 SF

      Corner Retail Unit with Basement

      Retail space with high visibility and finished basement available.
      34501-34517 Utica Rd, Fraser, MI 48026
      View Details
    • $675,000
      2,980 SF

      Operating Car Wash on 0.80 Acres

      Operating 5-bay coin car wash on a 0.80-acre site.
      31062 Utica Rd, Fraser, MI 48026
      View Details
    • $970,000
      12,100 SF

      Freestanding Industrial Building with Office

      12,100 SF industrial building with office space for sale.
      34180 Klein Rd, Fraser, MI 48026
      View Details
    • $499,000
      5,089 SF

      Fraser Industrial Building For Sale

      5,089 SF industrial building with fenced lot in Fraser.
      33417 Kelly Rd, Fraser, MI 48026
      View Details
    • $2,500,000
      27,840 SF

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 27,840 SF with yard space.
      32637 & 32639 Groesbeck Highway, Fraser, MI 48026
      View Details
    • $174,900
      1,127 SF

      Former Restaurant in Fraser

      Former Dairy Queen restaurant, great investment opportunity.
      33060 GROESBECK Highway, Fraser City, MI 48026
      View Details
    • $1,750,000
      8,449 SF

      Fraser Commercial Property For Sale

      Commercial property available for sale in Fraser, Michigan.
      17717 Masonic Boulevard, Fraser, MI 48026
      View Details
    • Contact for pricing
      82,000 SF

      Fraser Industrial Opportunity

      82,000 SF industrial space available for sale or lease.
      34800 Bennett Dr, Fraser, MI 48026
      View Details
    • Contact for pricing
      82,000 SF

      Fraser Industrial Space Available

      82,000 SF industrial space in Fraser, Michigan.
      34800 Bennett Dr, Fraser, MI
      View Details
    • $174,900
      1,127 SF

      Fraser Commercial Property For Sale

      Commercial property in Fraser, Michigan, suitable for retail or restaurant.
      33060 GROESBECK Highway, Fraser, MI 48026
      View Details
    • Contact for pricing
      10,100 SF

      Industrial Property For Sale/Lease

      Multi-tenant industrial property available for lease or sale.
      33419 Kelly Rd, Fraser, MI 48026
      View Details

    FAQs

    What type of property is this?
    Warehouse - 51,842 SF warehouse/industrial property in Fraser, Michigan.
    Where is this warehouse located?
    The property is located at 31985 Groesbeck Highway Fraser, MI.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: 51,842 SF warehouse/industrial property; Located in Fraser, Michigan
    (810) 923-6099 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nate Hughes
    Nate Hughes
    Real Estate License ID: 6501428750
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31985 Groesbeck Highway, Fraser, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!