Light Industrial Flex
For Sale
$169,900
1570 Michigan Avenue, Marysville, MI 48040
Functional commercial space suited to small-business and contractor operations in Marysville.
Property Size2,615 SF
Days on Market54
Property Features for 1570 Michigan Avenue
General Information
Standard status
Active
Size
2,615 SF
Property subtype
Commercial
Zoning
Light Industrial
Taxes and HOA fees
Annual Taxes
$3,748
Building Details
Building Size
2,615 SF
Year Built
1920
Listing Agency:
Epique Realty
(810) 305-3456
Listed By:
Cory Shivers
Source:
Buyatthelake
Added: Jul 9
Changed: Aug 30
Last Checked: Jul 5 at 7:17PM
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 Epique Realty
Investment Insights
Based on property information with market context.
This light industrial flex property at 1570 Michigan Avenue provides a practical commercial setting for small-business and contractor operations. The property record identifies an original construction year of 1920 and positions the asset within Marysville’s commercial environment.
The site offers access to Marysville and Port Huron, supporting operations that serve both communities. Exterior dimensions are listed as 113x156. The property is offered for sale.
The site offers access to Marysville and Port Huron, supporting operations that serve both communities. Exterior dimensions are listed as 113x156. The property is offered for sale.
Key Highlights
- Light industrial and flex‑space classification
- Located at 1570 Michigan Avenue in Marysville, MI 48040
- Access to Marysville and Port Huron
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
$15,321
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
9.02%
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%
$306,420
$306.4K
Cap Rate 7%
$218,871
$218.9K
Cap Rate 9%
$170,233
$170.2K
Market Conditions
NOI Build-Up for 2,615 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
$23.5K $9.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$21.9K $8.37/SF
− OpEx
−$6.6K −$2.51/SF
NOI
$15.3K $5.86/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /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%
$306,420
Cap Rate 7%
$218,871
Cap Rate 9%
$170,233
Alternative Uses
Best Use
Flex RnD
$452.6K
$396.0K – $528.0K
NOI $31,679 @ 7.0% cap · market cap 18.65%
Second Best
Industrial
$218.9K
$191.5K – $255.4K
NOI $15,321 @ 7.0% cap · market cap 9.02%
Theoretical Best
Multifamily LT 5
$1.97M
$1.72M – $2.29M
NOI $137,611 @ 7.0% cap · market cap 81.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48040, MI
9,994
Population
4,588
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
1,448
Density / Sq Mi
$69,661
Median Household Income
$45,365
Median Earnings
$955
Median Rent
$185,500
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Functional commercial space suited to small-business and contractor operations in Marysville.
Where is this flex space located?
The property is located at 1570 Michigan Avenue Marysville, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Light industrial and flex‑space classification; Located at 1570 Michigan Avenue in Marysville, MI 48040; Access to Marysville and Port Huron
