New Baltimore Warehouse
For Sale
$850,000
51690 Birch Street, New Baltimore, MI 48047
11,516 sqft warehouse property for sale in New Baltimore.
Property Size11,516 SF
Price / SF$73.81
Days on Market196
Property Features for 51690 Birch Street
General Information
Standard status
Active
Size
11,516 SF
Property subtype
Industrial
Listing Agency:
CBRE | Detroit
Listed By:
Matt Osiecki
(248) 351-2079
Source:
Cbre
Added: Mar 25
Changed: Oct 4
Last Checked: Oct 5 at 3:16PM
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 CBRE | Detroit
Investment Insights
Based on property information with market context.
This property is a warehouse, categorized as both a warehouse and an industrial property. The building offers 11,516 square feet of space and is located in New Baltimore, Michigan.
Key Highlights
- 11,516 sqft warehouse property
- Property for sale
- Located in New Baltimore
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,402
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,508,040
$1.5M
Cap Rate 7%
$1,077,171
$1.1M
Cap Rate 9%
$837,800
$837.8K
Market Conditions
NOI Build-Up for 11,516 SF
Gross rent
$94.0K $8.16/SF
− Vacancy
−$5.3K −$0.46/SF
EGI
$88.7K $7.70/SF
− OpEx
−$13.3K −$1.16/SF
NOI
$75.4K $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 Rate 5%
$1,508,040
Cap Rate 7%
$1,077,171
Cap Rate 9%
$837,800
Alternative Uses
Best Use
Warehouse
$1.08M
$942.5K – $1.26M
NOI $75,402 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$887.1K
$776.2K – $1.03M
NOI $62,096 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $150,919 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - 11,516 sqft warehouse property for sale in New Baltimore.
Where is this warehouse located?
The property is located at 51690 Birch Street New Baltimore, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 11,516 sqft warehouse property; Property for sale; Located in New Baltimore
