Flex Space with
New
For Sale
$750,000
16745 Dixie Highway, Davisburg, MI 48350
Commercially zoned property combines customer-facing space, work areas, storage, and private upper-level offices.
Property Size8,546 SF
Days on Market2
Property Features for 16745 Dixie Highway
General Information
Standard status
Active
Size
8,546 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$13,970
Building Details
Building Size
8,546 SF
Year Built
1973
Listing Agency:
Tremaine Real Estate
(810) 938-3339
Listed By:
Edward S Constable · License #6501377324
Source:
Thebrokeragehouse
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 5:20AM
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 Tremaine Real Estate
Investment Insights
Based on property information with market context.
Built in 1973, this flex space offers a practical mix of customer-facing and operational areas within a commercially zoned property. The front portion includes a reception area and showroom, while the rear provides a workshop and storage areas. Private offices and a conference room are located upstairs, creating separation between administrative and work functions.
The site encompasses nearly an acre along Dixie Highway in Davisburg, MI. Recent property updates include a roof replacement and a new parking lot, while the 14' overhead loading door supports access for deliveries and equipment. The location provides reach to Waterford, Oxford, Holly, Grand Blanc, and surrounding communities.
The site encompasses nearly an acre along Dixie Highway in Davisburg, MI. Recent property updates include a roof replacement and a new parking lot, while the 14' overhead loading door supports access for deliveries and equipment. The location provides reach to Waterford, Oxford, Holly, Grand Blanc, and surrounding communities.
Key Highlights
- Nearly an acre along Dixie Highway in Davisburg, MI
- 14' overhead loading door
- Recently updated roof and brand‑new parking lot
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
$51,416
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
6.86%
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%
$1,028,320
$1.0M
Cap Rate 7%
$734,514
$734.5K
Cap Rate 9%
$571,289
$571.3K
Market Conditions
NOI Build-Up for 8,546 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
$62.8K $7.35/SF
− Vacancy
−$2.3K −$0.27/SF
EGI
$60.5K $7.08/SF
− OpEx
−$9.1K −$1.06/SF
NOI
$51.4K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
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%
$1,028,320
Cap Rate 7%
$734,514
Cap Rate 9%
$571,289
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,958 @ 7.0% cap · market cap 12.26%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,390 @ 7.0% cap · market cap 11.79%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,031 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48350, MI
7,581
Population
2,893
Households
2.6
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
23.8 sq mi
ZIP Area
319
Density / Sq Mi
$108,568
Median Household Income
$46,222
Median Earnings
$1,310
Median Rent
$351,600
Median Home Value
Market
Vacancy Rate% for Office 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 - Commercially zoned property combines customer-facing space, work areas, storage, and private upper-level offices.
Where is this flex space located?
The property is located at 16745 Dixie Highway Davisburg, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Nearly an acre along Dixie Highway in Davisburg, MI; 14' overhead loading door; Recently updated roof and brand‑new parking lot
