Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1184 S Belsay Rd Burton, MI 48509

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    Three-unit commercial property in high-traffic area with expressway access.

    Property size:
    4,912 SF
    Lot size:
    0.57 Acres

    Property Features for 1184 S Belsay Rd

    General Information

    Standard status
    Active
    Size
    4,912 SF
    Lot size
    0.57 Acres

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Michael W Sanford
    Source: Exitrealty

    Listing Agency: Allstate Properties.com Listing Agent: Michael W Sanford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fully Rented Commercial Property

    This fully rented, three-unit commercial property is located in a high-traffic area and offers convenient access to the expressway. The property provides an opportunity for investors looking to capitalize on a bustling location. The property's location ensures a steady flow of customers and clients.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.5959001
    Latitude
    43.0139808

    Nearby Similar for Sale

    • $280,000
      3,560 SF

      Commercial Building in Prime Corridor

      3,500 SF commercial building with high visibility and flexibility.
      4277 S Saginaw St, Burton, MI 48529
      View Details
    • $199,900
      2,254 SF

      Former Restaurant Building For Sale

      Former restaurant in high-traffic area with drive-through and land contract.
      3095 S Dort Hwy, Burton, MI 48529
      View Details
    • $84,999
      2,080 SF

      Spacious Warehouse in Burton, Michigan

      Warehouse with new roof, optimized for storage in Burton.
      32005 Berent St, Burton, MI 48529
      View Details
    • $895,000
      7,400 SF

      4086 Davison, Burton MI - Inspire Canna

      Operating Dispensary for Sale Inspire Canna
      4086 Davison Rd, Burton, MI 48509
      View Details
    • $1,200,000
      7,330 SF

      Established Laundromat in Prime Location

      Well-established laundromat near major highways with strong customer base.
      2247 Center Rd S, Burton, MI 48519
      View Details
    • $457,900

      Established Auto Service Business

      Successful auto service business for sale in high-visibility location.
      G-4112 S Dort Hwy, Burton, MI 48507
      View Details
    • $325,000

      Mixed-Use Property on Center Rd

      Versatile mixed-use building with office and workshop space for sale.
      3374 S Center Rd, Burton, MI 48519
      View Details
    • $690,000

      Commercial Building with Loading Dock

      6000 sq ft commercial building with office and storage.
      3332 E Bristol Rd, Burton, MI 48529
      View Details
    • $1,200,000

      Established Laundromat in Prime Location

      Well-established laundromat for sale in a high-traffic location.
      2247 S Center Rd, Burton, MI 48519
      View Details
    • $104,999

      Freestanding Building with Drive-Thru

      Former restaurant with drive-thru, suitable for various retail uses.
      3043 S Dort Hwy, Burton, MI 48529
      View Details
    • $149,900

      Commercial Building on High-Traffic Road

      Well-maintained commercial building suitable for various professional uses.
      5204 Davison Rd, Burton, MI 48509
      View Details
    • $199,900

      Former Restaurant Building For Sale

      Former Wendy's restaurant in high-traffic area with drive-through.
      3095 S Dort Hwy, Burton, MI 48529
      View Details

    FAQs

    What type of property is this?
    Strip mall - Three-unit commercial property in high-traffic area with expressway access.
    Where is this strip mall located?
    The property is located at 1184 S Belsay Rd Burton, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Fully rented 3-unit commercial property; - Strategic location in a high-traffic area offering excellent visibility; - Easy access to the expressway
    (810) 577-7867
    Request Owner's contact information
    1184 S Belsay Rd Burton, MI 48509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1184 S Belsay Rd
    Burton, MI 48509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1184 S Belsay Rd Burton, MI 48509
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael W Sanford
    Real Estate License ID: 123580
    (810) 577-7867 (810) 653-7500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!