4218 Grand River Avenue, Howell, MI 48843
Newer condo ideal for retail, office, medical, or service.
- Added:
- Jul 18, 2022
- Days on Market:
- 1450
- Last Refresh:
- Jul 4 at 8:48 am
Property Features for 4218 Grand River Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2003
Listing office Gerdom Realty & Investment (248) 242-6766
Listing date Jul 18, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Gerdom Realty & Investment
HighLights
- Great location in a growing area near Downtown Howell.
- Easy freeway access.
- Suitable for retail, office, medical, or service use.
- Located in a center with high traffic from national tenants (Meijer, Big Lots, Petsmart, Tractor Supply Company).
- Newer construction (built in 2003).
- Available for sale or lease.
Overview
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 | $108.0k | $18.00 |
| − Vacancy | −$19.3k | −$3.22 |
| EGI | $88.7k | $14.78 |
| − OpEx | −$26.6k | −$4.43 |
| NOI | $62.1k | $10.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Howell
- County
- Livingston
- State
- Michigan
- Longitude
- -83.868772
- Latitude
- 42.58348
