Office Flex Space with Grade
2513-2517 Imlay City Rd Lapeer, MI 48446
For Sale
$315,000
Office flex space features open floor plan, kitchenette, and front and back entry doors, with a grade level door.
Property Size4,868 SF
Price / SF$64.71
Days on Market333
Property Features for 2513-2517 Imlay City Rd
General Information
- Standard status
- Active
- Size
- 4,868 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1960
Listing Agency:
CMP Real Estate Group
(248) 821-7688
Listed By:
Peggy J Feltner · License #6501413792
(248) 821-7688
Source:
Cpix.resimplifi
Added: Aug 25, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:25AM
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 CMP Real Estate Group
Investment Insights
Based on property information with market context.
This office flex space includes an open floor plan with open ceilings, a kitchenette, and bathrooms. The layout also provides an open conference area suitable for team meetings, along with front and back entry doors for convenient access.
The property is offered for sale as a multi-unit configuration covering 2513–2517 Imlay City Rd. The unit identified as 2515 includes a garage storage area and a grade level door.
Overall, the space is designed to support both day-to-day office use and flexible operations, with multiple access points and built-in conference and break-out areas.
The property is offered for sale as a multi-unit configuration covering 2513–2517 Imlay City Rd. The unit identified as 2515 includes a garage storage area and a grade level door.
Overall, the space is designed to support both day-to-day office use and flexible operations, with multiple access points and built-in conference and break-out areas.
Key Highlights
- 1960‑built office flex space with open floor plan
- Kitchenette included
- Open conference area for team meetings
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $9.00 |
| − Vacancy | −$4.4k | −$0.91 |
| EGI | $39.4k | $8.09 |
| − OpEx | −$11.8k | −$2.43 |
| NOI | $27.6k | $5.66 |
4,868 SF · lease $9.00/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$609.6K
$533.4K – $711.2K
NOI $42,669 @ 7.0% cap · market cap 13.55%
Second Best
Industrial
$393.9K
$344.6K – $459.5K
NOI $27,571 @ 7.0% cap · market cap 8.75%
Theoretical Best
Healthcare Medical
$797.2K
$697.5K – $930.0K
NOI $55,802 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Office flex space features open floor plan, kitchenette, and front and back entry doors, with a grade level door.
Where is this flex space located?
The property is located at 2513-2517 Imlay City Rd Lapeer, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1960‑built office flex space with open floor plan; Kitchenette included; Open conference area for team meetings
