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    Renovated Flex Warehouse with Yard Title is generated by Realmo AI

    32637 & 32639 Groesbeck Highway, Clinton Township, MI 48036

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    New
    For Sale
    $2,500,000

    Two like-new flex warehouse buildings offer 17-foot clear height, multiple overhead doors, and dedicated yard storage.

    Type:Industrial
    Property size:
    27,840 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $89/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 5 at 2:01 am

    Property Features for 32637 & 32639 Groesbeck Highway

    General Information

    Standard status
    Active
    Size
    27,840 SF
    Lot size
    1.20 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Giancarlo Pinterpe
    Giancarlo Pinterpe

    Listing agent Giancarlo Pinterpe

    Listing office Lee & Associates of Michigan

    Listing date Jun 1, 2026

    Source Cpix.resimplifi

    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 Lee & Associates of Michigan

    HighLights

    • Two flex warehouse buildings fully renovated in 2022 (north and south), offering like‑new condition
    • North building: 13,920 SF with 12,720 SF shop area, 1,200 SF dedicated office, and 17‑foot clear height
    • North building features a 12' x 14' overhead door plus room to add another overhead door
    • South building: 15,360 SF with 5,520 SF office (includes 1,440 SF mezzanine), 17‑foot clear height, and two overhead doors (12' x 14' and 10' x 12')
    • Combined yard space totals 1.2 acres with dedicated exterior storage/operations area and two points of ingress and egress
    • 217' frontage on Groesbeck Hwy with easy access to I‑94 & I‑696

    Overview

    The offering includes two flex warehouse buildings totaling up to 27,840 SF, with like-new condition following a full renovation in 2022. The North Building provides 12,720 SF of open shop space supported by 1,200 SF of dedicated office, along with a 17-foot clear height and a 12’ x 14’ overhead door. There is also room to add an additional overhead door, plus supplemental yard space for exterior storage.

    The South Building totals 15,360 SF and includes 5,520 SF of office space with a 1,440 SF mezzanine, along with a 17-foot clear height and two overhead doors sized 12’ x 14’ and 10’ x 12’. Both buildings include dedicated yard space, and the site provides approximately 1.2 acres of yard for exterior storage or operations. The property features two points of ingress and egress and approximately 217 feet of frontage on Groesbeck Highway, with easy access to I-94 and I-696.

    With large open shop layouts, substantial clear height, multiple loading doors, and on-site yard, this property can support a range of industrial and distribution-oriented operations that also benefit from built-in office space on-site.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.922876
    Latitude
    42.542476

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    FAQs

    What type of property is this?
    Flex space - Two like-new flex warehouse buildings offer 17-foot clear height, multiple overhead doors, and dedicated yard storage.
    Where is this flex space located?
    The property is located at 32637 & 32639 Groesbeck Highway Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Two flex warehouse buildings fully renovated in 2022 (north and south), offering like‑new condition; North building: 13,920 SF with 12,720 SF shop area, 1,200 SF dedicated office, and 17‑foot clear height; North building features a 12' x 14' overhead door plus room to add another overhead door
    (248) 561-5748
    We can help!
    Listing Contact
    Giancarlo Pinterpe
    Giancarlo Pinterpe
    Learn More
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    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.

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    32637 & 32639 Groesbeck Highway, Clinton Township, MI 48036
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