Turn-Key Industrial Flex
For Sale
$1,250,000
5943 N Michigan Rd, Dimondale, MI 48821
Turn-key industrial flex property with full power, an overhead door, and professional office and reception space.
Property Size12,554 SF
Days on Market36
Property Features for 5943 N Michigan Rd
General Information
Standard status
Active
Size
12,554 SF
Property subtype
Other
Building Details
Building Size
12,554 SF
Year Built
1993
Listing Agency:
Coldwell Banker Professionals
(517) 230-9678
Listed By:
Lisa Allen-Kost · License #6501365317
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 29 at 6:33AM
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 Coldwell Banker Professionals
Investment Insights
Based on property information with market context.
This turn-key industrial flex building is configured for warehouse storage and distribution, currently operating as the home of USA Insulation. The space includes full power, an overhead door, and a professional office and reception area, supporting both day-to-day operations and customer-facing needs.
The property is located close to I-96 and I-127, providing convenient access for distribution and logistics operations.
Offered for sale (and previously described as available for lease), the building’s combination of warehouse functionality and on-site office/reception space makes it suitable for users looking for a streamlined, ready-to-operate industrial setup.
The property is located close to I-96 and I-127, providing convenient access for distribution and logistics operations.
Offered for sale (and previously described as available for lease), the building’s combination of warehouse functionality and on-site office/reception space makes it suitable for users looking for a streamlined, ready-to-operate industrial setup.
Key Highlights
- Turn‑key industrial flex property built in 1993
- 12554 SF industrial space currently used as USA Insulation
- Full power and an overhead door for warehouse storage and distribution
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
$74,980
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
6.00%
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%
$1,499,600
$1.5M
Cap Rate 7%
$1,071,143
$1.1M
Cap Rate 9%
$833,111
$833.1K
Market Conditions
NOI Build-Up for 12,554 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
$92.3K $7.35/SF
− Vacancy
−$4.1K −$0.32/SF
EGI
$88.2K $7.03/SF
− OpEx
−$13.2K −$1.05/SF
NOI
$75.0K $5.97/SF
Area
Eaton County, MI
Vacancy
4.40%
Lease Rate
$7.35 /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%
$1,499,600
Cap Rate 7%
$1,071,143
Cap Rate 9%
$833,111
Alternative Uses
Best Use
Warehouse
$1.07M
$937.3K – $1.25M
NOI $74,980 @ 7.0% cap · market cap 6.00%
Second Best
Flex RnD
$1.04M
$913.3K – $1.22M
NOI $73,066 @ 7.0% cap · market cap 5.85%
Theoretical Best
Multifamily LT 5
$144.53M
$126.46M – $168.62M
NOI $10,117,139 @ 7.0% cap · market cap 809.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48821, MI
5,987
Population
2,591
Households
2.3
Avg Household Size
51
Median Age
36%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
301
Density / Sq Mi
$103,652
Median Household Income
$57,222
Median Earnings
$1,003
Median Rent
$237,700
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?
Flex space - Turn-key industrial flex property with full power, an overhead door, and professional office and reception space.
Where is this flex space located?
The property is located at 5943 N Michigan Rd Dimondale, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turn‑key industrial flex property built in 1993; 12554 SF industrial space currently used as USA Insulation; Full power and an overhead door for warehouse storage and distribution
