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Property profile & analytics
OFF-MARKET
Estimated value
$4,350,000
Industrial properties
5500 Enterprise Ct Warren, MI 48092-3460
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-0207970
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, 53,900 square foot industrial building situated on a 5.1-acre lot in Warren, Michigan. The property, located at 5500 Enterprise Ct, boasts a prime location within Macomb County's Defense Corridor, offering excellent access to major transportation routes and a skilled workforce. Constructed in 1989, the building features a desirable flex/R&D layout, ideal for a variety of uses. The high ceilings, measuring 18 feet, provide ample vertical space for operations and storage. Four loading docks ensure efficient loading and unloading of goods. The property is currently 100% leased to the United States of America, providing a stable and long-term income stream with a significant history of occupancy. This presents a rare chance to acquire a well-maintained, strategically located industrial asset with a strong tenant and a proven track record. The property's size, location, and existing lease make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The zip code is 48092. This is an investment sale.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
52,695 SF
Lot
3.96 ac (172,498 SF)
Zoning code
MZ
APN
12-13-17-229-016
UPID
US43-0207970
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$4.35M
Owner & transaction history
FIRST INDUSTRIAL
FIRST INDUSTRIAL
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+71.5%
Office building
$5.0M
+56.7%
Restaurant
$4.6M
+42.8%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,190,000
Current use
RETAIL STORES
$5,465,000
Change: +71% · Conversion: Moderate
OFFICE BUILDING
$4,995,000
Change: +57% · Conversion: Difficult
RESTAURANT
$4,550,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$4,250,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,110,000
Change: +29% · Conversion: Easy
WAREHOUSE, STORAGE
$3,555,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,435,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±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
$83 / 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
$69,659
Tax year 2022
Assessed value
$1,387,480
Assessed 2023
Previous assessed
$1,384,920
+0.2% YoY
Effective rate
5.02%
On assessed value
Total market value
$2,774,960
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Stories
1
Total area
52,695 SF
Lot
3.96 ac (172,498 SF)
Zoning code
MZ
APN
12-13-17-229-016
UPID
US43-0207970
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MZ · Warren, MI
Zoning MZ · permitted uses
MZ · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Stories
1
Lot
3.96 ac
Current owner
From public records · entity-resolved
FIRST INDUSTRIAL
Individual
Free & Clear · 0 yrs held
Mailing address
30300 TELEGRAPH RD STE #123, BINGHAM FARMS, MI 48025-4508
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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