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    23500 Mound Rd Warren, MI 48091

    Sponsored
    For Lease
    Contact for pricing

    Class A warehouse space; flexible layouts.

    Lot size:
    1,430,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This Macomb County industrial property, known as Mound Road Industrial Park, offers exceptional Class A warehouse space for lease. Two buildings are available, providing flexible options for multiple tenants. Building 3, totaling 282,894 square feet, is slated for completion in Q4 2025 and features a 36-foot ceiling height, 29 existing docks (with capacity for 33 more), two 14' x 16' drive-in doors, a 185-foot truck court, 65 trailer parking spaces, and 358 car parking spaces. A state-of-the-art ESFR sprinkler system is installed. Building 4, encompassing 480,294 square feet, is scheduled for completion in Q4 2026 and boasts a 40-foot ceiling height, 48 existing docks (with capacity for 58 more), four 14' x 16' drive-in doors, a 185-foot truck court, 125 trailer parking spaces, and 369 car parking spaces. This building also includes an ESFR sprinkler system. Both buildings offer ample power with a 4,000-amp service (expandable). The total available space across the park is 1,430,125 square feet, with a minimum divisible space of 282,894 square feet and a maximum contiguous space of 480,294 square feet. Currently, 763,188 square feet are vacant. Build-to-suit options are also available for up to approximately 800,000 square feet. Six drive-in doors are available across both buildings.

    Property Features for 23500 Mound Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,430,125 SF
    Class
    A

    Unit(s) available at that property

    Space
    Building 3
    Size
    282,894 SF
    Space
    Building 4
    Size
    480,294 SF

    We can help!

    Listing Contact
    Peter J Kepic
    Peter J Kepic

    Learn more

    Property Insight Report

    HighLights

    • Class A industrial warehouse space totaling 1,430,125 square feet.
    • Multiple tenants, with 763,188 square feet currently vacant.
    • Divisible spaces from 282,894 to 480,294 contiguous square feet available.
    • Building 3 (282,894 SF) delivers Q4 2025, featuring 36' ceiling height, 29 existing docks (33 future), two 14'x16' drive‑in doors, 185' truck court, 65 trailer and 358 car parking spaces, and an ESFR sprinkler system.
    • Building 4 (480,294 SF) delivers Q4 2026, featuring 40' ceiling height, 48 existing docks (58 future), four 14'x16' drive‑in doors, 185' truck court, 125 trailer and 369 car parking spaces, and an ESFR sprinkler system.
    • Build‑to‑suit options available up to approximately 800,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Home Depot Distribution ... Warehouse Mound Road Industrial ... Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0391794
    Latitude
    42.4692164

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    FAQs

    What type of property is this?
    Distribution property - Class A warehouse space; flexible layouts.
    Where is this distribution property located?
    The property is located at 23500 Mound Rd Warren, MI.
    What are key features of this property?
    This property features: Class A industrial warehouse space totaling 1,430,125 square feet.; Multiple tenants, with 763,188 square feet currently vacant.; Divisible spaces from 282,894 to 480,294 contiguous square feet available.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23500 Mound Rd Warren, MI 48091
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    We can help!
    Listing Contact
    Peter J Kepic
    Peter J Kepic
    Real Estate License ID: MI
    Learn more
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