Howell Township Flex Warehouse
1800 N Burkhart Rd Howell, MI 48855
1800 N Burkhart Rd, Howell, MI, 48855
$3,150,000
For Sale
$3,150,000
28,000 sq ft flex space near I-96/M-59 interchange.
Property Size28,000 SF
Price / SF$112.50
Days on Market68
Property Features for 1800 N Burkhart Rd
General Information
- Standard status
- Active
- Size
- 28,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing agency
Preview Properties PC
(810) 227-5500
Listed by
Scott Bohlen · License #6501305767
(810) 227-5500
Source
Elliman
Added: May 15 Updated: Jul 10 at 3:58PM Checked: Jul 21 at 8:11AM
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 Preview Properties PC
Investment Insights
Based on property information with market context.
This 28,000 sq ft commercial flex space is located in Howell Township, minutes from the I-96/M59 interchange. The building features a mix of 26’ and 16’ ceiling heights, suitable for high-bay storage and activities requiring elevated ceiling heights. The Industrial Flex zoning allows a variety of permitted potential uses, with additional uses possible via a special use permit. Currently, the building includes a commercial kitchen. There are 54 parking spaces, with room for expansion. The property is somewhat bikeable with a bike score of 31 and car-dependent with a walk score of 21.
Key Highlights
- 28,000 sq ft commercial/warehouse/industrial flex space.
- Located minutes from the I‑96/M59 interchange.
- Mix of 26’ and 16’ ceiling heights suitable for high‑bay storage and other activities.
Local Financial Insights For Warehouse
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 | $252.0k | $9.00 |
| − Vacancy | −$11.1k | −$0.40 |
| EGI | $240.9k | $8.60 |
| − OpEx | −$36.1k | −$1.29 |
| NOI | $204.8k | $7.31 |
28,000 SF · lease $9.00/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.93M
$2.56M – $3.41M
NOI $204,775 @ 7.0% cap · market cap 6.50%
Second Best
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,565 @ 7.0% cap · market cap 5.54%
Theoretical Best
Healthcare Medical
$4.46M
$3.90M – $5.20M
NOI $312,198 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Take Flight Child ...
Daycare Center
Castaway Play Cafe
Resort
Slay Nights - Michigan ...
Haunted House
Similar For Sale Nearby
Similar Off Market Nearby
- Sup Dogs LLC — 1475 N Burkhart Rd, Howell, MI 48855
FAQs
What type of property is this?
Flex space - 28,000 sq ft flex space near I-96/M-59 interchange.
Where is this flex space located?
The property is located at 1800 N Burkhart Rd Howell, MI.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 28,000 sq ft commercial/warehouse/industrial flex space.; Located minutes from the I‑96/M59 interchange.; Mix of 26’ and 16’ ceiling heights suitable for high‑bay storage and other activities.
