Retail Property on Main
3965 Parsons Road Howell, MI 48855
3965 Parsons Road, Howell, MI, 48855
$425,000
For Sale
$425,000
Expansive retail property with zoning for retail service commercial and convenient access to major highways.
Property Size3,600 SF
Lot Size1.00 Acre
Price / SF$118.06
Days on Market22
Property Features for 3965 Parsons Road
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing Agency
KW Realty Livingston
(586) 443-1618
Listed by
Brigel Lulaj · License #6501448878
(586) 443-1618
Source
Carolbollo
Added: Jun 30 Updated: Jul 20 at 5:59 pm Checked: Jul 20 at 5:59 pm
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 KW Realty Livingston
Investment Insights
Based on property information with market context.
This expansive retail property offers over 3,600 square feet of space on a generous 1-acre lot. The property is located on a main corridor in Howell Township and is designated with retail service commercial zoning, supporting a range of retail-oriented uses.
Convenient highway connectivity is a key feature, with access to major routes I-96 and M-59.
The offering is presented for sale.
Convenient highway connectivity is a key feature, with access to major routes I-96 and M-59.
The offering is presented for sale.
Key Highlights
- 1979‑built retail property with 3,600+ SF of space on a 1‑acre lot
- Retail service commercial zoning
- Convenient access to major highways I‑96 and M‑59
Local Financial Insights For Retail
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 | $64.8k | $18.00 |
| − Vacancy | −$11.6k | −$3.22 |
| EGI | $53.2k | $14.78 |
| − OpEx | −$16.0k | −$4.43 |
| NOI | $37.2k | $10.34 |
3,600 SF · lease $18.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$532.0K
$465.5K – $620.7K
NOI $37,241 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$573.4K
$501.8K – $669.0K
NOI $40,140 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Expansive retail property with zoning for retail service commercial and convenient access to major highways.
Where is this retail space located?
The property is located at 3965 Parsons Road Howell, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1979‑built retail property with 3,600+ SF of space on a 1‑acre lot; Retail service commercial zoning; Convenient access to major highways I‑96 and M‑59
