1025 Pyle Dr Kingsford, MI 49802
For Sale
$1,200,000
15,260 sq ft industrial facility on 2 acres.
Property Size15,260 SF
Lot Size2.00 Acres
Price / SF$78.64
Days on Market48
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
Listing Agency:
(906) 774-8570
Listed By:
Ryan
(906) 774-8570
Added: Jun 10
Financial Insights For Warehouse
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 | $112.2k | $7.35 |
| − Vacancy | −$4.9k | −$0.32 |
| EGI | $107.2k | $7.03 |
| − OpEx | −$16.1k | −$1.05 |
| NOI | $91.1k | $5.97 |
15,260 SF · lease $7.35/SF/yr · vacancy 4.40% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Kodiak Storage — 1395 Pyle Dr, Kingsford, MI 49802
- Kodiak Storage — N Hooper St, Kingsford, MI 49802
- U-Haul — 1395 Pyle Dr, Kingsford, MI 49802
- Ride North — 500 s carpenter ave, kingsford, mi 49802
FAQs
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.
