Warehouse with New Rubber
For Sale
$895,000
50633 Ryan Rd, Shelby Township, MI 48317
Warehouse property featuring a new rubber roof and additional rear land for expansion or storage flexibility.
Property Size10,000 SF
Price / SF$89.50
Days on Market57
Property Features for 50633 Ryan Rd
General Information
Standard status
Active
Size
10,000 SF
Class
C
Total Parking Spaces
15
Property subtype
Industrial
Zoning
IND
Building Details
Building Size
10,000 SF
Year Built
1969
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Pilot Property Group
(586) 243-3488
Listed By:
Boyd Kraft · License #6501076461
(586) 243-3488
Source:
Cpix.resimplifi
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 12 at 3:15AM
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This warehouse property includes a rubber roof that was installed in 2021. A lockbox is located on-site, and buyers should contact the listing agent for access details and further information.
Additional land is available at the rear of the property, offering extra outdoor space beyond the primary building footprint. The property is offered for sale at 50633 Ryan Rd in Shelby Township, Michigan.
For tenants, owners, or investors looking for warehouse space with a relatively recent roofing replacement, the 2021 rubber roof can reduce near-term roof replacement concerns. The added rear land also supports practical uses where more outdoor area may be beneficial, such as staging, storage, or future expansion, subject to applicable approvals and requirements.
Additional land is available at the rear of the property, offering extra outdoor space beyond the primary building footprint. The property is offered for sale at 50633 Ryan Rd in Shelby Township, Michigan.
For tenants, owners, or investors looking for warehouse space with a relatively recent roofing replacement, the 2021 rubber roof can reduce near-term roof replacement concerns. The added rear land also supports practical uses where more outdoor area may be beneficial, such as staging, storage, or future expansion, subject to applicable approvals and requirements.
Key Highlights
- New rubber roof installed in 2021 by Lutz Roofing
- Additional land available at the rear of the property
- Lock box at site; contact agent for details
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
$65,476
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
7.32%
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%
$1,309,520
$1.3M
Cap Rate 7%
$935,371
$935.4K
Cap Rate 9%
$727,511
$727.5K
Market Conditions
NOI Build-Up for 10,000 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
$81.6K $8.16/SF
− Vacancy
−$4.6K −$0.46/SF
EGI
$77.0K $7.70/SF
− OpEx
−$11.6K −$1.16/SF
NOI
$65.5K $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%
$1,309,520
Cap Rate 7%
$935,371
Cap Rate 9%
$727,511
Alternative Uses
Best Use
Warehouse
$935.4K
$818.5K – $1.09M
NOI $65,476 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,051 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property featuring a new rubber roof and additional rear land for expansion or storage flexibility.
Where is this warehouse located?
The property is located at 50633 Ryan Rd Shelby Township, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: New rubber roof installed in 2021 by Lutz Roofing; Additional land available at the rear of the property; Lock box at site; contact agent for details
