Class B Office Unit with Training
4333 Red Arrow Highway B, Stevensville, MI 49127
For Sale
Contact for pricing
Configured with private offices, kitchenette, lounge space, and a presentation-ready room.
Property Size1,340 SF
Price / SF$0.01
Days on Market53
Property Features for 4333 Red Arrow Highway B
General Information
Standard status
Size
Class
Total Parking Spaces
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Office Units
Amenities
internet
gas
electric
water
snow plowing
kitchenette
lounge/lunch room
training room with TV screen
signage
Listing Agency:
RE/MAX by the Lake
(269) 281-4186
Listed By:
Lars A Petzke · License MI #6502409512
(269) 369-6348
Source:
Blueowlprop
Added: Sep 19
Changed: Nov 10
Last Checked: Nov 10 at 7:30AM
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 RE/MAX by the Lake
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Investment Insights
Based on property information with market context.
The 1,340 SF front office unit is arranged with four junior offices, one larger senior office suite, a bathroom, kitchenette, lounge or lunch area, and a spacious entry room equipped with long tables and a TV screen for presentations. A lockable door separates the front and back units. The property also has a new roof.
Internet, gas, electric, water, and seasonal snow plowing are included. Up to 12 parking spaces are available. An adjoining 560 SF office may also be available, subject to the current tenant’s rights; that space has its own entrance, bathroom, reception area, and large conference room.
Internet, gas, electric, water, and seasonal snow plowing are included. Up to 12 parking spaces are available. An adjoining 560 SF office may also be available, subject to the current tenant’s rights; that space has its own entrance, bathroom, reception area, and large conference room.
Key Highlights
- 1,340 SF front office unit with four junior offices and one senior office suite
- Large entry area and training room with long tables and TV screen
- Kitchenette, lounge or lunch area, and bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,240
$295.2K
Cap Rate 7%
$210,886
$210.9K
Cap Rate 9%
$164,022
$164.0K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$22.8K $17.04/SF
− Vacancy
−$3.2K −$2.35/SF
EGI
$19.7K $14.69/SF
− OpEx
−$4.9K −$3.67/SF
NOI
$14.8K $11.02/SF
Area
Berrien County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,240
Cap Rate 7%
$210,886
Cap Rate 9%
$164,022
Alternative Uses
Best Use
Office B
$210.9K
$184.5K – $246.0K
NOI $14,762 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.0K
$246.7K – $329.0K
NOI $19,738 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 49127, MI
10,811
Population
5,043
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
17.1 sq mi
ZIP Area
632
Density / Sq Mi
$96,781
Median Household Income
$44,903
Median Earnings
$1,103
Median Rent
$287,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Berrien County, MI
Properties on Market for Office Units in Berrien County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, kitchenette, lounge space, and a presentation-ready room.
Where is this office unit located?
The property is located at 4333 Red Arrow Highway B Stevensville, MI.
What are key features of this property?
This property features: 1,340 SF front office unit with four junior offices and one senior office suite; Large entry area and training room with long tables and TV screen; Kitchenette, lounge or lunch area, and bathroom included
