Commercial Flex Storage
For Sale
$179,500
11-2050 Northwoods Ave, Muskegon, MI 49442
Newly constructed flex storage units feature 20-foot ceilings, private full bathrooms, and heating and air conditioning.
Property Size2,040 SF
Price / SF$87.99
Days on Market117
Property Features for 11-2050 Northwoods Ave
General Information
Standard status
Active
Size
2,040 SF
Additional Details
Clear Height
20 ft
Taxes and HOA fees
Annual Taxes
$27
Amenities
private full bathroom
heating and air conditioning
epoxy flooring
100-amp electrical service
Listing Agency:
RE/MAX West
(231) 733-1236
Listed By:
Renee Kirksey
(231) 903-5533
Source:
Exprealty
Added: Jun 28
Changed: Oct 7
Last Checked: Oct 21 at 2:41AM
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 RE/MAX West
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Newly constructed flex storage units and recreational caves are offered for sale at 2050 Northwoods Drive in Muskegon. Each unit measures approximately 30' x 68' with 20-foot ceilings and includes a private full bathroom. Interior features include heating and air conditioning, epoxy flooring, and 100-amp electrical service.
Owners can customize their space with options such as mezzanines, ceiling fans, windows, and more, depending on their intended use. These units are positioned for storage, business use, hobbies, recreational vehicles, or personal retreat space, with the flexibility to tailor the interior layout to fit the buyer’s plan.
Owners can customize their space with options such as mezzanines, ceiling fans, windows, and more, depending on their intended use. These units are positioned for storage, business use, hobbies, recreational vehicles, or personal retreat space, with the flexibility to tailor the interior layout to fit the buyer’s plan.
Key Highlights
- Newly constructed commercial flex storage units at 2050 Northwoods Drive in Muskegon
- Each unit is approximately 30' x 68' with 20‑foot ceilings
- Units include a private full bathroom, heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,807
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,140
$176.1K
Cap Rate 7%
$125,814
$125.8K
Cap Rate 9%
$97,856
$97.9K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$14.0K $6.84/SF
− Vacancy
−$405 −$0.20/SF
EGI
$13.5K $6.64/SF
− OpEx
−$4.7K −$2.32/SF
NOI
$8.8K $4.32/SF
Area
Muskegon County, MI
Vacancy
2.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,140
Cap Rate 7%
$125,814
Cap Rate 9%
$97,856
Alternative Uses
Best Use
Warehouse
$339.4K
$297.0K – $396.0K
NOI $23,761 @ 7.0% cap · market cap 13.24%
Second Best
Self Storage
$281.9K
$246.7K – $328.9K
NOI $19,735 @ 7.0% cap · market cap 10.99%
Theoretical Best
Hotel Hospitality
$19.16M
$16.76M – $22.35M
NOI $1,341,040 @ 7.0% cap · market cap 747.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Newly constructed flex storage units feature 20-foot ceilings, private full bathrooms, and heating and air conditioning.
Where is this flex space located?
The property is located at 11-2050 Northwoods Ave Muskegon, MI.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: Newly constructed commercial flex storage units at 2050 Northwoods Drive in Muskegon; Each unit is approximately 30' x 68' with 20‑foot ceilings; Units include a private full bathroom, heating and air conditioning
