Northside Office
13464 Preston Drive 250, Marshall, MI 49068
For Sale
Contact for pricing
Professional or retail users have access to parking and a common restroom within the building.
Property Size1,500 SF
Price / SF$0.01
Days on Market58
Property Features for 13464 Preston Drive 250
General Information
Standard status
Size
Amenities
common rest room
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed By:
Michael J Caron · License #6501403351
(269) 317-2594
Source:
Brendaharrisgroup
Added: Sep 13
Changed: Nov 2
Last Checked: Nov 8 at 5:11AM
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 Berkshire Hathaway HomeServices Michigan Real Estate
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit occupies the north side of the building at 13464 Preston Drive, Suite 250, in Marshall, Michigan. The space includes access to a common restroom and is positioned within a building offering both above-grade and below-grade parking.
An adjoining 1,300-square-foot area is available for finish-out when additional space is needed. The property information identifies the suite as suitable for professional services, office use, or retail, providing flexibility for a range of commercial occupants.
An adjoining 1,300-square-foot area is available for finish-out when additional space is needed. The property information identifies the suite as suitable for professional services, office use, or retail, providing flexibility for a range of commercial occupants.
Key Highlights
- 1,500 SF office unit on the north side of the building
- Above‑grade and below‑grade parking
- Common restroom serving the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,525
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,500
$330.5K
Cap Rate 7%
$236,071
$236.1K
Cap Rate 9%
$183,611
$183.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$25.6K $17.04/SF
− Vacancy
−$3.5K −$2.35/SF
EGI
$22.0K $14.69/SF
− OpEx
−$5.5K −$3.67/SF
NOI
$16.5K $11.02/SF
Area
Calhoun County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,500
Cap Rate 7%
$236,071
Cap Rate 9%
$183,611
Alternative Uses
Best Use
Office B
$236.1K
$206.6K – $275.4K
NOI $16,525 @ 7.0% cap · market cap 118,035.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 157,821.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
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Business Placement
Demographics for 49068, MI
14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Calhoun County, MI
Properties on Market for Office Units in Calhoun County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Professional or retail users have access to parking and a common restroom within the building.
Where is this office unit located?
The property is located at 13464 Preston Drive 250 Marshall, MI.
What are key features of this property?
This property features: 1,500 SF office unit on the north side of the building; Above‑grade and below‑grade parking; Common restroom serving the suite
