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Property profile & analytics
OFF-MARKET Estimated value $5,010,000
Flex space

5775 10th Mile Rd Warren, MI 48091-1590

89,000 SF 8.26 ac lot Built 1956
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US43-1324291
Property summary
AI-generated overview

This exceptional 88,857-square-foot warehouse, located at 5775 E. Ten Mile Rd in Warren, Michigan, presents a compelling value-add investment opportunity. Situated on an 8.2-acre lot, this single-story building boasts 30'-33' ceiling heights, providing ample space for various industrial uses. Built in 1956 and renovated in 1996, the property is zoned M-2 and offers 53 parking spaces. Currently vacant, this property presents a blank canvas for redevelopment or repositioning. The property's history includes a long-term tenant, Paragon Technologies, which operated from this location as their headquarters. The below-replacement cost makes this a particularly attractive investment. The absolute net lease structure minimizes landlord responsibilities, and the property's location in a desirable infill area offers significant potential for future growth and expansion. The substantial lot size also allows for potential expansion of the existing building. This is a rare opportunity to acquire a significant industrial asset in a strong Michigan market. The property's address is 5775 E. Ten Mile Rd, Warren, MI 48091, with APN 12-13-20-477-020. Further details are available upon request.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1956
Total area 89,000 SF
Lot 8.26 ac (360,023 SF)
Zoning code M-2
APN 12-13-20-477-020
UPID US43-1324291
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
  • Paragon Technologies Electronics & Wireless Store Computer & Electronic Repair
  • Perfection Servo General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.01M
Blend (final) Blend
$5.01M
Owner & transaction history
Ub LLC · 13 yrs held
Ub LLC
since 2012
7 recorded transactions
2025
Price N/A
2016
Price N/A
2012
Price N/A
2012
Price N/A
2008
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $7.7M +65.8%
Medical building $7.2M +54.8%
Auto repair, garage $6.9M +49.6%
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