Warehouse Building with Truck
For Sale
$1,200,000
352 County Center St, Lapeer, MI 48446
Industrial building with overhead access, added land to the east, and immediate possession available.
Property Size11,250 SF
Price / SF$106.67
Days on Market48
Property Features for 352 County Center St
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$709
Building Details
Building Size
11,250 SF
Listing Agency:
RE/MAX Platinum - Grand Blanc
Listed By:
Scott Myers · License #6506029181
(810) 344-3363
Source:
Elliman
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 10:26AM
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 RE/MAX Platinum - Grand Blanc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property at 352 County Center St includes approximately 11,250(+/-) sq ft of building area, high ceilings, a truck well, and three overhead doors. The layout also includes additional land on the east side, providing space associated with the property for expanded exposure or future enlargement.
The building is available for sale or lease and can be occupied immediately. Its location in Lapeer, MI is rated 39 for bikeability and 30 for walkability, indicating a car-dependent setting with limited pedestrian access.
The building is available for sale or lease and can be occupied immediately. Its location in Lapeer, MI is rated 39 for bikeability and 30 for walkability, indicating a car-dependent setting with limited pedestrian access.
Key Highlights
- 11,250(+/-) sq ft warehouse building
- Truck well and high ceilings
- Three overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,370
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,400
$1.5M
Cap Rate 7%
$1,105,286
$1.1M
Cap Rate 9%
$859,667
$859.7K
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$101.3K $9.00/SF
− Vacancy
−$10.2K −$0.91/SF
EGI
$91.0K $8.09/SF
− OpEx
−$13.7K −$1.21/SF
NOI
$77.4K $6.88/SF
Area
Lapeer County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,400
Cap Rate 7%
$1,105,286
Cap Rate 9%
$859,667
Alternative Uses
Best Use
Warehouse
$1.11M
$967.1K – $1.29M
NOI $77,370 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $128,960 @ 7.0% cap · market cap 10.75%
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
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Self Storage Secure — 960 Summit St, Lapeer, MI 48446
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with overhead access, added land to the east, and immediate possession available.
Where is this warehouse located?
The property is located at 352 County Center St Lapeer, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 11,250(+/-) sq ft warehouse building; Truck well and high ceilings; Three overhead doors
