Warehouse
For Sale
$499,000
Pending
14043 Fulton Street E, Lowell, MI 49331
Commercial Sale, Lowell, MI
Property Size5,606 SF
Lot Size9.75 Acres
Days on Market134
Property Features for 14043 Fulton Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Lowell
Middle school district
Lowell
High school district
Lowell
Standard status
Pending
APN
41-20-01-200-003
Size
5,606 SF
Lot size
9.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 330 FT OF SW 1/4 NE 1/4 N OF STL M21 * SEC 1 T6N R9W 9.75 A.
Tax Annual Amount
2414
Legal Description
W 330 FT OF SW 1/4 NE 1/4 N OF STL M21 * SEC 1 T6N R9W 9.75 A.
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
new water heater
accessibility features
Building Details
Year built
1986
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
Greenridge Realty (Summit)
(616) 365-8900
Listed By:
Barry D Kaufman
(740) 475-7382
Added: Apr 29
Changed: Sep 7
Last Checked: Sep 9 at 9:06PM
MLS# 26019613
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 5606-square-foot warehouse building situated on 9.75 acres. Built in 1986, the structure has vinyl siding, forced-air heating, central air conditioning, two bathrooms, accessibility features, and a new water heater. The site is served by a well and septic tank, with cable available.
Located at 14043 Fulton Street E in Lowell, the property offers a substantial commercial site in Kent County. Its warehouse configuration and large land component provide flexibility for ongoing operations or future site planning, without relying on unsupported use assumptions. The building’s existing mechanical systems and utility services support its current commercial function.
Located at 14043 Fulton Street E in Lowell, the property offers a substantial commercial site in Kent County. Its warehouse configuration and large land component provide flexibility for ongoing operations or future site planning, without relying on unsupported use assumptions. The building’s existing mechanical systems and utility services support its current commercial function.
Key Highlights
- 5606‑square‑foot warehouse building on 9.75 acres
- Built in 1986 with vinyl siding
- Central air conditioning and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$636,660
$636.7K
Cap Rate 7%
$454,757
$454.8K
Cap Rate 9%
$353,700
$353.7K
Market Conditions
NOI Build-Up for 5,606 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.6K $6.88/SF
− Vacancy
−$1.1K −$0.20/SF
EGI
$37.5K $6.68/SF
− OpEx
−$5.6K −$1.00/SF
NOI
$31.8K $5.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$636,660
Cap Rate 7%
$454,757
Cap Rate 9%
$353,700
Alternative Uses
Best Use
Warehouse
$454.8K
$397.9K – $530.6K
NOI $31,833 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.3K – $1.17M
NOI $70,187 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49331, MI
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse improvements include well and septic service, central air, forced-air heat, and two bathrooms.
Where is this warehouse located?
The property is located at 14043 Fulton Street E Lowell, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5606‑square‑foot warehouse building on 9.75 acres; Built in 1986 with vinyl siding; Central air conditioning and forced‑air heating
