Industrial Building in Green
240 Watts Road Jackson, MI 49203
For Sale
$450,000
COMMERCIAL - Jackson, MI
Property Size3,800 SF
Lot Size0.70 Acres
Price / SF$118.42
Days on Market116
Property Features for 240 Watts Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 10
- Interior features
- Broadband
- Standard status
- Active
- APN
- 000-09-31-402-002-00
- Size
- 3,800 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEC 31 T25 R1 E
- Tax Annual Amount
- 2124
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Space Heater
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Metal Siding
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
GEORGE PIERSON · License #6501344130
(517) 740-8910
Added: Mar 31
Changed: Apr 15
Last Checked: Jul 24 at 12:06PM
MLS# 26012795
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.
This 3,800 square foot industrial building is located in Jackson, Michigan. The property is situated within a green zone and includes an instant-gas hot water heater and a full bathroom with an oversized shower. The property is secured with chain link fencing and an electric gate. New high-speed cable has been installed. The 0.7-acre lot is suitable for various uses, including AI or computer-related work.
Key Highlights
- 3,800 sqFt Industrial Building
- Green Zone Designation
- Chain Link Fenced Property with Electric Gate
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $16.20 |
| − Vacancy | −$6.6k | −$1.75 |
| EGI | $54.9k | $14.45 |
| − OpEx | −$19.2k | −$5.06 |
| NOI | $35.7k | $9.39 |
3,800 SF · lease $16.20/SF/yr · vacancy 10.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$509.9K
$446.2K – $594.9K
NOI $35,692 @ 7.0% cap · market cap 7.93%
Second Best
Industrial
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,463 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 3,800 sqft industrial building in Jackson, Michigan for sale.
Where is this flex space located?
The property is located at 240 Watts Road Jackson, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,800 sqFt Industrial Building; Green Zone Designation; Chain Link Fenced Property with Electric Gate
