Listing Agency: RH Commercial Realty Show Phone

Listed By: Nate Hughes · License #6501433129 Show Phone

Source: Moodyscre

Added: Jul 7, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:45AM

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Investment Insights

Based on property information with market context.

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

Key Highlights

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$339,440

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,788,800 $6.8M

Cap Rate 7%

$4,849,143 $4.8M

Cap Rate 9%

$3,771,556 $3.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 51,842 SF

Gross rent

$423.0K $8.16/SF

− Vacancy

−$23.7K −$0.46/SF

EGI

$399.3K $7.70/SF

− OpEx

−$59.9K −$1.16/SF

NOI

$339.4K $6.55/SF

Area

Macomb County, MI

Vacancy

5.60%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,788,800

Cap Rate 7%

$4,849,143

Cap Rate 9%

$3,771,556

Alternative Uses

Best Use

Warehouse

$4.85M

$4.24M – $5.66M (±1% cap)

NOI $339,440 @ 7.0% cap · market cap 8.50%

Second Best

Industrial

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,539 @ 7.0% cap · market cap 7.00%

Theoretical Best

Specialty Retail

$9.71M

$8.49M – $11.32M (±1% cap)

NOI $679,396 @ 7.0% cap · market cap 17.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

740

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

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Manufacturing Facility with Multiple Cranes

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New Construction Multi-Tenant Warehouse

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Warehouse Space

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Industrial Property For Sale/Lease

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Newly Constructed Strip Mall

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Corner Retail Unit with Basement

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Automotive Property with Repair Bays

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Updated Triplex

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Similar Off Market Nearby

• Patriot Moving Systems LLC — 31400 Kendall, Fraser, MI 48026
• Added Room Self Storage — 31400 Kendall, Fraser, MI 48026
• Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
• Public Storage — 32775 Groesbeck Hwy, Fraser, MI 48026
• Quick Fast Moving LLC — 17630 Sewel Ave, Fraser, MI 48026

Frequently Asked Questions

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 Hwy Fraser, MI.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: 51,842 SF warehouse/industrial property; Located in Fraser, Michigan