Property profile

28720 Lorna Ave Warren, MI 48092

OFF-MARKET
Industrial properties
Property ID
US43-1762199
17,916 SF 2.67 ac lot Built 1957
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1957
Total area 17,916 SF
Lot 2.67 ac (116,305 SF)
Zoning code M-3
APN 12-13-16-202-024
UPID US43-1762199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vocational School Training Center
  • Corporate Office

Location

28720 Lorna Ave Warren, MI 48092-3930
Warren metro Census 262100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$435k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2009
Price N/A

Zoning & alternative use

M-3 · Warren, MI
Zoning description

oment to research that ordinance. Steve Watripont thanked him for giving him more than five (5) minutes. The ordinance as far as the noise decibels is seventy-five (75) for M-1, eighty (80) for M-2, eighty-five (85) for…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.9M +71.5%
Office building $1.7M +56.7%
Restaurant $1.6M +42.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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