Industrial Property in Jackson,
For Sale
$2,340,000
1610 E High St, Jackson, MI 49203
Well-maintained industrial property with warehouse and office space for sale.
Property Size22,000 SF
Price / SF$106.36
Days on Market261
Property Features for 1610 E High St
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Industrial
Building Details
Year Built
1999
Listing Agency:
(517) 599-6846
Listed By:
Dave Robinson
(517) 599-6846
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 9 at 5:13AM
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 Dave Robinson
Investment Insights
Based on property information with market context.
Located in the industrial area of southeast Jackson, Michigan, at the corner of High Street and Elm Avenue, this property was formerly known as EESCO. It is situated near other large industrial properties and offers convenient access to I-94 for east/west travel and US-127 for north/south travel. The property features a 14,500-square-foot warehouse with 24-foot ceilings and a 6,500-square-foot office space. It includes two truck docks, one grade-level overhead door, and 30 parking spaces. The building is equipped with a 600 amp 3-phase service and is fully sprinklered. The property spans 3.75 acres and was specifically built to the tenant's specifications. Owner financing is possible.
Key Highlights
- Excellent location with easy access to I‑94 and US‑127
- 14,500 SF warehouse featuring 24' ceilings
- Owner financing possible
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
$185,597
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
7.93%
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%
$3,711,940
$3.7M
Cap Rate 7%
$2,651,386
$2.7M
Cap Rate 9%
$2,062,189
$2.1M
Market Conditions
NOI Build-Up for 22,000 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
$242.9K $11.04/SF
− Vacancy
−$24.5K −$1.12/SF
EGI
$218.3K $9.92/SF
− OpEx
−$32.8K −$1.49/SF
NOI
$185.6K $8.44/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
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%
$3,711,940
Cap Rate 7%
$2,651,386
Cap Rate 9%
$2,062,189
Alternative Uses
Best Use
Warehouse
$2.65M
$2.32M – $3.09M
NOI $185,597 @ 7.0% cap · market cap 7.93%
Second Best
Industrial
$2.18M
$1.91M – $2.55M
NOI $152,844 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,837 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained industrial property with warehouse and office space for sale.
Where is this warehouse located?
The property is located at 1610 E High St Jackson, MI.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: Excellent location with easy access to I‑94 and US‑127; 14,500 SF warehouse featuring 24' ceilings; Owner financing possible
