Professional Office
New
For Sale
$275,000
439 Upton Drive #6, St Joseph, MI 49085
The space includes parking and is offered for either purchase or lease.
Property Size1,872 SF
Price / SF$146.90
Days on Market7
Property Features for 439 Upton Drive #6
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,165
Building Details
Building Size
1,872 SF
Year Built
2003
Buildings
1
Stories
1
Units
1
Listing Agency:
@properties Christie's International R.E.
(269) 469-0700
Listed By:
Chris Marzke · License #6506044266
(269) 208-3635
Source:
Homeflexrealty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 7:31AM
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 @properties Christie's International R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,872-square-foot office unit is located within Edgewater Center, a business center with other professional tenants. Built in 2003, the unit is available for purchase or lease.
The property is near beaches and Harbor Shores, with parking available on site.
The property is near beaches and Harbor Shores, with parking available on site.
Key Highlights
- 1,872‑square‑foot office unit
- Built in 2003
- Located within Edgewater Center, a business center with professional tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,623
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,460
$412.5K
Cap Rate 7%
$294,614
$294.6K
Cap Rate 9%
$229,144
$229.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$31.9K $17.04/SF
− Vacancy
−$4.4K −$2.35/SF
EGI
$27.5K $14.69/SF
− OpEx
−$6.9K −$3.67/SF
NOI
$20.6K $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%
$412,460
Cap Rate 7%
$294,614
Cap Rate 9%
$229,144
Alternative Uses
Best Use
Office B
$294.6K
$257.8K – $343.7K
NOI $20,623 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 49085, MI
24,047
Population
11,468
Households
2.1
Avg Household Size
44
Median Age
49%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
998
Density / Sq Mi
$101,763
Median Household Income
$58,316
Median Earnings
$1,099
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The space includes parking and is offered for either purchase or lease.
Where is this office unit located?
The property is located at 439 Upton Drive #6 St Joseph, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,872‑square‑foot office unit; Built in 2003; Located within Edgewater Center, a business center with professional tenants
