Flex Space with
For Sale
$1,050,000
35850 Utica, Clinton Township, MI 48035
B3-zoned commercial building with showroom, offices, service areas, outside storage, and ample parking.
Property Size9,755 SF
Price / SF$107.64
Days on Market23
Property Features for 35850 Utica
General Information
Standard status
Active
Size
9,755 SF
Zoning
B3
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
1,200 SF
Building Details
Year Built
1971
Buildings
1
Building Size
9,755 SF
Listing Agency:
RE/MAX First
(586) 307-4899
Listed By:
Matthew Hanke · License #6501375089
Source:
Sellinghomesinmichigan
Added: Aug 8
Changed: Aug 30
Last Checked: Aug 30 at 4:12AM
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 First
Investment Insights
Based on property information with market context.
This 9,755-square-foot flex property combines showroom, office, employee, storage, and larger service areas within a multi-section commercial building. The front showroom measures approximately 3,500 square feet and connects to a separate inventory room with shelving. Additional sections include approximately 1,200 square feet with an office and restroom, another approximately 1,200-square-foot area with a furnished break room and second restroom, and approximately 3,800 square feet served by a 10' H x 12' W overhead door. The rear lot provides outside storage space, and ample parking is available on site.
Built in 1971 and zoned B3, the property is located on Utica Road in Clinton Township, just south of Moravian Drive. Building updates include a newer roof, newer furnaces and air conditioning, and newer electrical service. A modified gross lease is also available.
Built in 1971 and zoned B3, the property is located on Utica Road in Clinton Township, just south of Moravian Drive. Building updates include a newer roof, newer furnaces and air conditioning, and newer electrical service. A modified gross lease is also available.
Key Highlights
- 9,755‑square‑foot B3‑zoned flex building
- Approximately 3,500‑square‑foot front showroom plus separate inventory room with shelving
- Approximately 3,800‑square‑foot section with 10' H x 12' W overhead door
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
$72,109
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
6.87%
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%
$1,442,180
$1.4M
Cap Rate 7%
$1,030,129
$1.0M
Cap Rate 9%
$801,211
$801.2K
Market Conditions
NOI Build-Up for 9,755 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
$117.1K $12.00/SF
− Vacancy
−$14.0K −$1.44/SF
EGI
$103.0K $10.56/SF
− OpEx
−$30.9K −$3.17/SF
NOI
$72.1K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,442,180
Cap Rate 7%
$1,030,129
Cap Rate 9%
$801,211
Alternative Uses
Best Use
Flex RnD
$1.58M
$1.38M – $1.85M
NOI $110,795 @ 7.0% cap · market cap 10.55%
Second Best
Retail
$1.03M
$901.4K – $1.20M
NOI $72,109 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,840 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Under-served
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.
Frequently Asked Questions
What type of property is this?
Flex space - B3-zoned commercial building with showroom, offices, service areas, outside storage, and ample parking.
Where is this flex space located?
The property is located at 35850 Utica Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 9,755‑square‑foot B3‑zoned flex building; Approximately 3,500‑square‑foot front showroom plus separate inventory room with shelving; Approximately 3,800‑square‑foot section with 10' H x 12' W overhead door
