Flex Space with Overhead
For Sale
$1,050,000
35850 Utica Road, Clinton Township, MI 48035
COMMERCIAL - Clinton Township, MI
Property Size9,755 SF
Lot Size0.41 Acres
Price / SF$107.64
Days on Market429
Property Features for 35850 Utica Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Fenced Yard
Fencing
Fenced
Subdivision
Clinton Twp (50011)
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
Exhaust Fan (Cooling), Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1971
Roof type
Composition
Listing Agency:
RE/MAX First · RE/MAX International
(586) 792-8000
Listed By:
Matthew Hanke · License #6501375089
(586) 307-4899
Added: Jun 26, 2025
Changed: Aug 4
Last Checked: Aug 28 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This flex space at 35850 Utica Road is a multi-use commercial building totaling 9,755 SF and built in 1971. The space is arranged into four main sections. The front showroom is approximately 3,500 SF and includes a separate inventory room with ample shelving. Two additional sections are approximately 1,200 SF each and include a dedicated office and restroom, plus a furnished break room with a second restroom. The fourth section is approximately 3,800 SF and features a 10' H x 12' W overhead door. Additional outside storage space is available in the back lot.
The property offers ample parking with a parking lot, and it has a fenced yard. Heating is forced air, and cooling includes central air with ceiling and exhaust fans. Updates include a newer roof, newer furnaces & A/C, and newer electrical. Water service is public, and the roof is composition.
The building is zoned B3 in Clinton Township, located on Utica Rd just south of Moravian Drive. A modified gross lease is also available.
The property offers ample parking with a parking lot, and it has a fenced yard. Heating is forced air, and cooling includes central air with ceiling and exhaust fans. Updates include a newer roof, newer furnaces & A/C, and newer electrical. Water service is public, and the roof is composition.
The building is zoned B3 in Clinton Township, located on Utica Rd just south of Moravian Drive. A modified gross lease is also available.
Key Highlights
- Zoned B3 flex space totaling 9,755 SF built in 1971
- Four‑section layout: approx. 3,500 SF front showroom plus separate inventory room
- Two sections of approx. 1,200 SF each with office/restroom and furnished break room/2nd restroom
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
$52,600
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
5.01%
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%
$1,052,000
$1.1M
Cap Rate 7%
$751,429
$751.4K
Cap Rate 9%
$584,444
$584.4K
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
$79.6K $8.16/SF
− Vacancy
−$4.5K −$0.46/SF
EGI
$75.1K $7.70/SF
− OpEx
−$22.5K −$2.31/SF
NOI
$52.6K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /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%
$1,052,000
Cap Rate 7%
$751,429
Cap Rate 9%
$584,444
Alternative Uses
Best Use
Flex RnD
$1.58M
$1.38M – $1.85M
NOI $110,795 @ 7.0% cap · market cap 10.55%
Second Best
Industrial
$751.4K
$657.5K – $876.7K
NOI $52,600 @ 7.0% cap · market cap 5.01%
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
381
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 - Zoned B3 flex space with multiple buildout sections, central air, and an overhead door for flexible warehouse or showroom use.
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: Zoned B3 flex space totaling 9,755 SF built in 1971; Four‑section layout: approx. 3,500 SF front showroom plus separate inventory room; Two sections of approx. 1,200 SF each with office/restroom and furnished break room/2nd restroom
