Flex Space with
For Sale
$750,000
16745 Dixie Hwy, Davisburg, MI 48350
Versatile commercial facility combining showroom, workshop, storage, offices, and conference space in one building.
Property Size8,546 SF
Price / SF$87.76
Days on Market18
Property Features for 16745 Dixie Hwy
General Information
Standard status
Active
Size
8,546 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
conference space
reception area
Building Details
Year Built
1973
Stories
2
Listing Agency:
Tremaine Real Estate
(810) 938-3339
Listed By:
Edward S Constable · License #6501377324
Source:
Katie-k
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 5:41PM
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.
This flex space combines a customer-facing front portion with practical work and administrative areas. The entrance leads into a reception area and showroom, while the rear contains a workshop and storage space. Private offices and a conference room are positioned upstairs, supporting both day-to-day operations and meetings. A 14-foot overhead loading door provides building access for loading activities. The property also includes a recently updated roof and a newly installed parking lot.
The site occupies nearly an acre along Dixie Highway in Davisburg, with access to Waterford, Oxford, Holly, Grand Blanc, and surrounding communities. Built in 1973, the building offers a combination of showroom, workshop, storage, office, and meeting areas within a single commercial facility.
The site occupies nearly an acre along Dixie Highway in Davisburg, with access to Waterford, Oxford, Holly, Grand Blanc, and surrounding communities. Built in 1973, the building offers a combination of showroom, workshop, storage, office, and meeting areas within a single commercial facility.
Key Highlights
- Flex space with reception area, showroom, workshop, storage, offices, and conference room
- 14‑foot overhead loading door
- Recently updated roof
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
$42,342
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
5.65%
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%
$846,840
$846.8K
Cap Rate 7%
$604,886
$604.9K
Cap Rate 9%
$470,467
$470.5K
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
−$18.1K −$2.12/SF
NOI
$42.3K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$846,840
Cap Rate 7%
$604,886
Cap Rate 9%
$470,467
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining showroom, workshop, storage, offices, and conference space in one building.
Where is this flex space located?
The property is located at 16745 Dixie Hwy 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: Flex space with reception area, showroom, workshop, storage, offices, and conference room; 14‑foot overhead loading door; Recently updated roof
