Freestanding Retail Building with
For Sale
$1,282,416
4531 Lansing Rd, Bancroft, MI 48414
Freestanding retail building offering ample parking and a versatile NA zoning designation.
Property Size9,100 SF
Price / SF$140.92
Days on Market126
Property Features for 4531 Lansing Rd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail - Street Retail
Additional Details
Cap Rate
7%
Building Details
Building Size
9,100 SF
Listing Agency:
Exclusive Realty
Listed By:
Steve Sagmani
Source:
Commercialcafe
Added: May 7
Changed: Sep 8
Last Checked: Sep 1 at 3:17PM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
For sale: 4531 E Lansing Rd, Bancroft, MI 48414. This freestanding retail building offers approximately 9,100 SF of space and is positioned for single-tenant occupancy with its standalone footprint.
The property is zoned NA, providing flexibility for a range of retail and other uses subject to applicable approvals. The listing also notes ample parking, supporting convenient on-site access for customers and employees.
Overall, this is a straightforward freestanding commercial asset with NA zoning and a dedicated parking area, designed to serve retailers seeking a standalone building in Bancroft.
The property is zoned NA, providing flexibility for a range of retail and other uses subject to applicable approvals. The listing also notes ample parking, supporting convenient on-site access for customers and employees.
Overall, this is a straightforward freestanding commercial asset with NA zoning and a dedicated parking area, designed to serve retailers seeking a standalone building in Bancroft.
Key Highlights
- 9,100 SF free‑standing building in Bancroft, MI
- NA zoning for versatile use, including retail options
- 7% cap rate listed with $89,769.12 NOI
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,889,320
$1.9M
Cap Rate 7%
$1,349,514
$1.3M
Cap Rate 9%
$1,049,622
$1.0M
Market Conditions
NOI Build-Up for 9,100 SF
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.
Gross rent
$140.9K $15.48/SF
− Vacancy
−$5.9K −$0.65/SF
EGI
$135.0K $14.83/SF
− OpEx
−$40.5K −$4.45/SF
NOI
$94.5K $10.38/SF
Area
Shiawassee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,889,320
Cap Rate 7%
$1,349,514
Cap Rate 9%
$1,049,622
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,466 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,446 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 48414, MI
2,361
Population
1,162
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
93%
High-School Grad
31.6 sq mi
ZIP Area
75
Density / Sq Mi
$66,071
Median Household Income
$41,921
Median Earnings
$892
Median Rent
$182,800
Median Home Value
Market
Vacancy Rate% for Retail 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 - Freestanding retail building offering ample parking and a versatile NA zoning designation.
Where is this retail space located?
The property is located at 4531 Lansing Rd Bancroft, MI.
What is the asking price?
The asking price for this property is $1,282,416.
What are key features of this property?
This property features: 9,100 SF free‑standing building in Bancroft, MI; NA zoning for versatile use, including retail options; 7% cap rate listed with $89,769.12 NOI
