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    Warren Industrial Building For Sale Title is generated by Realmo AI

    114055-11445 Stephens Rd, Warren, MI 48089

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    88,609 SF industrial building on 5.05 acres for sale.

    Type:Industrial
    Property size:
    88,609 SF
    Lot size:
    5.05 Acres
    Price / SF:
    $90/SF
    Added:
    Aug 17, 2024
    Days on Market:
    689
    Last Refresh:
    Jul 5 at 10:02 am

    Property Features for 114055-11445 Stephens Rd

    General Information

    Standard status
    Active
    Size
    88,609 SF
    Lot size
    5.05 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1963

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    John Arthurs
    John Arthurs

    Listing office P.A. Commercial Corporate & Investment Real Estate

    Listing date Aug 17, 2024

    Source Crexi

    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 P.A. Commercial Corporate & Investment Real Estate

    HighLights

    • 88,609 SF industrial building on 5.05 acres
    • Zoned M‑2, suitable for a wide range of industrial uses
    • Excellent location near major automotive facilities and transportation arteries
    • Two interior truckwells and multiple large doors
    • Heavy power: 240 and 480‑volt service
    • 7,200 SF of office space

    Overview

    This 88,609 square foot industrial building is situated on 5.05 acres. The property is zoned M-2 and features two interior truckwells. The shop area is equipped with a fire suppression system and has a 17-foot clear height. There are two 12-foot by 14-foot doors and one 12-foot by 13-foot door. The building has heavy power capabilities with 240 and 480-volt service. The property includes 7,200 square feet of office space, fenced parking for 150 cars, and fluorescent lighting. Heating is provided by a new tube radiant system. The roof on the rear of the building is 10 years old. Located on the north side of Stephens Road, just west of Hoover, the property is minutes from the Mound/I-696 interchange. The location offers convenient access to Stellantis Assembly, GM Tech Center, TACOM, I-94, and I-75.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $680.5k $7.68
    − Vacancy −$30.2k −$0.34
    EGI $650.3k $7.34
    − OpEx −$195.1k −$2.20
    NOI $455.2k $5.14
    88,609 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $6.50M
    $5.69M – $7.59M (±1% cap)
    NOI $455,212 @ 7.0% cap · market cap 5.69%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $19.55M
    $17.10M – $22.81M (±1% cap)
    NOI $1,368,324 @ 7.0% cap · market cap 17.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Travel Agency Parking Lot & Garage Computer & Electronic Repair Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -82.97198
    Latitude
    42.47215

    FAQs

    What type of property is this?
    Manufacturing property - 88,609 SF industrial building on 5.05 acres for sale.
    Where is this manufacturing property located?
    The property is located at 114055-11445 Stephens Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 88,609 SF industrial building on 5.05 acres; Zoned M‑2, suitable for a wide range of industrial uses; Excellent location near major automotive facilities and transportation arteries
    (248) 663-0506 Call to check price and availability
    More about this property
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