Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24280 Mound Rd Warren, MI 48091

    • Industrial properties
    • 4,800 SF
    • 0.25 lot acres
    For Sale
    View listing
    $430,000
    Last Sale
    Jul 02, 2025
    Value Estimations
    Cap Rate Potential
    5.7%
    Industrial properties
    Location Intelligence
    Property ID
    US43-0138469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 24280 Mound Rd

    Year built
    1949
    Lot size
    0.25 lot acres
    Property size
    4,800 SF
    Zone code
    M-2
    Property type
    Industrial properties
    APN
    12-13-28-152-016
    APU
    121328152016

    Description

    This exceptional 4,800 square foot industrial building, located at 24280 Mound Road in Warren, Michigan, presents a unique investment opportunity. Situated on a 0.25-acre lot, the property is zoned M-2, fully compliant with all city and state regulations for cultivation facilities. Its history as a previously approved Green Zone grow operation provides a significant advantage for prospective buyers seeking a turnkey solution. The building boasts 3-phase power, a critical infrastructure component for high-energy operations. This ready-to-occupy space eliminates the lengthy and often costly permitting processes associated with establishing a similar facility. The property's strategic location in Warren offers convenient access to major transportation routes, ensuring efficient logistics. The existing infrastructure and zoning make this an ideal property for a variety of cultivation-related businesses, minimizing start-up costs and maximizing return on investment. This is a rare opportunity to acquire a fully compliant and operational facility, ready for immediate use. The asking price is $430,000. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $312,000
      Market price range: $137k - $341k
      AI Estimate
      $312,000
      Market price range: $137k - $341k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $500,000
      OFFICE BUILDING
      $455,000
      MEDICAL BUILDING
      $385,000
      AUTO REPAIR, GARAGE
      $375,000
      WAREHOUSE, STORAGE
      $325,000
      COMMERCIAL (GENERAL)
      $315,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0446
    Latitude
    42.4724
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,177
    $0.00
    $0.00
    $112,830
    -
    $0.00
    $0.00
    $225,660

    Comparable in this City

    • Value Estimation by Request
      0.56 Acres

      21304 Sherwood Ave

      INDUSTRIAL (GENERAL) • 0.56 Acres
      21304 Sherwood Ave, Warren, MI 48091-2940
      View Details
    • Value Estimation by Request
      332,280 SF

      21500 Mound Rd

      INDUSTRIAL (GENERAL) • 332,280 SF
      21500 Mound Rd, Warren, MI 48091-4840
      View Details
    • Value Estimation by Request
      39,828 SF

      3461 10th Mile Rd

      INDUSTRIAL (GENERAL) • 39,828 SF
      3461 10th Mile Rd, Warren, MI 48091-1308
      View Details
    • Value Estimation by Request
      7,040 SF

      6401 8th Mile Rd

      INDUSTRIAL (GENERAL) • 7,040 SF
      6401 8th Mile Rd, Warren, MI 48091-2960
      View Details
    • Value Estimation by Request
      14,142 SF

      25295 Guenther

      INDUSTRIAL (GENERAL) • 14,142 SF
      25295 Guenther, Warren, MI 48091-6020
      View Details
    • Value Estimation by Request

      23500 Sherwood Ave

      INDUSTRIAL (GENERAL)
      23500 Sherwood Ave, Warren, MI 48091-5363
      View Details

    Similar Nearby for Sale

    • $1,000,000
      118,000 SF

      Warren Industrial Portfolio: 118,000 SF

      Prime Warren location, high traffic, investment opportunity.
      24500 Dequindre Rd, Warren, MI 48091
      View Details
    • $625,000
      6,400 SF

      Warren Warehouse - $625,000

      6,400 SF Warehouse, High Visibility
      2219 Nine Mile Rd, Warren, MI 48091
      View Details
    • $649,999
      7,050 SF

      Warren Industrial Property: Prime Location

      7,050 SF Industrial Space - Sale/Lease Options
      24657 Mound Rd, Warren, MI 48091
      View Details
    • $1,000,000
      118,000 SF

      Warren Industrial Portfolio: 118,000 SF

      Prime Warren location, high traffic, investment opportunity.
      24460 Dequindre Rd, Warren, MI 48091
      View Details
    • $1,000,000
      118,000 SF

      Warren Industrial Portfolio: 118,000 SF

      Prime Warren location, high traffic, investment opportunity.
      24580 Dequindre Rd, Warren, MI 48091
      View Details
    • $175,000
      3,200 SF

      Warren Industrial Building - 3200 SF

      Prime 8 Mile Road industrial space. Great investment opportunity.
      3003 8 Mile Rd, Warren, MI 48091
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      15,000 SF

      Macomb County Warehouse For Lease

      15,000 SF Warehouse, Excellent Location
      24660 Dequindre Rd, Warren, MI 48091
      View Details
    • $7 SF/Yr
      19,800 SF

      Warren MI Industrial Manufacturing Space

      19,800 SF Warehouse, 1.25 Acres
      23250 Sherwood Ave, Warren, MI 48091
      View Details
    • Contact for pricing
      1,430,125 SF

      Mound Road Warehouse Space Available

      Class A warehouse space; flexible layouts.
      23500 Mound Rd, Warren, MI 48091
      View Details
    • $8 SF/Yr
      39,828 SF

      Industrial Units in Warren, MI

      Industrial units available for lease in multi-tenant park.
      3461-3519 E 10 Mile Rd, Warren, MI 48091
      View Details
    • Contact for pricing
      6,365 SF

      Warren Medical Office Building

      6,365 SF, 6,000 SF Vacant
      21635 Ryan Rd, Warren, MI 48091
      View Details
    • $18 SF/Yr
      25,596 SF

      7 Star Plaza: Warren Office Space

      Prime Warren Office, High Visibility, 3,900 SF Available
      7580 Nine Mile Rd, Warren, MI 48091
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24280 Mound Rd
    Warren, MI 48091
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.