Listing Agency: EXP Realty - Marysville Show Phone

Listed By: Robert Walker · License #6505396716 Show Phone

Source: Exprealty

Added: Aug 27 Changed: Sep 16 Last Checked: Oct 12 at 9:30PM

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Investment Insights

Based on property information with market context.

This 4,704-square-foot flex property combines approximately 700 square feet of air-conditioned office space with a shop area equipped with three-phase power and a high overhead door. City water and sewer serve the building, supporting a functional light-industrial configuration.

The property encompasses approximately 2 acres along a paved road at 216 Hill in Capac, Michigan, with access to I-69 approximately 1.5 miles away. Lots 8, 9, 10, and 11 are included, providing a sizable site for the existing improvements and future expansion or additional outbuildings as described in the property information.

Key Highlights

• 4,704‑square‑foot flex property on approximately 2 acres
• Approximately 700 square feet of air‑conditioned office space
• Shop area with three‑phase power and a high overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,467

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,340 $669.3K

Cap Rate 7%

$478,100 $478.1K

Cap Rate 9%

$371,856 $371.9K

Market Conditions

NOI Build-Up for 4,704 SF

Gross rent

$42.3K $9.00/SF

− Vacancy

−$3.0K −$0.63/SF

EGI

$39.4K $8.37/SF

− OpEx

−$5.9K −$1.26/SF

NOI

$33.5K $7.11/SF

Area

St. Clair County, MI

Vacancy

7.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,340

Cap Rate 7%

$478,100

Cap Rate 9%

$371,856

Alternative Uses

Best Use

Flex RnD

$814.1K

$712.3K – $949.8K (±1% cap)

NOI $56,985 @ 7.0% cap · market cap 11.42%

Second Best

Warehouse

$478.1K

$418.3K – $557.8K (±1% cap)

NOI $33,467 @ 7.0% cap · market cap 6.71%

Theoretical Best

Multifamily LT 5

$3.54M

$3.09M – $4.13M (±1% cap)

NOI $247,542 @ 7.0% cap · market cap 49.61%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Hair Salon Dental Office

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48014, MI

4,323

Population

1,763

Households

2.5

Avg Household Size

40

Median Age

10%

College-Educated

90%

High-School Grad

36.8 sq mi

ZIP Area

117

Density / Sq Mi

$70,341

Median Household Income

$42,244

Median Earnings

$827

Median Rent

$208,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Office and shop areas provide a practical setup for industrial or commercial operations.

Where is this flex space located?

The property is located at 216 Hill Capac, MI.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 4,704‑square‑foot flex property on approximately 2 acres; Approximately 700 square feet of air‑conditioned office space; Shop area with three‑phase power and a high overhead door