Four-Unit Storefront
For Sale
$479,900
125 Davis Street, Vicksburg, MI 49097
Fully occupied four-unit commercial storefront building with one tenant operating 20+ years and commercial corridor zoning.
Property Size5,050 SF
Price / SF$95.03
Days on Market32
Property Features for 125 Davis Street
General Information
Standard status
Active
Size
5,050 SF
Property subtype
General Commercial
Zoning
commercial corridor
Occupancy
100%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,400
Amenities
30 Parking Spaces.
100 x 579 x 84 x 568
Building Details
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 344-8599
Listed By:
Ryan Rider · License #6501273398
Source:
Xome
Added: Jul 23
Changed: Aug 23
Last Checked: Aug 23 at 6:53AM
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 Berkshire Hathaway HomeServices MI
Investment Insights
Based on property information with market context.
Four-unit storefront commercial building built in 2004, currently fully occupied with one tenant that has been in place for 20+ years. The property is described as well maintained and includes separate utilities by unit.
The building sits on a nearly acre site with frontage on four roads, creating strong visibility. Parking is described as plentiful.
The commercial corridor zoning supports flexibility, including the option to expand the existing building footprint or build something else. The property could also be split into a separate parcel, depending on the buyer’s development plan.
The building sits on a nearly acre site with frontage on four roads, creating strong visibility. Parking is described as plentiful.
The commercial corridor zoning supports flexibility, including the option to expand the existing building footprint or build something else. The property could also be split into a separate parcel, depending on the buyer’s development plan.
Key Highlights
- Fully occupied four‑unit storefront building built in 2004
- One tenant in place for 20+ years
- Nearly acre site with frontage on four roads
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
$34,827
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
7.26%
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%
$696,540
$696.5K
Cap Rate 7%
$497,529
$497.5K
Cap Rate 9%
$386,967
$387.0K
Market Conditions
NOI Build-Up for 5,050 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
$60.6K $12.00/SF
− Vacancy
−$10.8K −$2.15/SF
EGI
$49.8K $9.85/SF
− OpEx
−$14.9K −$2.96/SF
NOI
$34.8K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /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%
$696,540
Cap Rate 7%
$497,529
Cap Rate 9%
$386,967
Alternative Uses
Best Use
Retail
$497.5K
$435.3K – $580.5K
NOI $34,827 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,504 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 43%
Dining 11%
Family Fare
Groceries
14,417 visits/mo
0.2 miles
Dollar General
Shops & Services
7,653 visits/mo
0.2 miles
Speedway
Shops & Services
6,256 visits/mo
0.3 miles
Hungry Howie's Pizza
Dining
2,435 visits/mo
0.2 miles
SUBWAY
Dining
1,218 visits/mo
0.2 miles
Demographics for 49097, MI
11,353
Population
4,861
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
70.0 sq mi
ZIP Area
162
Density / Sq Mi
$82,051
Median Household Income
$52,585
Median Earnings
$933
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied four-unit commercial storefront building with one tenant operating 20+ years and commercial corridor zoning.
Where is this storefront property located?
The property is located at 125 Davis Street Vicksburg, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully occupied four‑unit storefront building built in 2004; One tenant in place for 20+ years; Nearly acre site with frontage on four roads
