6998 US2 Gladstone, MI 49837
Turn-key party store with high visibility and growth opportunities.
- Added:
- Sep 25, 2024
- Days on Market:
- 656
- Last Refresh:
- May 13 at 8:37 pm
Property Features for 6998 US2
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.29 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1977
Listing office STEPHENS REAL ESTATE (906) 774-8570
Listing date Sep 25, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of STEPHENS REAL ESTATE
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location with excellent visibility and high traffic.
- Turn‑key business with a strong reputation and steady customer base.
- Huge growth potential through expanded product offerings and marketing.
Local Financial Insights For Specialty Retail
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 | $27.0k | $18.00 |
| − Vacancy | −$702 | −$0.47 |
| EGI | $26.3k | $17.53 |
| − OpEx | −$6.6k | −$4.38 |
| NOI | $19.7k | $13.15 |
