Building Details

Year Built 1973

Stories 2

Listing Agency: Tremaine Real Estate

Listed By: Edward S Constable · License #6501377324 Show Phone

Source: Katie-k

Added: Aug 13 Changed: Oct 8 Last Checked: Oct 7 at 4:42PM

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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

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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.

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 / Yr

$42,342

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$846,840 $846.8K

Cap Rate 7%

$604,886 $604.9K

Cap Rate 9%

$470,467 $470.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,546 SF

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 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 (±1% cap)

NOI $91,958 @ 7.0% cap · market cap 12.26%

Second Best

Flex RnD

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,390 @ 7.0% cap · market cap 11.79%

Theoretical Best

Specialty Retail

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $129,031 @ 7.0% cap · market cap 17.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lahser Pre-Vocational Center High School Professional Hardwood Flooring ... General Contractor

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Pharmacy Restaurant Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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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