Commercial Flex Storage
11-2050 Northwoods Ave Muskegon, MI 49442
For Sale
$179,500
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 Market26
Property Features for 11-2050 Northwoods Ave
General Information
- Standard status
- Active
- Size
- 2,040 SF
Listing Agency:
RE/MAX West
(231) 903-5533
Listed By:
Renee Kirksey
(231) 903-5533
Source:
Exprealty
Added: Jun 28
Changed: Jul 22
Last Checked: Jul 23 at 1:09PM
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
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 For Flex RnD
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 | $14.0k | $6.84 |
| − Vacancy | −$405 | −$0.20 |
| EGI | $13.5k | $6.64 |
| − OpEx | −$4.7k | −$2.32 |
| NOI | $8.8k | $4.32 |
2,040 SF · lease $6.84/SF/yr · vacancy 2.90% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
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
