Flex Building With
For Sale
$1,050,000
35850 Utica Road, Clinton Township, MI 48035
Multi-section commercial property with office, break room, storage, parking, and overhead-door access.
Property Size9,755 SF
Price / SF$107.64
Days on Market421
Property Features for 35850 Utica Road
General Information
Standard status
Active
Size
9,755 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Lease, Triple Net Lease
Taxes and HOA fees
Annual Taxes
$10,871
Building Details
Building Size
9,755 SF
Year Built
1971
Listing Agency:
RE/MAX First
(586) 307-4899
Listed By:
Matthew Hanke · License #6501375089
(586) 307-4899
Source:
Sabudarealty
Added: Jun 26, 2025
Changed: Aug 15
Last Checked: Aug 20 at 1:39PM
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 is arranged for multiple commercial functions within one building. The layout includes a 3,500-square-foot showroom, a separate inventory room with shelving, two approximately 1,200-square-foot sections, and a roughly 3,800-square-foot area with a 10-foot-high by 12-foot-wide overhead door. Office, restroom, furnished break-room, and additional restroom improvements are included, along with outside storage in the rear lot.
The property is located at 35850 Utica Road in Clinton Charter Township, south of Moravian Drive. On-site parking supports the building, while the improvements include a newer roof, furnaces, air-conditioning systems, and electrical service. A modified gross lease is also available.
The property is located at 35850 Utica Road in Clinton Charter Township, south of Moravian Drive. On-site parking supports the building, while the improvements include a newer roof, furnaces, air-conditioning systems, and electrical service. A modified gross lease is also available.
Key Highlights
- 9,755‑square‑foot flex building with four primary sections
- Approximately 3,500‑square‑foot front showroom with separate inventory room and shelving
- Approximately 3,800‑square‑foot section with a 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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-section commercial property with office, break room, storage, parking, and overhead-door access.
Where is this flex space located?
The property is located at 35850 Utica Road 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 flex building with four primary sections; Approximately 3,500‑square‑foot front showroom with separate inventory room and shelving; Approximately 3,800‑square‑foot section with a 10' H x 12' W overhead door
