Office Unit with Vinyl Plank
For Sale
Contact for pricing
321 N Main Street 3, Davison, MI 48423
The suite includes access to a shared bathroom and hallway common area.
Property Size5,713 SF
Price / SF$0.11
Days on Market17
Property Features for 321 N Main Street 3
General Information
Standard status
Active
Size
5,713 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
Building Details
Year Built
1991
Listing Agency:
Atlas Real Estate
(810) 636-3400
Listed By:
Tamara Lipp
(810) 252-6269
Source:
Goodhomemi
Added: Oct 17
Changed: Nov 1
Last Checked: Nov 1 at 3:28AM
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 Atlas Real Estate
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Investment Insights
Based on property information with market context.
At 321 N Main Street, Unit 3, this office unit offers roughly 415 sq ft, including access to a shared bathroom and hallway. New vinyl plank flooring has been installed throughout. The building dates to 1991.
A second unit of roughly 415 sq ft is also available. The lease structure is modified gross, with base rent and separately metered utilities.
A second unit of roughly 415 sq ft is also available. The lease structure is modified gross, with base rent and separately metered utilities.
Key Highlights
- Roughly 415 sq ft, including shared bathroom and hallway common area
- New vinyl plank flooring throughout
- A second 415 sq ft twin unit is also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,936
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,720
$1.3M
Cap Rate 7%
$899,086
$899.1K
Cap Rate 9%
$699,289
$699.3K
Market Conditions
NOI Build-Up for 5,713 SF
Gross rent
$97.3K $17.04/SF
− Vacancy
−$13.4K −$2.35/SF
EGI
$83.9K $14.69/SF
− OpEx
−$21.0K −$3.67/SF
NOI
$62.9K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,720
Cap Rate 7%
$899,086
Cap Rate 9%
$699,289
Alternative Uses
Best Use
Office B
$899.1K
$786.7K – $1.05M
NOI $62,936 @ 7.0% cap · market cap 10,489.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,152 @ 7.0% cap · market cap 14,025.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 48423, MI
33,801
Population
15,248
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
524
Density / Sq Mi
$64,096
Median Household Income
$40,463
Median Earnings
$953
Median Rent
$209,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes access to a shared bathroom and hallway common area.
Where is this office unit located?
The property is located at 321 N Main Street 3 Davison, MI.
What are key features of this property?
This property features: Roughly 415 sq ft, including shared bathroom and hallway common area; New vinyl plank flooring throughout; A second 415 sq ft twin unit is also available
