Building Details

Building Size 39,388 SF

Year Built 1993

Listing Agency: Lee & Associates of Michigan

Listed By: Giancarlo Pinterpe Show Phone

Source: Lee-associates

Added: Nov 26, 2025 Changed: Oct 3 Last Checked: Oct 5 at 4:49PM

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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

Investment Insights

Based on property information with market context.

This well-maintained industrial facility features 38,388 square feet of space suitable for manufacturing, assembly, and laboratory operations. The building includes 23-foot clear heights and 47-foot bay widths, providing a column-free environment. Operational assets include a dedicated paint booth, three exterior truck wells, two 12’x14’ overhead doors, and multiple jib cranes. The property is fully fire-suppressed and equipped with 3,000A/240V power, buss duct, and air lines throughout, complemented by 100% air conditioning. A climate-controlled 8,000-square-foot fixture checking lab houses a Coordinate Measuring Machine (CMM), suitable for precision inspection work. The property also includes an 8,448-square-foot two-story office component serviced by an elevator. The rear lot is fully fenced and secured. The site offers expansion potential, with the ability to add approximately 10,000 square feet to the building or to utilize the area for additional outside storage.

Key Highlights

• 38,388 SF industrial facility with 8,448 SF of office space, suitable for manufacturing, assembly, and laboratory operations.
• 8,000 SF climate‑controlled fixture checking lab with CMM, ideal for precision inspection.**
• 23‑foot clear heights and 47‑foot bay widths provide a versatile, column‑free workspace.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$257,896

Cap Rate

5.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,157,920 $5.2M

Cap Rate 7%

$3,684,229 $3.7M

Cap Rate 9%

$2,865,511 $2.9M

Market Conditions

NOI Build-Up for 39,388 SF

Gross rent

$321.4K $8.16/SF

− Vacancy

−$18.0K −$0.46/SF

EGI

$303.4K $7.70/SF

− OpEx

−$45.5K −$1.16/SF

NOI

$257.9K $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%

$5,157,920

Cap Rate 7%

$3,684,229

Cap Rate 9%

$2,865,511

Alternative Uses

Best Use

Warehouse

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,896 @ 7.0% cap · market cap 5.61%

Second Best

Industrial

$3.03M

$2.65M – $3.54M (±1% cap)

NOI $212,385 @ 7.0% cap · market cap 4.62%

Theoretical Best

Specialty Retail

$7.37M

$6.45M – $8.60M (±1% cap)

NOI $516,185 @ 7.0% cap · market cap 11.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Grocery & Convenience Store Daycare Center Barber Shop Locksmith

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

1,046

Businesses Nearby

Explore this area Business Placement

Demographics for 48315, MI

28,597

Population

11,252

Households

2.5

Avg Household Size

48

Median Age

33%

College-Educated

92%

High-School Grad

12.9 sq mi

ZIP Area

2,217

Density / Sq Mi

$99,512

Median Household Income

$54,587

Median Earnings

$1,181

Median Rent

$357,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Well-maintained 38,388 SF industrial facility with expansion and outside storage.

Where is this manufacturing property located?

The property is located at 51455 Schoenherr Road Shelby Twp, MI.

What is the asking price?

The asking price for this property is $4,595,000.

What are key features of this property?

This property features: 38,388 SF industrial facility with 8,448 SF of office space, suitable for manufacturing, assembly, and laboratory operations.; 8,000 SF climate‑controlled fixture checking lab with CMM, ideal for precision inspection.**; 23‑foot clear heights and 47‑foot bay widths provide a versatile, column‑free workspace.**