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Property profile & analytics
FOR LEASE
Warehouses
26155 Groesbeck Hwy Warren, MI 48089
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1059230
For Lease
1 / 3
$7,910,000
26155 Groesbeck Hwy, Warren, MI 48089
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1961
Total area
252,633 SF
Lot
10.78 ac (469,359 SF)
Zoning code
M-2
APN
12-13-24-252-010
UPID
US43-1059230
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
-
Prestige Warehouse & Assembly Warehouse & Storage
-
Prestige Sorting Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.91M
Blend (final)
Blend
$7.91M
Owner & transaction history
26083 Groesbeck LLC · 9 yrs held
26083 Groesbeck LLC
since 2017
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.91M
Range $7.12M – $8.70M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
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
$149,673
Tax year 2022
Assessed value
$3,017,480
Assessed 2023
Previous assessed
$3,252,910
-7.2% YoY
Effective rate
4.96%
On assessed value
Total market value
$6,034,960
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
For Lease
Year built
1961
Heating
FORCED AIR
Stories
1
Total area
252,633 SF
Lot
10.78 ac (469,359 SF)
Zoning code
M-2
APN
12-13-24-252-010
UPID
US43-1059230
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
1961
Heating
FORCED AIR
Stories
1
Lot
10.78 ac
Current owner
From public records · entity-resolved
26083 Groesbeck LLC
Entity
Free & Clear · 9 yrs held
Mailing address
17901 MASONIC, FRASER, MI 48026-3160
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2017
—
26083 Groesbeck LLC
Gordon Richard T Trust
Quit Claim Deed
related
—
Aug 11, 2014
—
Fairlane Tool Co INC
Gordon Richard T Trust
Grant Deed
related
—
Nov 7, 2013
$2,829,346
Fairlane Tool Co INC
Gordon Richard T Trust
Grant Deed
—
Jun 8, 2009
—
Gordon Richard T Trust
Gordon,laureen M
Quit Claim Deed
related
—
—
—
Richard T Gordon
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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