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    Versatile Steel Unit For Sale Title is generated by Realmo AI

    2695 Hein Rd D-6, Muskegon, MI 49445

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    For Sale
    $199,900

    Immaculate steel unit with finished interior, ideal for business.

    Type:Commercial
    Property size:
    1,500 SF
    Price / SF:
    $133/SF
    Added:
    May 20, 2026
    Days on Market:
    9
    Last Refresh:
    May 20 at 3:35 am

    Property Features for 2695 Hein Rd D-6

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Sandi L Gentry
    Sandi L Gentry

    Listing agent Sandi L Gentry License #6502359178

    Listing office RE/MAX Lakeshore

    Listing date May 20, 2026

    Source Elliman

    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 Lakeshore

    HighLights

    • Fully finished interior ready for immediate use as a business space, high‑end storage, or personal 'man cave'.
    • Durable construction with 6'' concrete floors and 18' ceilings, plus a 14 x 14 overhead door.
    • Efficient climate control with two mini‑split systems for heating and cooling.
    • Equipped with 3‑phase power, city water and sewer, and fast fiber internet.
    • Convenient location minutes from Highway 31.
    • Low monthly association fee of $75 covers snow removal and common area upkeep.

    Overview

    This 25 x 60 steel unit features a fully finished interior, suitable for business or personal use. Constructed with 6'' concrete floors and 18' ceilings equipped with lights and a ceiling fan, the unit includes a 14 x 14 overhead door. It is equipped with a full bath, 3-phase power, city water and sewer, and two mini-split systems for heating and cooling. Fast fiber internet is available. The unit is suitable for high-end storage, personal use, or company headquarters. The association fee is $75 a month, covering snow removal and common area upkeep. Located minutes from Highway 31, these units offer convenience and opportunity. The location has a walk score of 4, indicating car-dependence, and a bike score of 26, indicating it is somewhat bikeable.

    Financial Insights

    Value Estimation Calculated for Industrial

    Conservative
    $159.9K
    NOI $14,388 @ 9.00% cap · cautious / downside scenario
    Moderate
    $205.5K
    NOI $14,388 @ 7.00% cap · market / base-case scenario
    Aggressive
    $287.8K
    NOI $14,388 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Industrial

    Component $ $/SF
    Gross rent $21.1k $14.04
    − Vacancy −$505 −$0.34
    EGI $20.6k $13.70
    − OpEx −$6.2k −$4.11
    NOI $14.4k $9.59
    1,500 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Industrial
    $205.5K
    $179.9K – $239.8K (±1% cap)
    NOI $14,388 @ 7.0% cap · market cap 7.20%
    Second Best
    Flex RnD
    $92.5K
    $81.0K – $107.9K (±1% cap)
    NOI $6,476 @ 7.0% cap · market cap 3.24%
    Theoretical Best
    Hotel Hospitality
    $14.09M
    $12.33M – $16.43M (±1% cap)
    NOI $986,059 @ 7.0% cap · market cap 493.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2653
    Latitude
    43.2991

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    FAQs

    What type of property is this?
    Flex space - Immaculate steel unit with finished interior, ideal for business.
    Where is this flex space located?
    The property is located at 2695 Hein Rd D-6 Muskegon, MI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Fully finished interior ready for immediate use as a business space, high‑end storage, or personal 'man cave'.; Durable construction with **6'' concrete floors** and **18' ceilings**, plus a 14 x 14 overhead door.; Efficient climate control with two mini‑split systems for heating and cooling.
    (616) 638-3900
    We can help!
    Listing Contact
    Sandi L Gentry
    Sandi L Gentry
    Real Estate License ID: 6502359178
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2695 Hein Rd D-6, DaltonTownship_Muskegon, MI 49445
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