Building Details

Building Size 6,105 SF

Year Built 2000

Buildings 1

Listing Agency: Keller Williams First

Listed By: Lynn M Mattila · License #123055 Show Phone

Source: Buskardgroup

Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:13PM

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Investment Insights

Based on property information with market context.

This 6,105-square-foot standalone flex facility sits on 1.77 acres and includes a 5,000-square-foot warehouse divided into two sections. The insulated workspace has upgraded LED lighting, radiant tube heat in one section, three 8-foot overhead doors, and an 8-foot clear height with a central partition reaching 14 feet 9 inches. A separate 1,500-square-foot office area includes a lobby, two private offices, a full kitchen, and a bathroom, with dedicated HVAC. The property has 400-amp electrical service and city water and sewer.

Zoned Industrial, the site is located at 10460 N Holly Road in Holly, Michigan. Built in 2000, the facility brings warehouse and office functions together on a single parcel.

Key Highlights

• 6,105‑square‑foot facility on 1.77 acres
• 5,000‑square‑foot warehouse divided into two sections
• 1,500‑square‑foot office area with lobby, two private offices, kitchen, and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,730

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,600 $734.6K

Cap Rate 7%

$524,714 $524.7K

Cap Rate 9%

$408,111 $408.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,105 SF

Gross rent

$44.9K $7.35/SF

− Vacancy

−$1.7K −$0.27/SF

EGI

$43.2K $7.08/SF

− OpEx

−$6.5K −$1.06/SF

NOI

$36.7K $6.02/SF

Area

Oakland County, MI

Vacancy

3.70%

Lease Rate

$7.35 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,600

Cap Rate 7%

$524,714

Cap Rate 9%

$408,111

Alternative Uses

Best Use

Flex RnD

$902.0K

$789.3K – $1.05M (±1% cap)

NOI $63,143 @ 7.0% cap · market cap 10.54%

Second Best

Warehouse

$524.7K

$459.1K – $612.2K (±1% cap)

NOI $36,730 @ 7.0% cap · market cap 6.13%

Theoretical Best

Specialty Retail

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,176 @ 7.0% cap · market cap 15.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Metropoulos Amplification Association Or Organization

Suggested Use

Top Pick Building Supply Plumbing Service Big Box & Wholesale Store HVAC Service Auto Parts Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8 ft

Clear height

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48442, MI

21,803

Population

9,722

Households

2.2

Avg Household Size

42

Median Age

29%

College-Educated

94%

High-School Grad

85.9 sq mi

ZIP Area

254

Density / Sq Mi

$80,281

Median Household Income

$50,769

Median Earnings

$1,243

Median Rent

$252,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial-zoned property combines warehouse space, dedicated office areas, loading doors, and 400-amp electrical service.

Where is this flex space located?

The property is located at 10460 N Holly Road Holly, MI.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 6,105‑square‑foot facility on 1.77 acres; 5,000‑square‑foot warehouse divided into two sections; 1,500‑square‑foot office area with lobby, two private offices, kitchen, and bathroom