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    New Flex Space in Almont Title is generated by Realmo AI

    4639 Development Dr, Almont, MI 48003

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    New flex space with customization options and tax abatement.

    Type:Industrial
    Property size:
    22,271 SF
    Lot size:
    2.40 Acres
    Price / SF:
    $134/SF
    Added:
    Mar 2, 2026
    Days on Market:
    75
    Last Refresh:
    Mar 16 at 1:54 pm

    Property Features for 4639 Development Dr

    General Information

    Standard status
    Active
    Size
    22,271 SF
    Lot size
    2.40 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2026

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    Listing Contact
    Perry Pelton
    Perry Pelton

    Listing agent Perry Pelton License #MI 6502388012

    Listing office Perry Pelton

    Listing date Mar 2, 2026

    Source Crexi

    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 Perry Pelton

    HighLights

    • New construction with expected delivery June 2026.
    • Michigan Tax Abatement available.
    • Customizable property to suit specific needs.
    • 22,721 total square feet (2,325 sf office, 20,396 sf warehouse).
    • Convenient location: close proximity to Hwy 53 (0.5 miles) and I‑69 (5 miles).
    • Ample power supply: 1,000 Amps 480/277 volt - 3 phase (75 KVA trnsfmr).

    Overview

    This flex space property, with expected delivery in June 2026, offers a total of 22,721 square feet, including 2,325 square feet of office space and 20,396 square feet of warehouse space. The building features a masonry front office and a metal warehouse. The warehouse has a 20-foot clear height, one loading dock, and one drive-in, at-grade overhead door. Electrical capacity includes 1,000 Amps at 480/277 volts with 3-phase power (75 KVA transformer). The property is situated on an approximately 2.4-acre lot with about 200 feet of road frontage on Development Drive, at the cross street of Research Drive. It includes 45 parking spaces. Located in Almont, MI, the property is half a mile east of Hwy 53 and five miles south of I-69. Additional land is available for outdoor storage, and the property can be customized. A Michigan Tax Abatement is available.

    Financial Insights

    Value Estimation Calculated for Flex RnD

    Conservative
    $2.17M
    NOI $195,211 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.79M
    NOI $195,211 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.90M
    NOI $195,211 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Flex RnD

    Component $ $/SF
    Gross rent $334.1k $15.00
    − Vacancy −$33.7k −$1.52
    EGI $300.3k $13.49
    − OpEx −$105.1k −$4.72
    NOI $195.2k $8.77
    22,271 SF · lease $15.00/SF/yr · vacancy 10.10% · expense 35.00%

    Alternative Use Scenarios

    Best Use
    Flex RnD
    $2.79M
    $2.44M – $3.25M (±1% cap)
    NOI $195,211 @ 7.0% cap · market cap 6.54%
    Second Best
    Warehouse
    $2.19M
    $1.91M – $2.55M (±1% cap)
    NOI $153,165 @ 7.0% cap · market cap 5.13%
    Theoretical Best
    Healthcare Medical
    $3.65M
    $3.19M – $4.25M (±1% cap)
    NOI $255,295 @ 7.0% cap · market cap 8.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Almont
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.0375
    Latitude
    42.9337

    FAQs

    What type of property is this?
    Flex space - New flex space with customization options and tax abatement.
    Where is this flex space located?
    The property is located at 4639 Development Dr Almont, MI.
    What is the asking price?
    The asking price for this property is $2,985,000.
    What are key features of this property?
    This property features: New construction with expected delivery June 2026.; Michigan Tax Abatement available.; Customizable property to suit specific needs.
    More about this property
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