Flex Space with
317 Catrell Dr, Howell, MI 48843
For Sale
$1,150,000
I-1 Light Industrial zoning supports a combined office, warehouse, and shop configuration.
Property Size18,016 SF
Price / SF$63.83
Days on Market94
Property Features for 317 Catrell Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Mezzanine
Drive-In Doors
Voltage
Three-Phase Power
Additional Details
Asking Price
Highway Access
Amenities
18,016 Square Foot Industrial Facility: Ef?cient layout with Approximately 14,556 Square Feet of Warehouse/Shop Space and 3,460 Square Feet of Of?ce Space
15' Clear Height: Ideal for Manufacturing, Fabrication, Warehousing, and Distribution Operations
Two 12' x 14' Grade-Level Doors: Provides Convenient Loading and Vehicle Access
480V Three-Phase Power: Heavy Electrical Service Suitable for Industrial Users
1,784 Square Foot Mezzanine Storage: Additional Storage Area without Sacri?cing Production for Space
Renovated office space (conference room, private offices, reception area, and open workspace), upgraded electrical service, upgraded LED warehouse lighting, and a new sewer line.
Office HVAC and Radiant Warehouse Heat: Central Air Conditioning and Gas Forced-Air Heating in the Of?ce Space, with Radiant Heat throughout the Warehouse
Masonry and Steel Construction: Durable Industrial Construction with Slab-on-Grade Foundation I-1 Light Industrial Zoning: Legal Conforming Use Allowing a Wide Variety of Industrial Operations 20 Surface Parking Spaces: On-Site Parking Accommodates Employees, Visitors, and Fleet Vehicles Convenient Access to Interstate 96: Well-Suited for Manufacturing, Warehouse, Fabrication, Distribution, Contractor, or Owner-User Occupancy
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Detroit Office
Listed By:
Darin Gross · License #License(s): MI: 6501384871
(248) 415-2634
Source:
Marcusmillichap
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 8 at 2:19AM
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 Detroit Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,016-square-foot flex facility combines approximately 14,556 square feet of warehouse and shop area with 3,460 square feet of office space. The building includes 1,584 square feet of office build-out within the warehouse, approximately 1,784 square feet of mezzanine storage, 15-foot clear heights, and two 12-by-14-foot grade-level overhead doors. Masonry and steel construction, a slab-on-grade foundation, 480-volt three-phase power, radiant warehouse heat, and central air conditioning with gas forced-air heating in the office area support varied industrial operations.
The property occupies I-1 Light Industrial-zoned land at 317 Catrell Drive in Howell, Michigan, with direct access to Interstate 96. Site features include 20 surface parking spaces and a legal conforming use. Recent improvements include renovated office areas with a conference room, private offices, reception area, and open workspace, along with upgraded electrical service, LED warehouse lighting, and a new sewer line.
The property occupies I-1 Light Industrial-zoned land at 317 Catrell Drive in Howell, Michigan, with direct access to Interstate 96. Site features include 20 surface parking spaces and a legal conforming use. Recent improvements include renovated office areas with a conference room, private offices, reception area, and open workspace, along with upgraded electrical service, LED warehouse lighting, and a new sewer line.
Key Highlights
- 18,016‑square‑foot flex facility with approximately 14,556 square feet of warehouse and shop space
- 3,460 square feet of office space, including approximately 1,584 square feet within the warehouse
- Approximately 1,784 square feet of mezzanine storage and 15‑foot clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,020
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,400
$1.2M
Cap Rate 7%
$886,000
$886.0K
Cap Rate 9%
$689,111
$689.1K
Market Conditions
NOI Build-Up for 18,016 SF
Gross rent
$108.1K $6.00/SF
− Vacancy
−$25.4K −$1.41/SF
EGI
$82.7K $4.59/SF
− OpEx
−$20.7K −$1.15/SF
NOI
$62.0K $3.44/SF
Area
Livingston County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,400
Cap Rate 7%
$886,000
Cap Rate 9%
$689,111
Alternative Uses
Best Use
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,758 @ 7.0% cap · market cap 11.46%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,320 @ 7.0% cap · market cap 9.77%
Theoretical Best
Healthcare Medical
$2.87M
$2.51M – $3.35M
NOI $200,877 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48843, MI
47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Heaven on a Roll — 235 Fair Ave, Howell, MI 48843
Frequently Asked Questions
What type of property is this?
Flex space - I-1 Light Industrial zoning supports a combined office, warehouse, and shop configuration.
Where is this flex space located?
The property is located at 317 Catrell Dr Howell, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 18,016‑square‑foot flex facility with approximately 14,556 square feet of warehouse and shop space; 3,460 square feet of office space, including approximately 1,584 square feet within the warehouse; Approximately 1,784 square feet of mezzanine storage and 15‑foot clear heights
