Flex Industrial Building with New Garage
For Sale
$265,000
Pending
5482 Miller Rd, Swartz Creek, MI 48473
Nearly brand-new flex/industrial building with updated roof, vinyl siding, bathroom, office area, and modern garage doors.
Property Size1,963 SF
Days on Market184
Property Features for 5482 Miller Rd
General Information
Standard status
Pending
Size
1,963 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,988
Building Details
Building Size
1,963 SF
Year Built
1950
Listing Agency:
The Brokerage Real Estate Enthusiasts
Listed By:
Nykole Pfaff · License #6501377378
(810) 875-3908
Source:
Elliman
Added: Apr 28
Changed: Oct 26
Last Checked: Oct 28 at 8:45AM
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 The Brokerage Real Estate Enthusiasts
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Investment Insights
Based on property information with market context.
This nearly brand-new flex/industrial building offers an updated interior and a modern exterior. Constructed of solid block and described as exceptionally well insulated, the building is designed to help maintain comfortable temperatures year-round with energy-efficient heating and cooling. Exterior improvements include a new roof and new vinyl siding, along with modern garage doors. The interior layout includes a dedicated office area and a bathroom to support day-to-day business use.
Located at 5482 Miller Rd in Swartz Creek, the property sits on a high-traffic main road with strong visibility and accessibility. It is positioned just minutes from I-69 and I-75, supporting convenient access for employees, customers, and deliveries. The building is also right next door to GM.
For sale and positioned as move-in-ready, this updated structure is presented as a clean, functional space for operating a business with straightforward on-site office and restroom support.
Located at 5482 Miller Rd in Swartz Creek, the property sits on a high-traffic main road with strong visibility and accessibility. It is positioned just minutes from I-69 and I-75, supporting convenient access for employees, customers, and deliveries. The building is also right next door to GM.
For sale and positioned as move-in-ready, this updated structure is presented as a clean, functional space for operating a business with straightforward on-site office and restroom support.
Key Highlights
- 1950‑built commercial flex/industrial building updated with a new roof, new vinyl siding, and modern garage doors
- Solid block construction with strong insulation to help maintain comfortable temperatures and support energy efficiency
- Interior includes a bathroom and a dedicated office area for flexible business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,118
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,360
$222.4K
Cap Rate 7%
$158,829
$158.8K
Cap Rate 9%
$123,533
$123.5K
Market Conditions
NOI Build-Up for 1,963 SF
Gross rent
$17.7K $9.00/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$15.9K $8.09/SF
− OpEx
−$4.8K −$2.43/SF
NOI
$11.1K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,360
Cap Rate 7%
$158,829
Cap Rate 9%
$123,533
Alternative Uses
Best Use
Industrial
$158.8K
$139.0K – $185.3K
NOI $11,118 @ 7.0% cap · market cap 4.20%
Second Best
Flex RnD
$157.3K
$137.7K – $183.5K
NOI $11,012 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$413.1K
$361.4K – $481.9K
NOI $28,915 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 48473, MI
22,035
Population
9,853
Households
2.2
Avg Household Size
45
Median Age
25%
College-Educated
95%
High-School Grad
56.2 sq mi
ZIP Area
392
Density / Sq Mi
$76,765
Median Household Income
$40,908
Median Earnings
$1,092
Median Rent
$191,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Nearly brand-new flex/industrial building with updated roof, vinyl siding, bathroom, office area, and modern garage doors.
Where is this flex space located?
The property is located at 5482 Miller Rd Swartz Creek, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1950‑built commercial flex/industrial building updated with a new roof, new vinyl siding, and modern garage doors; Solid block construction with strong insulation to help maintain comfortable temperatures and support energy efficiency; Interior includes a bathroom and a dedicated office area for flexible business use
