Clinton Township Warehouse For
21338 Carlo Dr Clinton Township, MI 48038
21338 Carlo Dr, Clinton Township, MI, 48038
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For Sale
Contact for pricing
24,276 sqft warehouse available for purchase in Clinton Township.
Property Size24,276 SF
Price / SF$105.04
Days on Market665
Property Features for 21338 Carlo Dr
General Information
- Standard status
- Active
- Size
- 24,276 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing Agency
CBRE - Detroit
Listed by
Lauren Scarpace · License #MI 6502409106
Source
Crexi
Added: Sep 20, 2024 Checked: Jul 15 at 7:45 pm
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 commercial real estate offering features a 24,276 square foot warehouse property available for sale. The property is located in Clinton Township, Michigan.
Key Highlights
- Built in 1989
Local Financial Insights For Warehouse
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 | $198.1k | $8.16 |
| − Vacancy | −$11.1k | −$0.46 |
| EGI | $187.0k | $7.70 |
| − OpEx | −$28.0k | −$1.16 |
| NOI | $158.9k | $6.55 |
24,276 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $158,949 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,899 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$4.54M
$3.98M – $5.30M
NOI $318,140 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - 24,276 sqft warehouse available for purchase in Clinton Township.
Where is this warehouse located?
The property is located at 21338 Carlo Dr Clinton Township, MI.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Built in 1989
