Turnkey Industrial Building with
For Sale
Contact for pricing
5650 Jamestown Road, Shelby Twp, MI 48317
Recently remodeled 6,100 SF industrial building offers an office/warehouse mix plus a secured fenced yard for added operational space.
Property Size6,100 SF
Price / SF$147.52
Days on Market133
Property Features for 5650 Jamestown Road
General Information
Standard status
Active
Size
6,100 SF
Property subtype
Retail, Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1953
Year Renovated
2025
Tenancy
Single
Listing Agency:
Realty Executives Home Towne (Shelby)
(586) 615-0101
Listed By:
Maurice Khalifa · License #MI 6502376505
Source:
Crexi
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 9 at 1:44PM
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 Realty Executives Home Towne (Shelby)
Investment Insights
Based on property information with market context.
This turnkey industrial building was remodeled in 2025 and is offered in move-in-ready condition. The property includes a functional layout combining warehouse and office space, supporting day-to-day operations for businesses that need both production or storage area and on-site workspace.
The building also features a secured, fenced-in yard, providing additional outdoor space that can be used for equipment, vehicle parking, or outdoor storage. Convenient access to major roadways supports local and regional operations.
With a dedicated office/warehouse configuration and outdoor yard area, the property is well-suited for a range of industrial users, including contractors, distribution, storage, or warehouse operations.
The building also features a secured, fenced-in yard, providing additional outdoor space that can be used for equipment, vehicle parking, or outdoor storage. Convenient access to major roadways supports local and regional operations.
With a dedicated office/warehouse configuration and outdoor yard area, the property is well-suited for a range of industrial users, including contractors, distribution, storage, or warehouse operations.
Key Highlights
- 6,100 SF industrial building in Shelby Township, MI, remodeled in 2025
- Move‑in ready office/warehouse mix with a functional layout for day‑to‑day operations
- Secured, fenced‑in yard for outdoor storage, equipment, or vehicle parking
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
$69,282
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
7.70%
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%
$1,385,640
$1.4M
Cap Rate 7%
$989,743
$989.7K
Cap Rate 9%
$769,800
$769.8K
Market Conditions
NOI Build-Up for 6,100 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
$120.8K $19.80/SF
− Vacancy
−$14.2K −$2.33/SF
EGI
$106.6K $17.47/SF
− OpEx
−$37.3K −$6.12/SF
NOI
$69.3K $11.36/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,385,640
Cap Rate 7%
$989,743
Cap Rate 9%
$769,800
Alternative Uses
Best Use
Flex RnD
$989.7K
$866.0K – $1.15M
NOI $69,282 @ 7.0% cap · market cap 7.70%
Second Best
Warehouse
$570.6K
$499.3K – $665.7K
NOI $39,940 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$1.14M
$999.3K – $1.33M
NOI $79,941 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
231
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Recently remodeled 6,100 SF industrial building offers an office/warehouse mix plus a secured fenced yard for added operational space.
Where is this flex space located?
The property is located at 5650 Jamestown Road Shelby Twp, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 6,100 SF industrial building in Shelby Township, MI, remodeled in 2025; Move‑in ready office/warehouse mix with a functional layout for day‑to‑day operations; Secured, fenced‑in yard for outdoor storage, equipment, or vehicle parking
