Office/Retail Condo Near Downtown
For Sale
Contact for pricing
4218 Grand River Avenue, Howell, MI 48843
Newer condo ideal for retail, office, medical, or service.
Property Size6,000 SF
Price / SF$165.83
Days on Market1542
Property Features for 4218 Grand River Avenue
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
Gerdom Realty & Investment
Listed By:
Michael Murphy · License #6501389134
(248) 242-6766
Source:
Crexi
Added: Jul 18, 2022
Changed: Sep 21
Last Checked: Oct 5 at 3:57PM
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 Gerdom Realty & Investment
Investment Insights
Based on property information with market context.
This newer office/retail condominium is located near Downtown Howell. Its location in a growing area and easy freeway access make it suitable for retail, office, medical, or service businesses. The property is surrounded by retailers including Meijer, Big Lots, Petsmart, and Tractor Supply Company, which contribute to the area's traffic. The property size is 6000 square feet.
Key Highlights
- Great location in a growing area near Downtown Howell.
- Easy freeway access.
- Suitable for retail, office, medical, or service use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,068
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,360
$1.2M
Cap Rate 7%
$886,686
$886.7K
Cap Rate 9%
$689,644
$689.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$19.3K −$3.22/SF
EGI
$88.7K $14.78/SF
− OpEx
−$26.6K −$4.43/SF
NOI
$62.1K $10.34/SF
Area
Livingston County, MI
Vacancy
17.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,360
Cap Rate 7%
$886,686
Cap Rate 9%
$689,644
Alternative Uses
Best Use
Retail
$886.7K
$775.9K – $1.03M
NOI $62,068 @ 7.0% cap · market cap 6.24%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 2.08%
Theoretical Best
Healthcare Medical
$955.7K
$836.3K – $1.12M
NOI $66,900 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 48843, MI
47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Retail space - Newer condo ideal for retail, office, medical, or service.
Where is this retail space located?
The property is located at 4218 Grand River Avenue Howell, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Great location in a growing area near Downtown Howell.; Easy freeway access.; Suitable for retail, office, medical, or service use.
