Secure Flex Space
For Sale
$179,000
2811 Sheridan Road, Stanton, MI 48888
Climate-controlled building suited to secure storage, office use, or specialty business operations.
Property Size500 SF
Lot Size1.00 Acre
Price / SF$358
Days on Market8
Property Features for 2811 Sheridan Road
General Information
Standard status
Active
Size
500 SF
Lot size
1.00 Acre
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,252
Amenities
security system
closed-circuit cameras
built-in safe
generator hookup
fiber internet
storage shed
3
Metal
150' x 300'
Paved Road.
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate (Rock)
(616) 866-1212
Listed By:
Karen Metchikoff · License #6501408724
Source:
Xome
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 4:24AM
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 Berkshire Hathaway HomeServices Michigan Real Estate (Rock)
Investment Insights
Based on property information with market context.
This 1-acre flex property includes a modern non-residential building constructed in 2020 with slab construction, aluminum siding, and a metal roof. Interior systems include a high-efficiency mini-split heating and cooling system, hydronic heated floors, a 50-gallon water heater, a large ceiling fan, and a half bath. A generator hookup supports continued operation during interruptions.
Security features include insulated security windows with screens and storm windows, a 24-hour security system, closed-circuit cameras, and a large built-in safe. The property also includes a wooden exterior storage shed. Charter and CMS Fiber utilities are available, and the site has Route 66 frontage, easy access, and a paved road.
Security features include insulated security windows with screens and storm windows, a 24-hour security system, closed-circuit cameras, and a large built-in safe. The property also includes a wooden exterior storage shed. Charter and CMS Fiber utilities are available, and the site has Route 66 frontage, easy access, and a paved road.
Key Highlights
- 1‑acre flex property with Route 66 frontage
- 2020‑built non‑residential building with slab construction, aluminum siding, and metal roof
- Mini‑split heating and cooling plus hydronic heated floors
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 building suited to secure storage, office use, or specialty business operations.
Where is this flex space located?
The property is located at 2811 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: 1‑acre flex property with Route 66 frontage; 2020‑built non‑residential building with slab construction, aluminum siding, and metal roof; Mini‑split heating and cooling plus hydronic heated floors
