Fraser Warehouse Property for
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31985 Groesbeck Hwy, Fraser, MI
51,842 SF warehouse/industrial property in Fraser, Michigan.
Property Size51,842 SF
Lot Size2.42 Acres
Price / SF$77.06
Days on Market396
Property Features for 31985 Groesbeck Hwy
General Information
Standard status
Active
Size
51,842 SF
Lot size
2.42 Acres
Property subtype
INDUSTRIAL
Listing Agency:
RH Commercial Realty
(810) 923-6099
Listed By:
Nate Hughes · License #6501428750
(810) 923-6099
Source:
Moodyscre
Added: Jul 7, 2025
Changed: Jul 6
Last Checked: Jul 21 at 2:58AM
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
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 = 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
$339,440
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
8.50%
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%
$6,788,800
$6.8M
Cap Rate 7%
$4,849,143
$4.8M
Cap Rate 9%
$3,771,556
$3.8M
Market Conditions
NOI Build-Up for 51,842 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
$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 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%
$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
NOI $339,440 @ 7.0% cap · market cap 8.50%
Second Best
Industrial
$3.99M
$3.49M – $4.66M
NOI $279,539 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$9.71M
$8.49M – $11.32M
NOI $679,396 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
- Quick Fast Moving LLC — 17630 Sewel Ave, Fraser, MI 48026
- Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
- Added Room Self Storage — 31400 Kendall, Fraser, MI 48026
- Patriot Moving Systems LLC — 31400 Kendall, Fraser, MI 48026
- Public Storage — 32775 Groesbeck Hwy, 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
