Fenced Industrial
For Sale
$450,000
240 Watts Rd, Jackson, MI 49203
The building has an electric entry gate, a full bath with an oversized shower, and high-speed cable service.
Property Size3,800 SF
Price / SF$118.42
Days on Market373
Property Features for 240 Watts Rd
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1980
Listing Agency:
Home 1st Real Estate
Listed By:
GEORGE PIERSON · License #6501344130
(517) 740-8910
Source:
Vmrealestatemichigan
Added: Sep 29, 2025
Changed: Oct 4
Last Checked: Oct 5 at 6:58PM
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 Home 1st Real Estate
Investment Insights
Based on property information with market context.
This 3,800-square-foot industrial building was constructed in 1980. Interior features include an instant-gas water heater and a full bathroom with an oversized shower. High-speed cable service is installed.
The property is enclosed by chain-link fencing and accessed through an electric gate. The site is identified as green zone.
The property is enclosed by chain-link fencing and accessed through an electric gate. The site is identified as green zone.
Key Highlights
- 3,800 square feet of industrial building space
- Built in 1980
- Chain‑link fencing and electric gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,400
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,000
$528.0K
Cap Rate 7%
$377,143
$377.1K
Cap Rate 9%
$293,333
$293.3K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$42.0K $11.04/SF
− Vacancy
−$4.2K −$1.12/SF
EGI
$37.7K $9.92/SF
− OpEx
−$11.3K −$2.98/SF
NOI
$26.4K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,000
Cap Rate 7%
$377,143
Cap Rate 9%
$293,333
Alternative Uses
Best Use
Industrial
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,463 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - The building has an electric entry gate, a full bath with an oversized shower, and high-speed cable service.
Where is this industrial property located?
The property is located at 240 Watts Rd Jackson, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,800 square feet of industrial building space; Built in 1980; Chain‑link fencing and electric gate
