Turnkey Industrial Cultivation
For Sale
Contact for pricing
5028 Page Ave, Jackson, MI 49201
6,080 sq ft industrial building with cultivation suite.
Property Size6,080 SF
Price / SF$114.97
Days on Market163
Property Features for 5028 Page Ave
General Information
Standard status
Active
Size
6,080 SF
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
1989
Year Renovated
2018
Buildings
1
Stories
1
Units
1
Listing Agency:
EXIT Realty 1st - Jackson
Listed By:
Kimberly Gibbs · License #MI6502433572
Source:
Crexi
Added: Mar 12
Changed: Aug 11
Last Checked: Aug 20 at 6:20PM
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 EXIT Realty 1st - Jackson
Investment Insights
Based on property information with market context.
This M-Heavy Industrial building offers a 6,080 sq. ft. turnkey operation suitable for traditional industrial users and cannabis cultivation. It features a medical-grade cultivation suite and is licensed caretaker ready. The facility is designed for precision cultivation, featuring 12 ft. to 14 ft. ceilings, and steel stud construction throughout. It includes 4 grow rooms. Climate control is managed by 6-ton, 5-ton, and three 10-ton AC/Heater units, along with multiple Quest 250 dehumidifiers and high-velocity fans. The lighting system features over 100 LED lights, including 1150-watt units, with Troll Master phone-controlled automation. Water and filtration are handled by a high-capacity Reverse Osmosis system, 250-gallon cone bottom tanks, and a DAB water machine (300 GPM). The property is harvest ready, including a Twister T4 trim machine, multiple flood tables, and extensive drying racks. Power and security features include 3-phase 200 amp service and an Arlo system.
Key Highlights
- Turnkey Medical‑Grade Cannabis Cultivation Suite: Licensed and ready for operation.
- High‑Performance Cultivation Environment: State‑of‑the‑art design for precision cultivation.
- Advanced Climate Control System: Features multiple AC/Heater units, dehumidifiers, and high‑velocity fans.
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
$42,241
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
6.04%
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%
$844,820
$844.8K
Cap Rate 7%
$603,443
$603.4K
Cap Rate 9%
$469,344
$469.3K
Market Conditions
NOI Build-Up for 6,080 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
$67.1K $11.04/SF
− Vacancy
−$6.8K −$1.12/SF
EGI
$60.3K $9.92/SF
− OpEx
−$18.1K −$2.98/SF
NOI
$42.2K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /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%
$844,820
Cap Rate 7%
$603,443
Cap Rate 9%
$469,344
Alternative Uses
Best Use
Industrial
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.6K
$849.3K – $1.13M
NOI $67,940 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - 6,080 sq ft industrial building with cultivation suite.
Where is this cannabis property located?
The property is located at 5028 Page Ave Jackson, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey Medical‑Grade Cannabis Cultivation Suite: Licensed and ready for operation.; High‑Performance Cultivation Environment: State‑of‑the‑art design for precision cultivation.; Advanced Climate Control System: Features multiple AC/Heater units, dehumidifiers, and high‑velocity fans.
