Fully Leased Multi-Unit Office
N 3390 N State Road Unit SourceFi Davison, MI 48423
For Sale
$1,550,000
Fully leased four-unit mixed-use building with a 2025 roof, community business zoning, and State Road frontage.
Property Size12,000 SF
Price / SF$129.17
Days on Market237
Property Features for N 3390 N State Road Unit SourceFi
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Building Details
Year Built
20
Listing Agency:
(810) 441-0906
Listed By:
The Brokerage Real Estate Enthusiasts
(810) 441-0906
Source:
Xome
Added: Dec 5, 2025
Changed: Jul 26
Last Checked: Jul 30 at 3:06AM
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 The Brokerage Real Estate Enthusiasts
Investment Insights
Based on property information with market context.
This fully leased mixed-use commercial building contains four occupied units supporting office, medical, and service-based tenants. The property is described as in pristine condition, with consistent professional maintenance inside and out and a new roof installed in 2025. The site layout includes ample paved parking and features substantial land for future expansion or development, and approved plans for a potential buildout are available.
The building is located on more than 10 acres with State Road frontage, offering visibility and straightforward access for community-serving businesses. The property is positioned for continued tenant stability and provides an opportunity to evaluate additional income potential through approved improvements.
Current community business zoning supports a range of community-serving uses, and the existing configuration is designed for flexible commercial operations based on the current multi-unit layout.
The building is located on more than 10 acres with State Road frontage, offering visibility and straightforward access for community-serving businesses. The property is positioned for continued tenant stability and provides an opportunity to evaluate additional income potential through approved improvements.
Current community business zoning supports a range of community-serving uses, and the existing configuration is designed for flexible commercial operations based on the current multi-unit layout.
Key Highlights
- Fully leased 12,000 SF mixed‑use commercial building in Davison
- 4 fully occupied units with tenant uses including office, medical, and service‑based businesses
- Located on over 10 acres with State Road frontage
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.2k | $21.60 |
| − Vacancy | −$32.4k | −$2.70 |
| EGI | $226.8k | $18.90 |
| − OpEx | −$90.7k | −$7.56 |
| NOI | $136.1k | $11.34 |
12,000 SF · lease $21.60/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 8.78%
Second Best
Office B
$1.89M
$1.65M – $2.20M
NOI $132,196 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,758 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully leased four-unit mixed-use building with a 2025 roof, community business zoning, and State Road frontage.
Where is this office units located?
The property is located at N 3390 N State Road Unit SourceFi Davison, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully leased 12,000 SF mixed‑use commercial building in Davison; 4 fully occupied units with tenant uses including office, medical, and service‑based businesses; Located on over 10 acres with State Road frontage
