Flex Space with Office and
For Sale
$415,000
2869 W Dickman Road, Springfield, MI 49037
Remodeled commercial space combines customer-facing offices with rear warehouse area and parking for business operations.
Property Size3,560 SF
Price / SF$116.57
Days on Market27
Property Features for 2869 W Dickman Road
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,678
Building Details
Building Size
3,560 SF
Year Built
1950
Units
1
Listing Agency:
Inca Realty, LLC
(810) 244-6302
Listed By:
Wilson Lahoud · License #6501303462
(810) 691-1485
Source:
Propertiesatincarealty
Added: Oct 7
Changed: Nov 2
Last Checked: Oct 30 at 8:15PM
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 Inca Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property pairs office space at the front of the building with a warehouse at the rear. The building was constructed in 1950 and later fully remodeled. Customer parking serves the office area, with a separate large parking lot behind the building.
The property fronts W Dickman Road in Springfield. It served a local construction business for more than 20 years before that company moved to a larger facility.
The property fronts W Dickman Road in Springfield. It served a local construction business for more than 20 years before that company moved to a larger facility.
Key Highlights
- Front office area and rear warehouse provide a combined flex layout
- Fully remodeled building, originally built in 1950
- Customer parking at the front and a large parking lot behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,736
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,720
$534.7K
Cap Rate 7%
$381,943
$381.9K
Cap Rate 9%
$297,067
$297.1K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$33.7K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.5K $8.84/SF
− OpEx
−$4.7K −$1.33/SF
NOI
$26.7K $7.51/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,720
Cap Rate 7%
$381,943
Cap Rate 9%
$297,067
Alternative Uses
Best Use
Flex RnD
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$381.9K
$334.2K – $445.6K
NOI $26,736 @ 7.0% cap · market cap 6.44%
Theoretical Best
Healthcare Medical
$42.23M
$36.95M – $49.27M
NOI $2,956,100 @ 7.0% cap · market cap 712.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled commercial space combines customer-facing offices with rear warehouse area and parking for business operations.
Where is this flex space located?
The property is located at 2869 W Dickman Road Springfield, MI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Front office area and rear warehouse provide a combined flex layout; Fully remodeled building, originally built in 1950; Customer parking at the front and a large parking lot behind the building
