6658 River Rd, Marine City, MI
Retail property located near Lake St. Clair and shopping.
- Added:
- Apr 25, 2023
- Days on Market:
- 1147
- Last Refresh:
- May 20 at 8:59 pm
Property Features for 6658 River Rd
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 1.66 Acres
- Property subtype
- RETAIL
Listing agent Harry Cohn License #07986251 (248) 818-0010
Listing office SVN-Cohn Commercial Properties (248) 818-0010
Listing date Apr 25, 2023
Source Moodyscre
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 SVN-Cohn Commercial Properties
HighLights
- Minutes from Lake St. Clair
- Positioned in front of busy shopping center
Overview
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 | $51.2k | $18.96 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $49.9k | $18.47 |
| − OpEx | −$15.0k | −$5.54 |
| NOI | $34.9k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marine City
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.506
- Latitude
- 42.6981
