Warehouse with Rubber
For Sale
$950,000
50633 Ryan Road, Shelby Twp, MI 48317
COMMERCIAL - Shelby Twp, MI
Property Size10,000 SF
Lot Size1.00 Acre
Price / SF$95
Days on Market50
Property Features for 50633 Ryan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Shelby Twp (50007)
Standard status
Active
APN
23-07-19-200-010
Size
10,000 SF
Lot size
1.00 Acre
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1969
Roof type
Rubber
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Boyd C. Kraft · License #6506047213
(586) 243-3488
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 50211853
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property includes forced-air heating and a rubber roof. The roof was installed in 2021 by Lutz Roofing, and the building was constructed in 1969.
The site totals 1 acre and includes a parking lot for tenant and visitor vehicles. Public water service is available.
Additional land at the rear of the property is available, with details provided via the lockbox on-site.
The site totals 1 acre and includes a parking lot for tenant and visitor vehicles. Public water service is available.
Additional land at the rear of the property is available, with details provided via the lockbox on-site.
Key Highlights
- 1‑acre site with a 10,000 SF warehouse building
- Rubber roof installed in 2021 by Lutz Roofing
- Forced air heating
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
6.89%
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 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,051 @ 7.0% cap · market cap 13.79%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant warehouse with forced-air heating, parking lot, and a rubber roof installed in 2021.
Where is this warehouse located?
The property is located at 50633 Ryan Road Shelby Twp, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1‑acre site with a 10,000 SF warehouse building; Rubber roof installed in 2021 by Lutz Roofing; Forced air heating
