Flex Space with Rear Roll-Up
For Sale
$1,250,000
35075 Forton Court, Clinton Township, MI 48035
COMMERCIAL - Clinton Township, MI
Property Size10,000 SF
Lot Size0.58 Acres
Price / SF$125
Days on Market328
Property Features for 35075 Forton Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Subdivision
Forton Indust Sub
Lot features
Cul-De-Sac, Industrial
Standard status
Active
APN
16-11-26-378-014
Size
10,000 SF
Lot size
0.58 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Roof type
Asphalt, Flat
Listing Agency:
Professional Leasing & Sales LLC
(586) 996-9900
Listed By:
Robert Kluck · License #6502364544
(586) 996-9900
Added: Oct 5, 2025
Changed: Aug 4
Last Checked: Aug 28 at 1:06AM
MLS# 50190550
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space investment is built for business use and currently fully leased. The property sits on a 0.58-acre lot and includes a 1,000 SF office area at the front plus two bathrooms. A 10 x 10 roll-up door is located in the rear for convenient access. The property offers spacious parking, and the all-cement site is reported to be in very good condition. Mechanical features include forced-air heating and central air conditioning. The building was constructed in 1995 and has a flat asphalt roof. Public water service is available, and showings require 24-hour notice.
Conveniently located near 15 Mile and Harper, the property is described as moments on to I-94. The large parking area may allow the building to be divided if an owner seeks a multi-tenant configuration.
Conveniently located near 15 Mile and Harper, the property is described as moments on to I-94. The large parking area may allow the building to be divided if an owner seeks a multi-tenant configuration.
Key Highlights
- 0.58‑acre lot with spacious parking and all‑cement site reported in very good condition
- Rear 10 x 10 roll‑up door for practical loading and access
- 1,000 SF front office area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,271,560
$2.3M
Cap Rate 7%
$1,622,543
$1.6M
Cap Rate 9%
$1,261,978
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$198.0K $19.80/SF
− Vacancy
−$23.3K −$2.33/SF
EGI
$174.7K $17.47/SF
− OpEx
−$61.2K −$6.12/SF
NOI
$113.6K $11.36/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,271,560
Cap Rate 7%
$1,622,543
Cap Rate 9%
$1,261,978
Alternative Uses
Best Use
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,578 @ 7.0% cap · market cap 9.09%
Second Best
Industrial
$770.3K
$674.0K – $898.7K
NOI $53,921 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,051 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48035, MI
34,018
Population
15,615
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
3,866
Density / Sq Mi
$69,245
Median Household Income
$41,167
Median Earnings
$1,111
Median Rent
$181,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- California Pasta Shops Inc — 33905 Harper Ave, Clinton Twp, MI 48035
- Bossman Catering Services LLC — 34376 Harper Ave, Clinton Twp, MI 48035
- A Living Experience — 35666 Harper Ave, Clinton Twp, MI 48035
Frequently Asked Questions
What type of property is this?
Flex space - Flex space on 0.58 acres with central air, a rear 10-by-10 roll-up door, and front office space.
Where is this flex space located?
The property is located at 35075 Forton Court Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 0.58‑acre lot with spacious parking and all‑cement site reported in very good condition; Rear 10 x 10 roll‑up door for practical loading and access; 1,000 SF front office area
