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Property profile & analytics
OFF-MARKET
Warehouses
21001 Groesbeck Hwy, Warren, MI 48089-4917
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-4199228
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1956
Total area
148,119 SF
Lot
7.96 ac (346,912 SF)
Zoning code
M-2
APN
12-13-35-352-013
UPID
US43-4199228
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Angel Cakes Bakery Specialty Food Shop
-
Nick's LLC Professional Services
-
Warren Processing Center Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brays Investments LLC · 3 yrs held
Brays Investments LLC
since 2023
Last sale
$125,000
7 recorded transactions
Zoning & alternative use
M-2 · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$92,598
Tax year 2022
Previous assessed
$1,676,920
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Stories
1
Total area
148,119 SF
Lot
7.96 ac (346,912 SF)
Zoning code
M-2
APN
12-13-35-352-013
UPID
US43-4199228
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Warren, MI
Zoning M-2 · permitted uses
M-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Stories
1
Lot
7.96 ac
Current owner
From public records · entity-resolved
Brays Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
21311 GROESBECK HWY, WARREN, MI 48089-3141
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
$125,000
Brays Investments LLC
Jeniya Investments LLC
Deed
—
Jan 25, 2023
—
21001 Groesbeck Hwy LLC
Jeniya Investments LLC
Warranty Deed
—
Jan 12, 2018
—
Jeniya Investments LLC
Jeniya Investments LLC
Quit Claim Deed
related
—
Mar 18, 2014
—
Jeniya & Savannah LLC
Groesbeck Land Co LLC
Quit Claim Deed
related
—
—
—
Jeniya Investments LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of Ann Arbor
—
—
Jeniya Investments LLC
—
Loan Modification
related
$3,000,000 · Bank Of Ann Arbor
—
—
Jeniya Investments LLC
—
Loan Modification
related
$1,400,000 · Bank Of Ann Arbor
—
—
Jeniya Investments LLC
—
Loan Modification
related
$2,300,000 · Bank Of Ann Arbor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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