Renovated Office
3592 Genesee, Lapeer, MI 48446
For Sale
$174,900
Six private offices and a shared meeting area provide a defined layout for professional operations.
Property Size1,800 SF
Price / SF$97.17
Days on Market163
Property Features for 3592 Genesee
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Condition
Property Use
Amenities
front reception desk
six private offices
meeting/common area
alarm system
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Allstate Properties. Com
(810) 653-7500
Listed By:
Jennifer Johnston · License MI #122733
(810) 922-5950
Source:
Jabachler
Added: Jun 5
Changed: Nov 11
Last Checked: Nov 12 at 10:58PM
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 Allstate Properties. Com
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Investment Insights
Based on property information with market context.
This 1,800-square-foot office building was built in 1988 and has received extensive updates, including a new roof, windows, vinyl siding, fresh paint, a furnace, and air conditioning. The interior is arranged with a reception desk, six private offices, and a shared meeting area. An alarm system is also installed.
Set off Lake Nepessing Road in Elba Township, the property lies between I-69 and M-21. A sizable gravel parking area serves the building. Utilities include natural gas, a well, and a septic field.
Set off Lake Nepessing Road in Elba Township, the property lies between I-69 and M-21. A sizable gravel parking area serves the building. Utilities include natural gas, a well, and a septic field.
Key Highlights
- 1,800‑square‑foot office building, built in 1988
- Six private offices, reception desk, and shared meeting area
- Updates include a new roof, windows, vinyl siding, paint, furnace, and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,197
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,940
$123.9K
Cap Rate 7%
$88,529
$88.5K
Cap Rate 9%
$68,856
$68.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$10.8K $6.00/SF
− Vacancy
−$2.5K −$1.41/SF
EGI
$8.3K $4.59/SF
− OpEx
−$2.1K −$1.15/SF
NOI
$6.2K $3.44/SF
Area
Lapeer County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,940
Cap Rate 7%
$88,529
Cap Rate 9%
$68,856
Alternative Uses
Best Use
Office B
$88.5K
$77.5K – $103.3K
NOI $6,197 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$294.8K
$257.9K – $343.9K
NOI $20,634 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Six private offices and a shared meeting area provide a defined layout for professional operations.
Where is this office building located?
The property is located at 3592 Genesee Lapeer, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 1,800‑square‑foot office building, built in 1988; Six private offices, reception desk, and shared meeting area; Updates include a new roof, windows, vinyl siding, paint, furnace, and air conditioning
