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Freestanding Building For Sale/Lease

10775 Dixie Hwy Davisburg, MI 48350

10775 Dixie Hwy, Davisburg, MI, 48350
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For Sale
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2,950 SF freestanding building available for sale or lease.

Property Size2,950 SF
Price / SF$118.31
AddedNov 21, 2023
Days on Market968
Last RefreshJul 15 at 4:11 pm

Property Features for 10775 Dixie Hwy

General Information

Standard status
Active
Size
2,950 SF
Property subtype
Retail

Listing office NAI Farbman Southfield

Listing date Nov 21, 2023

Source Crexi

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 NAI Farbman Southfield


Investment Insights

Based on property information with market context.

This is a 2,950 square foot freestanding building available for sale or lease.

Key Highlights

  • 2,950 SF Freestanding Building
  • For Sale/Lease

Local Financial Insights For 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 $49.6k $16.80
− Vacancy −$4.2k −$1.43
EGI $45.3k $15.37
− OpEx −$13.6k −$4.61
NOI $31.7k $10.76
2,950 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$453.5K
$396.8K – $529.1K (±1% cap)
NOI $31,743 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$636.3K
$556.8K – $742.3K (±1% cap)
NOI $44,540 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

ATM Atm

Suggested Use

Real Estate Agency Big Box & Wholesale Store Restaurant HVAC Service Auto Repair Shop Building Supply Storage Facility Grocery & Convenience Store Pharmacy Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - 2,950 SF freestanding building available for sale or lease.
Where is this retail space located?
The property is located at 10775 Dixie Hwy Davisburg, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,950 SF Freestanding Building; For Sale/Lease
Contact an agent
(248) 351-4367 Call to check price and availability
More about this property
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