Mixed-Use Building with
For Sale
$674,900
11522 Davis St, Grand Blanc, MI 48439
Downtown corner property combines commercial space, a leased apartment, parking, and separate entrances.
Property Size3,294 SF
Price / SF$204.89
Days on Market43
Property Features for 11522 Davis St
General Information
Standard status
Active
Size
3,294 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1920
Listing Agency:
The Sedlarik Group Realty LLC
(248) 846-3246
Listed By:
Tommy McHale · License #6501387823
Source:
Katie-k
Added: Jul 19
Changed: Aug 30
Last Checked: Aug 25 at 4:57AM
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 The Sedlarik Group Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,294 square feet of commercial and residential space on two parcels combined into one site. The main level features a large open layout with multiple elevations, substantial storage, two separate basements, and a partially finished basement area. Two interior lower-level walls are non-load-bearing, and plumbing is installed beneath the northeast corner for additional bathrooms. Building systems include two newer furnaces, two AC units, and three hot water heaters.
The upper-level residence is a two-bedroom, one-bath apartment with private side entrances, vaulted ceilings, and a balcony accessible from sliding doors in both bedrooms. The apartment is currently leased. Exterior features include a large parking lot, a handicap ramp, and a corner position at Davis Street and Grand Blanc Rd, one street from the main traffic light in downtown Grand Blanc.
The upper-level residence is a two-bedroom, one-bath apartment with private side entrances, vaulted ceilings, and a balcony accessible from sliding doors in both bedrooms. The apartment is currently leased. Exterior features include a large parking lot, a handicap ramp, and a corner position at Davis Street and Grand Blanc Rd, one street from the main traffic light in downtown Grand Blanc.
Key Highlights
- 3,294 SF mixed‑use building on two combined parcels
- Two‑bedroom, one‑bath apartment with private entrances and balcony
- Currently leased upper‑level apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 3,294 SF
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.
Gross rent
$51.0K $15.48/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$48.8K $14.83/SF
− OpEx
−$14.7K −$4.45/SF
NOI
$34.2K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Retail
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 5.07%
Second Best
Mixed Use
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$693.1K
$606.5K – $808.7K
NOI $48,520 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown corner property combines commercial space, a leased apartment, parking, and separate entrances.
Where is this mixed-use property located?
The property is located at 11522 Davis St Grand Blanc, MI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,294 SF mixed‑use building on two combined parcels; Two‑bedroom, one‑bath apartment with private entrances and balcony; Currently leased upper‑level apartment
