For Sale
$1,200,000
1025 Pyle Dr, Kingsford, MI 49802
15,260 sq ft industrial facility on 2 acres.
Property Size15,260 SF
Lot Size2.00 Acres
Price / SF$78.64
Days on Market143
Property Features for 1025 Pyle Dr
General Information
Standard status
Active
Property type
Warehouses, Flex space, Office Units, Industrial properties, Office Spaces
Size
15,260 SF
Total Parking Spaces
100
Lot size
2.00 Acres
Investment Type
Owner User
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listed By:
Ryan Gordon
(906) 774-8570
Added: Jun 10
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,142
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,840
$1.8M
Cap Rate 7%
$1,302,029
$1.3M
Cap Rate 9%
$1,012,689
$1.0M
Market Conditions
NOI Build-Up for 15,260 SF
Gross rent
$112.2K $7.35/SF
− Vacancy
−$4.9K −$0.32/SF
EGI
$107.2K $7.03/SF
− OpEx
−$16.1K −$1.05/SF
NOI
$91.1K $5.97/SF
Area
Dickinson County, MI
Vacancy
4.40%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,840
Cap Rate 7%
$1,302,029
Cap Rate 9%
$1,012,689
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,894 @ 7.0% cap · market cap 13.41%
Second Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,142 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,944 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49802, MI
6,197
Population
2,768
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
96%
High-School Grad
7.9 sq mi
ZIP Area
784
Density / Sq Mi
$61,067
Median Household Income
$37,633
Median Earnings
$861
Median Rent
$109,300
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 Office in Midwest region
Similar Off Market Nearby
- Kodiak Storage — N Hooper St, Kingsford, MI 49802
- Ride North — 500 s carpenter ave, kingsford, mi 49802
- Kodiak Storage — 1395 Pyle Dr, Kingsford, MI 49802
- U-Haul — 1395 Pyle Dr, Kingsford, MI 49802
Frequently Asked Questions
What type of property is this?
Warehouse - 15,260 sq ft industrial facility on 2 acres.
Where is this warehouse located?
The property is located at 1025 Pyle Dr Kingsford, MI.
What is the asking price?
The asking price for this property is $1,200,000.
