Versatile Investment Property Near
For Sale
Contact for pricing
1761 Samaria Rd, Samaria, MI 48177
Four buildings totaling 19,000 SF with full occupancy.
Property Size19,000 SF
Price / SF$0.00
Days on Market221
Property Features for 1761 Samaria Rd
General Information
Standard status
Active
Size
19,000 SF
Property subtype
Investment
Zoning
AG/SVOD
Building Details
Building Size
19,000 SF
Year Built
1976
Stories
1
Listing Agency:
Signature Associates - Toledo
Listed By:
Thomas Fritz · License #6506045434
(734) 625-7100
Source:
Cpix.resimplifi
Added: Mar 26
Changed: Oct 31
Last Checked: Oct 30 at 10:49AM
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 Signature Associates - Toledo
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Investment Insights
Based on property information with market context.
This property features four buildings totaling 19,000 square feet. The first building includes six private offices, a reception area, a lounge, and four lavatories. It also contains a conference room, a bullpen area, a meeting room, and a production room. Building 2 is a 6,000-square-foot shop area equipped with six grade-level overhead doors. Building 3 provides an additional 3,750 square feet of shop space. Building 4 is a 3,200-square-foot steel structure with four grade-level overhead doors. The property is located with convenient access to I-75 at exit 6. All four buildings are currently fully occupied, offering immediate rental income potential.
Key Highlights
- 19,000 sq ft of prime real estate across four buildings.
- Currently fully occupied, providing immediate rental income.
- Building 2: 6,000 sq ft shop with six overhead doors at grade.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,626
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,312,520
$2.3M
Cap Rate 7%
$1,651,800
$1.7M
Cap Rate 9%
$1,284,733
$1.3M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$189.2K $9.96/SF
− Vacancy
−$11.4K −$0.60/SF
EGI
$177.9K $9.36/SF
− OpEx
−$62.3K −$3.28/SF
NOI
$115.6K $6.09/SF
Area
Monroe County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,312,520
Cap Rate 7%
$1,651,800
Cap Rate 9%
$1,284,733
Alternative Uses
Best Use
Industrial
$16.14M
$14.12M – $18.83M
NOI $1,129,657 @ 7.0% cap · market cap 12,551,744.44%
Second Best
Flex RnD
$1.65M
$1.45M – $1.93M
NOI $115,626 @ 7.0% cap · market cap 1,284,733.33%
Theoretical Best
Warehouse
$19.60M
$17.15M – $22.86M
NOI $1,371,726 @ 7.0% cap · market cap 15,241,400.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 48177, MI
232
Population
169
Households
1.4
Avg Household Size
36
Median Age
9%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
331
Density / Sq Mi
$85,905
Median Household Income
$59,750
Median Earnings
$181,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Four buildings totaling 19,000 SF with full occupancy.
Where is this flex space located?
The property is located at 1761 Samaria Rd Samaria, MI.
What are key features of this property?
This property features: 19,000 sq ft of prime real estate across four buildings.; Currently fully occupied, providing immediate rental income.; Building 2: **6,000 sq ft shop with six overhead doors at grade.**
