Cannabis Cultivation and Processing
For Sale
$3,799,000
3245 Card Dr, Burton, MI 48529
Operating facility with included licenses, specialized production areas, and M-2 General Industrial zoning.
Property Size30,380 SF
Price / SF$125.05
Days on Market122
Property Features for 3245 Card Dr
General Information
Standard status
Active
Size
30,380 SF
Property subtype
Commercial
Listing Agency:
C3 CRE, LLC
Listed By:
Corbin Yaldoo · License #6502431997
(248) 220-1110
Source:
Vmrealestatemichigan
Added: Jun 14
Changed: Oct 1
Last Checked: Oct 12 at 7:58PM
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 C3 CRE, LLC
Investment Insights
Based on property information with market context.
This operating cannabis property combines dedicated cultivation and processing improvements with the real estate and licenses included in the sale. Completed in December of 2019, the cultivation area contains six flower rooms, two veg rooms, two mother rooms, a propagation room, drying rooms, trim space, a vault, kief room, fertigation room, fire suppression room, janitor/storage room, electrical room, security room, bathroom, two offices, loading dock, and maintenance bay.
The processing component includes chocolate and edibles kitchens, an extraction lab, a vault, bathroom, and two offices. Reported production capabilities include BHO, distillate, pre-rolls, candy bars, gummies, cotton candy, cheese balls, drink mix, chocolate coins, and syrup. The property carries M-2 General Industrial zoning, which permits a variety of industrial and cannabis operations. It is situated in an established commercial corridor with national and local tenants throughout the immediate trade area.
The processing component includes chocolate and edibles kitchens, an extraction lab, a vault, bathroom, and two offices. Reported production capabilities include BHO, distillate, pre-rolls, candy bars, gummies, cotton candy, cheese balls, drink mix, chocolate coins, and syrup. The property carries M-2 General Industrial zoning, which permits a variety of industrial and cannabis operations. It is situated in an established commercial corridor with national and local tenants throughout the immediate trade area.
Key Highlights
- Six flower rooms, two veg rooms, two mother rooms, and one propagation room
- Processing area includes chocolate and edibles kitchens plus an extraction lab
- Completed in December of 2019 as a purpose‑built facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,063
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,441,260
$3.4M
Cap Rate 7%
$2,458,043
$2.5M
Cap Rate 9%
$1,911,811
$1.9M
Market Conditions
NOI Build-Up for 30,380 SF
Gross rent
$273.4K $9.00/SF
− Vacancy
−$27.6K −$0.91/SF
EGI
$245.8K $8.09/SF
− OpEx
−$73.7K −$2.43/SF
NOI
$172.1K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,441,260
Cap Rate 7%
$2,458,043
Cap Rate 9%
$1,911,811
Alternative Uses
Best Use
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,063 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.39M
$5.59M – $7.46M
NOI $447,493 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 48529, MI
9,560
Population
4,430
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
1,992
Density / Sq Mi
$38,021
Median Household Income
$24,189
Median Earnings
$1,003
Median Rent
$74,000
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
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Frequently Asked Questions
What type of property is this?
Cannabis property - Operating facility with included licenses, specialized production areas, and M-2 General Industrial zoning.
Where is this cannabis property located?
The property is located at 3245 Card Dr Burton, MI.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Six flower rooms, two veg rooms, two mother rooms, and one propagation room; Processing area includes chocolate and edibles kitchens plus an extraction lab; Completed in December of 2019 as a purpose‑built facility
