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    Muskegon Industrial Space For Lease Title is generated by Realmo AI

    3918 Holton Road, Muskegon, MI 49445

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    For Lease
    $12 SF/Yr $2,800/Mo (calc)

    COMMERCIAL - Muskegon, MI

    Property size:
    2,800 SF
    Lot size:
    7.20 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 3918 Holton Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active
    APN
    07-024-400-0018-00
    Size
    2,800 SF
    Lot size
    7.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DALTON TOWNSHIP D-0368E SEC 24 T11N R16W THAT PART OF SD SEC DESC AS COM AT THE S 1/4 COR TH N 1D 15M 56S W 305.38 FT ALG THE N/S 1/4 LN TH N 88D 44D 4S E 336 FT TH N 1D 15M 56S W 489.75 FT FOR POB TH N 89D 56M 21S E 308.03 FT TH N 1D 10M 21S W 519.8 5 FT TH S 89D 52M 43S W 317.47 FT ALG THE S 1/8 LN TH S 1D 13M 8S E 313.45 FT TH S 89D 43M 00S W 327.50 FT TH S 00D 26M 00S E 123 FT TH N 89D 34M 00S

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Tabitha L Cox
    Tabitha L Cox

    Listing agent Tabitha L Cox

    Listing office Five Star Real Estate Whitehall 511 E Colby, Whitehall, MI

    Listing date May 15, 2026

    MLS# 26022791

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious 2,800 sq. ft. industrial/pole barn space
    • Gross lease includes all utilities, garbage service, snow removal, and lawn care
    • Two oversized 14' overhead doors
    • Impressive 16' ceiling height
    • Ideal for contractors, storage, light industrial use, workshop space, or business operations
    • Private bathroom

    Overview

    This 2,800 square foot industrial space is available for lease. The building features two oversized 14-foot overhead doors and a 16-foot ceiling height. It includes a private bathroom. The space is suitable for contractors, storage, light industrial use, workshop space, or business operations. The lease is a gross lease, which includes garbage service, snow removal, lawn care, and all utilities in the monthly rent. The property is located in Muskegon, MI, and is situated on a 7.2-acre lot. It offers convenient access and ample workspace, making it suitable for a variety of commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Auto Repair Shop Department Store Storage Facility Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1669818
    Latitude
    43.3258188

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    FAQs

    What type of property is this?
    Flex space - 2,800 SF industrial space with oversized doors and high ceilings.
    Where is this flex space located?
    The property is located at 3918 Holton Road Muskegon, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Spacious 2,800 sq. ft. industrial/pole barn space; Gross lease includes all utilities, garbage service, snow removal, and lawn care; Two oversized 14' overhead doors
    (231) 224-6105
    We can help!
    Listing Contact
    Tabitha L Cox
    Tabitha L Cox
    Learn More
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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.

    More about this property
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