Updated Storefront with Flexible
New
For Sale
$279,900
2600 Kibby Rd, Jackson, MI 49203
Two levels provide open workspace, private offices, a kitchenette, and break areas.
Property Size2,110 SF
Price / SF$132.65
Days on Market3
Property Features for 2600 Kibby Rd
General Information
Standard status
Active
Size
2,110 SF
Zoning
C-1
Additional Details
Business Included
Yes
Road Access
Yes
Amenities
handicap accessible
expanded concrete parking lot
brand-new deck
all-new flooring
kitchenette
break room
Building Details
Year Built
1890
Buildings
1
Stories
2
Listing Agency:
RE/MAX Mid-Michigan R.E.
Listed By:
Stephanie Bosanac-Mortimer · License #6501336455
(517) 812-3173
Source:
Katie-k
Added: Sep 10
Last Checked: Sep 11 at 1:55PM
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 RE/MAX Mid-Michigan R.E.
Investment Insights
Based on property information with market context.
This 2,110-square-foot storefront property at 2600 Kibby Rd includes two levels configured for adaptable commercial use. The first floor has updated flooring and can accommodate open work areas or a more segmented office layout, with space for conference rooms, a kitchenette, and a break room. Plumbing is in place for reinstating a half bath. Upstairs, four private offices and another half bath support additional workspace or client-facing functions.
The property is zoned C-1 and includes a ramp entry for handicap accessibility, an expanded concrete parking area, and a new deck overlooking a pond. Nearby businesses and attractions within less than 1 mile include Cascades Manor House, Cascades Falls, Cascades Golf Course, Kibby Cobb Market, Biggby Coffee, and County National Bank. Built in 1890, the building has been recently updated for immediate commercial occupancy.
The property is zoned C-1 and includes a ramp entry for handicap accessibility, an expanded concrete parking area, and a new deck overlooking a pond. Nearby businesses and attractions within less than 1 mile include Cascades Manor House, Cascades Falls, Cascades Golf Course, Kibby Cobb Market, Biggby Coffee, and County National Bank. Built in 1890, the building has been recently updated for immediate commercial occupancy.
Key Highlights
- 2,110‑square‑foot storefront property with two levels
- C‑1 zoning
- Four private offices on the second floor
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
$17,683
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
6.32%
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%
$353,660
$353.7K
Cap Rate 7%
$252,614
$252.6K
Cap Rate 9%
$196,478
$196.5K
Market Conditions
NOI Build-Up for 2,110 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
$30.4K $14.40/SF
− Vacancy
−$6.8K −$3.23/SF
EGI
$23.6K $11.17/SF
− OpEx
−$5.9K −$2.79/SF
NOI
$17.7K $8.38/SF
Area
Jackson County, MI
Vacancy
22.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$353,660
Cap Rate 7%
$252,614
Cap Rate 9%
$196,478
Alternative Uses
Best Use
Office B
$252.6K
$221.0K – $294.7K
NOI $17,683 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$207.9K
$181.9K – $242.5K
NOI $14,551 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$336.8K
$294.7K – $393.0K
NOI $23,578 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two levels provide open workspace, private offices, a kitchenette, and break areas.
Where is this storefront property located?
The property is located at 2600 Kibby Rd Jackson, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,110‑square‑foot storefront property with two levels; C‑1 zoning; Four private offices on the second floor
