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    26155 Groesbeck Hwy Warren, MI 48089
    Property profile & analytics

    26155 Groesbeck Hwy Warren, MI 48089

    View on Map
    • Warehouses
    • 252,633 SF
    • 10.78 lot acres
    For Lease
    $7,910,000
    View Listing →
    Industrial Space with Heavy Power For Lease
    $7,910,000
    38,352 SF

    Industrial Space with Heavy Power

    Two-story industrial space suitable for various commercial uses.

    26155 Groesbeck Hwy, Warren, MI 48089
    View Listing
    Property ID
    US43-1059230
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prestige Warehouse & Assembly / Warehouse & Storage
    • Prestige Sorting Inc. / Engineering Consultant

    Property Details for 26155 Groesbeck Hwy

    Year built
    1961
    Lot size
    10.78 lot acres
    Property size
    252,633 SF
    Zone code
    M-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-13-24-252-010
    APU
    121324252010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,909,000
      Market price range: $5.52M - $31.7M
      AI Estimate
      $7,909,000
      Market price range: $5.52M - $31.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9747
    Latitude
    42.4885
    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
    $149,673
    $0.00
    $0.00
    $3,017,480
    -
    $0.00
    $0.00
    $6,034,960

    Comparable in this City

    • Value Estimation
      $5,080,000
      104,830 SF

      26300 Bunert Rd

      MINI-WAREHOUSE, STORAGE • 104,830 SF
      26300 Bunert Rd, Warren, MI 48089-3639
      View Details
    • Value Estimation
      $6,435,000
      182,800 SF

      21601 Mullin Ave

      MINI-WAREHOUSE, STORAGE • 182,800 SF
      21601 Mullin Ave, Warren, MI 48089-3008
      View Details
    • Value Estimation
      $2,155,000
      45,475 SF

      24140 Groesbeck Hwy

      MINI-WAREHOUSE, STORAGE • 45,475 SF
      24140 Groesbeck Hwy, Warren, MI 48089-4716
      View Details
    • Value Estimation
      $1,960,000
      30,799 SF

      11503 8th Mile Rd

      MINI-WAREHOUSE, STORAGE • 30,799 SF
      11503 8th Mile Rd, Warren, MI 48089-3138
      View Details
    • Value Estimation
      $1,210,000
      32,532 SF

      11711 8th Mile Rd

      MINI-WAREHOUSE, STORAGE • 32,532 SF
      11711 8th Mile Rd, Warren, MI 48089-3146
      View Details
    • Value Estimation by Request
      2,940 SF

      8269 8th Mile Rd

      MINI-WAREHOUSE, STORAGE • 2,940 SF
      8269 8th Mile Rd, Warren, MI 48089-2937
      View Details

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      Warren M-2 Industrial Properties

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      11,648 SF

      Two-Building Warehouse Property For Sale

      Two-building warehouse property featuring crane, office, and high ceilings.
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      23,776 SF

      Retail/Industrial Buildings on Groesbeck Highway

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    Similar Nearby for Lease

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      Industrial Space in Emerald Business

      Industrial space suitable for cannabis grow, processing, or transport.
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      Groesbeck Hwy Office/Industrial Space

      Office and industrial space with outdoor storage on Groesbeck Hwy.
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      View Details
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      Versatile Warehouse with Renovated Office

      Warehouse with office, fenced lot, and excellent road exposure.
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      Industrial Space with Heavy Power

      Warehouse/industrial space featuring heavy power distribution and paved lot.
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      View Details
    • Contact for pricing

      Industrial Space with Heavy Power

      Two-story industrial space suitable for various commercial uses.
      26155 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $40,000

      Industrial Property with Shop and Office

      Versatile industrial space with shop, office, and outdoor area.
      22728 Hoover Rd, Warren, MI 48089
      View Details
    View Listing
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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.

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    26155 Groesbeck Hwy, Warren, MI, 48089
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