Secure Flex Space with
New
For Sale
$179,000
2811 S Sheridan Road, Stanton, MI 48888
COMMERCIAL - Stanton, MI
Property Size500 SF
Lot Size1.03 Acres
Price / SF$358
Days on Market4
Property Features for 2811 S Sheridan Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Central Montcalm
Middle school district
Central Montcalm
High school district
Central Montcalm
Directions
Route 66 North, North of Sidney Road, North of Penny Lane on East Side
Standard status
Active
APN
009-018-022-00
Size
500 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT A POINT ON W LINE OF SEC 18 500 FT S OF NW COR OF SW FR 1/4 OF SW FR 1/4; TH S 150 FT; TH E 300 FT; TH N 150 FT;
Tax Annual Amount
1252
Legal Description
BEG AT A POINT ON W LINE OF SEC 18 500 FT S OF NW COR OF SW FR 1/4 OF SW FR 1/4; TH S 150 FT; TH E 300 FT; TH N 150 FT;
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Hot Water(Heating)
Water source
Well
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate (Rock)
(616) 866-1212
Listed By:
Karen A Metchikoff · License #6501408724
(616) 881-2055
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 7:06PM
MLS# 26041555
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 500-square-foot flex property occupies 1.03 acres and includes a non-residential building completed in 2020. The structure has metal siding, a metal roof, slab construction, one half bath, and an exterior storage shed. Interior systems include mini-split heating and cooling, hydronic heated floors, a 50-gallon water heater, and a large ceiling fan. A generator hookup supports backup power capability.
Security features include insulated security windows with screens and storm windows, a 24-hour security system, closed-circuit cameras, and a built-in safe. The property also offers Route 66 frontage with access from S Sheridan Road. Fiber service is identified through Charter and CMS Fiber, while the site has natural gas available, a well water source, and septic tank service.
Security features include insulated security windows with screens and storm windows, a 24-hour security system, closed-circuit cameras, and a built-in safe. The property also offers Route 66 frontage with access from S Sheridan Road. Fiber service is identified through Charter and CMS Fiber, while the site has natural gas available, a well water source, and septic tank service.
Key Highlights
- 500‑square‑foot building on 1.03 acres
- 2020 construction with metal siding and metal roof
- Hydronic heated floors and mini‑split heating and cooling
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
$7,625
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
4.26%
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%
$152,500
$152.5K
Cap Rate 7%
$108,929
$108.9K
Cap Rate 9%
$84,722
$84.7K
Market Conditions
NOI Build-Up for 500 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
$11.2K $22.32/SF
− Vacancy
−$268 −$0.54/SF
EGI
$10.9K $21.78/SF
− OpEx
−$3.3K −$6.54/SF
NOI
$7.6K $15.25/SF
Area
Montcalm County, MI
Vacancy
2.40%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
30.00%
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%
$152,500
Cap Rate 7%
$108,929
Cap Rate 9%
$84,722
Alternative Uses
Best Use
Industrial
$108.9K
$95.3K – $127.1K
NOI $7,625 @ 7.0% cap · market cap 4.26%
Second Best
Flex RnD
$96.8K
$84.7K – $112.9K
NOI $6,775 @ 7.0% cap · market cap 3.78%
Theoretical Best
Self Storage
$6.92M
$6.05M – $8.07M
NOI $484,380 @ 7.0% cap · market cap 270.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48888, MI
6,258
Population
2,928
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
89%
High-School Grad
85.2 sq mi
ZIP Area
73
Density / Sq Mi
$55,954
Median Household Income
$36,164
Median Earnings
$899
Median Rent
$147,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Climate-controlled flex building with security systems, private utility infrastructure, and Route 66 frontage.
Where is this flex space located?
The property is located at 2811 S Sheridan Road Stanton, MI.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 500‑square‑foot building on 1.03 acres; 2020 construction with metal siding and metal roof; Hydronic heated floors and mini‑split heating and cooling
