Self-Storage Property with Propane
49260 Van Dyke Avenue, Shelby Township, MI 48317
For Sale
Contact for pricing
The commercial parcel includes an existing building and propane sales operation.
Property Size4,500 SF
Lot Size1.20 Acres
Price / SF$288.89
Days on Market46
Property Features for 49260 Van Dyke Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Property Use
Building Details
Building Size
Listing Agency:
Schmidt realty
Listed By:
Michael Schmidt · License #8675087609324
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 5:36PM
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 Schmidt realty
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Investment Insights
Based on property information with market context.
The offering includes a 1.2-acre parcel with a 4,500-square-foot building and propane sales. The property is located at 49260 Van Dyke Avenue in Shelby Township, Michigan.
Key Highlights
- 1.2‑acre parcel
- 4,500‑square‑foot building
- Propane sales
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,185
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,700
$843.7K
Cap Rate 7%
$602,643
$602.6K
Cap Rate 9%
$468,722
$468.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$64.8K $14.40/SF
− Vacancy
−$4.5K −$1.01/SF
EGI
$60.3K $13.39/SF
− OpEx
−$18.1K −$4.02/SF
NOI
$42.2K $9.37/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,700
Cap Rate 7%
$602,643
Cap Rate 9%
$468,722
Alternative Uses
Best Use
Self Storage
$602.6K
$527.3K – $703.1K
NOI $42,185 @ 7.0% cap · market cap 3.25%
Second Best
Warehouse
$379.7K
$332.2K – $443.0K
NOI $26,577 @ 7.0% cap · market cap 2.04%
Theoretical Best
Specialty Retail
$842.5K
$737.2K – $982.9K
NOI $58,973 @ 7.0% cap · market cap 4.54%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - The commercial parcel includes an existing building and propane sales operation.
Where is this self storage facility located?
The property is located at 49260 Van Dyke Avenue Shelby Township, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1.2‑acre parcel; 4,500‑square‑foot building; Propane sales
