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    13415 Schoenherr Rd Warren, MI 48089
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    13415 Schoenherr Rd Warren, MI 48089

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    • Land
    • 3.71 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13415 Schoenherr Rd

    Lot size
    3.71 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering encompasses two parcels totaling 3.71 acres, strategically located in Warren, Michigan, at the intersection of E 9 Mile Rd and Schoenherr Rd (48089). The property boasts M-2 industrial zoning, making it ideally suited for a variety of uses including logistics, warehousing, manufacturing, cannabis cultivation, and indoor/outdoor storage. Significant infrastructure is already in place

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9882
    Latitude
    42.465

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      12379 8 Mile Rd

      Land • 948 SF
      12379 8 Mile Rd, Detroit, MI 48089
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    • Value Estimation by Request
      22,000 SF

      12357 8 Mile Rd

      Land • 22,000 SF
      12357 8 Mile Rd, Detroit, MI 48089
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    • Value Estimation by Request
      15.00 Acres

      13007 10 Mile Rd

      Multifamily properties • 15.00 Acres
      13007 10 Mile Rd, Warren, MI 48089
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    • Value Estimation by Request

      23564 Bolam Ave

      Land
      23564 Bolam Ave, Warren, MI 48089
      View Details
    • Value Estimation by Request
      1.78 Acres

      26100 Groesbeck Hwy

      COMMERCIAL (GENERAL) • 1.78 Acres
      26100 Groesbeck Hwy, Warren, MI 48089-4146
      View Details
    • Value Estimation by Request

      13041 10th Mile Rd

      COMMERCIAL (GENERAL)
      13041 10th Mile Rd, Warren, MI 48089-2028
      View Details

    Similar Nearby for Sale

    • $60,000

      Warren Land For Sale

      Land available for sale in Warren, Michigan.
      23350 Roseberry Ave, Warren, MI 48089
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      Vacant Lots For Sale

      Vacant land available for sale.
      20800 Groesbeck Hwy, Warren, MI 48089
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      0.42 Acres

      Residential Land in Warren, MI

      Vacant land with paid water and sewer tap.
      11956 Stephens Rd, Warren, MI 48089
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    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Warren

      Land available for rent in Warren, Michigan.
      21551 Mullin Ave, Warren, MI 48089
      View Details
    • $4,000 /Mo
      66,228 SF

      Prime Vacant Land Opportunity

      1.5-acre commercial land parcel in Warren, MI for lease.
      20800 Groesbeck Hwy, Warren, MI 48089
      View Details
    • Contact for pricing

      Groesbeck Hwy Office/Industrial Space

      Office and industrial space with outdoor storage on Groesbeck Hwy.
      24595 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $4,000 /Mo
      66,647 SF

      Warren Land For Rent

      1.5-acre commercial land parcel in Warren, Michigan.
      20800 Groesbeck Hwy, Warren, MI 48089
      View Details
    • Contact for pricing

      Schoenherr Road Land Available

      0.94 acres for ground lease or build to suit.
      25058 Schoenherr Rd, Warren, MI 48089
      View Details
    • $3,750 /Mo

      Industrial Building for Lease

      5,600 sq ft light industrial building for lease.
      11408 Timken Ave, Warren, MI 48089
      View Details
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    Warren, MI 48089
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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
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    13415 Schoenherr Rd, Warren, MI, 48089
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