Flex Space with Garage
For Sale
$399,900
2000 W Ganson Street, Jackson, MI 49202
Office/showroom space, multiple garage bays, and a paved corner lot support varied commercial operations.
Property Size2,640 SF
Price / SF$151.48
Days on Market77
Property Features for 2000 W Ganson Street
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
20
Property subtype
Commercial
Lease Term
Cash, Conventional, Lease
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$4,358
Building Details
Building Size
2,640 SF
Year Built
1980
Units
2
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 795-6044
Listed By:
Jordon Jarrett · License #6501378237
(517) 795-6044
Source:
Sabudarealty
Added: Jun 8
Changed: Aug 22
Last Checked: Aug 22 at 4:28AM
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 Coldwell Banker Beiswanger Realty Group
Investment Insights
Based on property information with market context.
Built in 1980, this 2,640 SF flex property combines office/showroom space with multiple garage bays. The layout is suited to a range of commercial operations, with an expansive paved corner lot providing on-site parking and outdoor storage potential.
Located at 2000 W Ganson Street in Blackman Charter Township, the property offers street frontage and direct access from a corner position. The exterior area can accommodate equipment, vehicles, or other operational needs, subject to applicable requirements. The configuration may fit owner-users or investors seeking a property that combines enclosed workspace with substantial outdoor area.
Located at 2000 W Ganson Street in Blackman Charter Township, the property offers street frontage and direct access from a corner position. The exterior area can accommodate equipment, vehicles, or other operational needs, subject to applicable requirements. The configuration may fit owner-users or investors seeking a property that combines enclosed workspace with substantial outdoor area.
Key Highlights
- 2,640 SF flex property built in 1980
- Office/showroom area paired with multiple garage bays
- Paved corner lot at 2000 W Ganson Street
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
$24,797
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
6.20%
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%
$495,940
$495.9K
Cap Rate 7%
$354,243
$354.2K
Cap Rate 9%
$275,522
$275.5K
Market Conditions
NOI Build-Up for 2,640 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
$42.8K $16.20/SF
− Vacancy
−$4.6K −$1.75/SF
EGI
$38.1K $14.45/SF
− OpEx
−$13.4K −$5.06/SF
NOI
$24.8K $9.39/SF
Area
Jackson County, MI
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
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%
$495,940
Cap Rate 7%
$354,243
Cap Rate 9%
$275,522
Alternative Uses
Best Use
Flex RnD
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 6.20%
Second Best
Office B
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
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 - Office/showroom space, multiple garage bays, and a paved corner lot support varied commercial operations.
Where is this flex space located?
The property is located at 2000 W Ganson Street Jackson, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,640 SF flex property built in 1980; Office/showroom area paired with multiple garage bays; Paved corner lot at 2000 W Ganson Street
