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Property profile & analytics
FOR SALE
Flex space
22214 Schmeman Ave, Warren, MI 48089
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1585807
For Sale
$600,000
22214 Schmeman Ave, Warren, MI 48089
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Property summary
AI-generated overview
This 6,648-square-foot industrial warehouse, located at 22214 Schmeman Ave, Warren, MI 48089, presents a compelling owner-user opportunity. The property, built in 1957, sits on a 0.373-acre lot and is zoned M-1. The single-story building features a 14-18' ceiling height, ideal for various storage and distribution needs. Access is enhanced by drive-through capability and twelve 12' dock-high doors. The property includes two cranes and heavy power, along with radiant tube heating. A fenced outdoor storage area provides additional space. Conveniently located near the I-696 Expressway, with cross streets at Groesbeck Hwy and 8 1/2 Mile Rd (Toepfer), this property offers excellent accessibility. The asking price is $600,000, translating to $90.25 per square foot. The property is currently vacant and available for immediate occupancy. This Class C building offers a gross lease option at $6,500 per month plus utilities. The APN is 12-13-35-252-005.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1957
Total area
6,648 SF
Lot
0.37 ac (16,248 SF)
Zoning code
M-1
APN
12-13-35-252-005
UPID
US43-1585807
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
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
4j Schmeman LLC · 3 yrs held
4j Schmeman LLC
since 2023
Last sale
$278,000
7 recorded transactions
Zoning & alternative use
M-1 · 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
$4,969
Tax year 2022
Assessed value
$85,070
Assessed 2023
Previous assessed
$85,070
+0.0% YoY
Effective rate
5.84%
On assessed value
Total market value
$170,140
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1957
Heating
FORCED AIR
Stories
1
Total area
6,648 SF
Lot
0.37 ac (16,248 SF)
Zoning code
M-1
APN
12-13-35-252-005
UPID
US43-1585807
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Warren, MI
Zoning M-1 · permitted uses
M-1 · 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
1957
Heating
FORCED AIR
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
4j Schmeman LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3102 FARMDALE DR, STERLING HEIGHTS, MI 48314-2821
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$278,000
4j Schmeman LLC
Marvan Batoo
Warranty Deed
—
Nov 22, 2022
$297,000
Marvan Batoo
H & D Landscaping INC
Warranty Deed
—
Nov 22, 2022
$215,000
H & D Landscaping INC
Schmeman Property LLC
Warranty Deed
—
Sep 19, 2016
—
H & D Landscaping INC
Schmeman Property LLC
Quit Claim Deed
related
—
May 27, 2014
$235,000
Schmeman Property LLC
S & A Concrete Construction INC
Warranty Deed
—
May 27, 2014
$108,000
S & A Concrete Construction INC
Lemke Darlene A Liv Trust
Warranty Deed
—
Jan 14, 2014
—
S & A Concrete Construction INC
Lemke Darlene A Liv Trust
Quit Claim Deed
related
—
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.
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