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    33743 Groesbeck Hwy Fraser, MI 48026
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    Property profile & analytics

    33743 Groesbeck Hwy Fraser, MI 48026

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    • Distribution centers
    • 32,000 SF
    Off-Market
    Property ID
    US43-1961467
    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

    • Epic Refrigeration / Home Appliance Store
    • Viscount Equipment Co / Factory / Industrial Manufacturer

    Property Details for 33743 Groesbeck Hwy

    Year built
    1950
    Property size
    32,000 SF
    Property type
    Distribution centers

    Description

    This multi-tenant industrial warehouse, located at 33743 Groesbeck Hwy in Fraser, Michigan, offers 4,300 square feet of immediately available space within a larger 32,000 square foot building. Built in 1950 and extensively renovated in 2024, the property boasts a desirable location in the Groesbeck Central Industrial submarket of Macomb County, providing easy access to I-696. The warehouse features a 17-foot clear ceiling height, two 12' x 14' drive-in overhead doors, and ample power with 220-volt, 400-amp service. The available space includes a 600 square foot office area and two restrooms. The 2.12-acre lot provides convenient parking with five total spaces. The property is zoned LT Industrial. Taxes and insurance are included in the gross rate. This is an excellent opportunity for businesses seeking efficient and well-maintained warehouse space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.931656
    Latitude
    42.5444238

    Comparable in this City

    • $9 SF/Yr
      9,200 SF

      Free Standing Industrial Facility

      9,200 SF freestanding industrial building with truckwell, expansion possibilities.
      17605 Helro Dr, Fraser, MI 48026
      View Details
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      Renovated Flex Space with Office

      4,800 SF flex space with office and grade-level door.
      33155 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • $7 SF/Yr
      15,720 SF

      Fraser Warehouse Space Available

      15,720 square foot warehouse space for lease in Fraser.
      33835 Kelly Rd, Fraser, MI 48026
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    • $8 SF/Yr
      5,130 SF

      Fraser Warehouse Space Available

      5,130 SF warehouse space for lease in Fraser, Michigan.
      17560 Helro, Fraser, MI 48026
      View Details
    • Contact for pricing

      Fraser Warehouse with Office Space

      Warehouse with additional office space available for lease.
      17505 Helro Dr, Fraser, MI 48026
      View Details
    • Contact for pricing

      Versatile Space on Groesbeck Highway

      Adaptable commercial space suitable for office, retail, medical, or warehouse.
      33080-33196 Groesbeck Hwy, Fraser, MI 48026
      View Details

    Similar Nearby for Sale

    • $1,225,000
      15,440 SF

      Fraser Warehouse Investment Opportunity

      15,440 SF Industrial Warehouse For Sale
      34195 Riviera Dr, Fraser, MI 48026
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    • $499,000

      Fraser Industrial Building For Sale

      5,089 SF industrial building with fenced lot in Fraser.
      33417 Kelly Rd, Fraser, MI 48026
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    • $2,500,000

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 27,840 SF with yard space.
      32637 Groesbeck Hwy, Fraser, MI 48026
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      51,842 SF

      Fraser Warehouse Property for Sale

      51,842 SF warehouse/industrial property in Fraser, Michigan.
      31985 Groesbeck Hwy, Fraser, MI 48026
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    • Contact for pricing
      82,000 SF

      Fraser Industrial Opportunity

      82,000 SF industrial space available for sale or lease.
      34800 Bennett Dr, Fraser, MI 48026
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    Similar Nearby for Lease

    • $9 SF/Yr
      9,200 SF

      Free Standing Industrial Facility

      9,200 SF freestanding industrial building with truckwell, expansion possibilities.
      17605 Helro Dr, Fraser, MI 48026
      View Details
    • Contact for pricing

      Fraser Warehouse with Office Space

      Warehouse with additional office space available for lease.
      17505 Helro Dr, Fraser, MI 48026
      View Details
    • Contact for pricing

      Versatile Space on Groesbeck Highway

      Adaptable commercial space suitable for office, retail, medical, or warehouse.
      33080-33196 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing
      3,107 SF

      Fraser Warehouse with Groesbeck Frontage

      3,107 SF warehouse/manufacturing space with office for lease.
      33755-33789 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing

      Retail Space with Warehouse

      Retail space with warehouse area, available January 1, 2026.
      32064 Utica Rd, Fraser, MI 48026
      View Details
    • Contact for pricing
      14,400 SF

      Fraser Warehouse with Expansion Potential

      14,400 SF warehouse on 1.12 acres, expansion possible.
      33891 Doreka, Fraser, MI 48026
      View Details
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    Fraser, MI 48026
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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.

    More about this property
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