Office Flex Space with Grade
For Sale
Contact for pricing
2513-2517 Imlay City Road, Lapeer, MI 48446
Office flex space features open floor plan, kitchenette, and front and back entry doors, with a grade level door.
Property Size8,314 SF
Price / SF$69.16
Days on Market172
Property Features for 2513-2517 Imlay City Road
General Information
Standard status
Active
Size
8,314 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Additional Details
Drive-In Doors
1
Building Details
Buildings
2
Units
5
Tenancy
Multi
Listing Agency:
CMP Real Estate Group
Listed By:
Lance Numan · License #6501385147
(248) 538-2000
Source:
Crexi
Added: May 7
Changed: Oct 12
Last Checked: Oct 24 at 6:05PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$47,088
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,760
$941.8K
Cap Rate 7%
$672,686
$672.7K
Cap Rate 9%
$523,200
$523.2K
Market Conditions
NOI Build-Up for 8,314 SF
Gross rent
$74.8K $9.00/SF
− Vacancy
−$7.6K −$0.91/SF
EGI
$67.3K $8.09/SF
− OpEx
−$20.2K −$2.43/SF
NOI
$47.1K $5.66/SF
Area
Lapeer County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,760
Cap Rate 7%
$672,686
Cap Rate 9%
$523,200
Alternative Uses
Best Use
Flex RnD
$1.04M
$910.9K – $1.21M
NOI $72,874 @ 7.0% cap · market cap 12.67%
Second Best
Industrial
$672.7K
$588.6K – $784.8K
NOI $47,088 @ 7.0% cap · market cap 8.19%
Theoretical Best
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,304 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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 Road Lapeer, MI.
What is the asking price?
The asking price for this property is $575,000.
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
