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    Multi-Section Flex Industrial Building Title is generated by Realmo AI

    35850 Utica Road, Clinton Township, MI 48035

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    For Sale
    $1,400,000

    COMMERCIAL - Clinton Township, MI

    Property size:
    9,755 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $143/SF
    Added:
    Jun 26, 2025
    Days on Market:
    344
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 35850 Utica Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Exterior features
    Fenced Yard
    Fencing
    Fenced
    Standard status
    Active
    APN
    16-11-30-329-002
    Size
    9,755 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ceiling Fan(s), Exhaust Fan (Cooling)
    Water source
    Public

    Building Details

    Year built
    1971
    Roof type
    Composition

    We can help!

    Listing Contact
    Matthew Hanke
    Matthew Hanke

    Listing agent Matthew Hanke License #6501375089

    Listing office RE/MAX First 37040 Garfield Rd Ste T-2, MI

    Listing date Jun 26, 2025

    MLS# 50179792

    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.

    HighLights

    • 9,755 sq. ft. multi‑use commercial building in Clinton Twp. on Utica Rd, just south of Moravian Drive
    • Zoned B3 with a front showroom approx. 3,500 sq. ft. plus separate inventory room with ample shelving
    • Four main sections: approx. 1,200 sq. ft. office/restroom, approx. 1,200 sq. ft. furnished break room/second restroom, and approx. 3,800 sq. ft. rear section
    • Rear section includes a 10' H x 12' W overhead door; additional outside storage in the back lot
    • Ample parking with parking lot onsite and fenced yard/storage area
    • Updates include newer roof, newer furnaces with A/C, and newer electrical; also offers forced air heat and central air with ceiling fans

    Overview

    This multi-use commercial building totals 9,755 square feet and is divided into four main sections. The front showroom is approximately 3,500 square feet and includes a separate inventory room with ample shelving. Two additional interior sections each measure approximately 1,200 square feet and feature office and restroom amenities, with one also including a furnished break room and second restroom. The fourth section is approximately 3,800 square feet and includes a 10' H x 12' W overhead door, supporting flexible operations. The property also includes outside storage space in the back lot.

    The building is zoned B3 and located in Clinton Township on Utica Road, just south of Moravian Drive, with ample parking for customer and employee access. The offering notes high traffic exposure along the corridor and includes a lot size of 0.41 acres. Recent capital improvements are identified as a newer roof, newer furnaces with A/C, and newer electrical.

    For tenants, owners, or buyers, the layout supports a mix of showroom and back-of-house functions, with dedicated restroom facilities across multiple sections and an overhead door area for handling goods. The B3 zoning and on-site parking align well with a range of commercial uses that benefit from both front-facing customer space and practical warehouse or service access. A modified gross lease is also noted as available.

    Local Financial Insights For Flex RnD

    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 $193.1k $19.80
    − Vacancy −$22.7k −$2.33
    EGI $170.5k $17.47
    − OpEx −$59.7k −$6.12
    NOI $110.8k $11.36
    9,755 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $1.58M
    $1.38M – $1.85M (±1% cap)
    NOI $110,795 @ 7.0% cap · market cap 7.91%
    Second Best
    Retail
    $1.03M
    $901.4K – $1.20M (±1% cap)
    NOI $72,109 @ 7.0% cap · market cap 5.15%
    Theoretical Best
    Specialty Retail
    $1.83M
    $1.60M – $2.13M (±1% cap)
    NOI $127,840 @ 7.0% cap · market cap 9.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.963981
    Latitude
    42.559652

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    FAQs

    What type of property is this?
    Flex space - Multi-section building with showroom, office restrooms, overhead door, and outside storage in a B3 zoned Clinton Township location.
    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 $1,400,000.
    What are key features of this property?
    This property features: 9,755 sq. ft. multi‑use commercial building in Clinton Twp. on Utica Rd, just south of Moravian Drive; Zoned B3 with a front showroom approx. 3,500 sq. ft. plus separate inventory room with ample shelving; Four main sections: approx. 1,200 sq. ft. office/restroom, approx. 1,200 sq. ft. furnished break room/second restroom, and approx. 3,800 sq. ft. rear section
    (586) 307-4899
    We can help!
    Listing Contact
    Matthew Hanke
    Matthew Hanke
    Real Estate License ID: 6501375089
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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