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Building Details

Year Built 1986

Year Renovated 2021

Tenancy Single

Listing Agency: Stream Capital Partners

Listed By: Adam English · License #AL 000096920 Show Phone

Source: Crexi

Added: May 1 Changed: Oct 3 Last Checked: Oct 14 at 9:32PM

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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 Stream Capital Partners

Investment Insights

Based on property information with market context.

This gas station property is associated with GPM Investments and was built in 1986. The recorded property size is 3,647.

The property is located at 4497 South Washington Street in Ubly, Michigan 48475.

Key Highlights

• Gas station property
• Associated with GPM Investments
• Built in 1986

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,267

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,340 $985.3K

Cap Rate 7%

$703,814 $703.8K

Cap Rate 9%

$547,411 $547.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,647 SF

Gross rent

$73.1K $20.04/SF

− Vacancy

−$2.7K −$0.74/SF

EGI

$70.4K $19.30/SF

− OpEx

−$21.1K −$5.79/SF

NOI

$49.3K $13.51/SF

Area

Huron County, MI

Vacancy

3.70%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,340

Cap Rate 7%

$703,814

Cap Rate 9%

$547,411

Alternative Uses

Best Use

Industrial

$703.8K

$615.8K – $821.1K (±1% cap)

NOI $49,267 @ 7.0% cap · market cap 3.64%

Second Best

Specialty Retail

$611.9K

$535.4K – $713.9K (±1% cap)

NOI $42,834 @ 7.0% cap · market cap 3.16%

Theoretical Best

Warehouse

$848.4K

$742.4K – $989.8K (±1% cap)

NOI $59,390 @ 7.0% cap · market cap 4.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Subway Take-out & Catering Speedy Q Gas Station Sunoco Gas Station Village Mini Market Grocery & Convenience Store

Suggested Use

Top Pick Dental Office HVAC Service Auto Parts Store Garden Center Pharmacy Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

3,106 visits/mo 0.5 miles

Demographics for 48475, MI

2,691

Population

1,112

Households

2.4

Avg Household Size

42

Median Age

13%

College-Educated

93%

High-School Grad

108.1 sq mi

ZIP Area

25

Density / Sq Mi

$60,347

Median Household Income

$37,306

Median Earnings

$823

Median Rent

$158,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Gas station - Built in 1986 on South Washington Street in Ubly, Michigan.

Where is this gas station located?

The property is located at 4497 South Washington Street Ubly, MI.

What is the asking price?

The asking price for this property is $1,354,000.

What are key features of this property?

This property features: Gas station property; Associated with GPM Investments; Built in 1986