Clear-Span Flex Industrial
5782 James Drive Unit SourceFi Stevensville, MI 49127
5782 James Drive Unit SourceFi, Stevensville, MI, 49127
$230,000
For Sale
$230,000
Recently renovated clear-span, steel-frame building with an 8-by-10 overhead door and paved road access alongside the parcel.
Property Size1,584 SF
Price / SF$145.20
Days on Market63
Property Features for 5782 James Drive Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1969
Listing Agency
(269) 921-1125
Listed by
Vision Real Estate Lakeshore
Source
Xome
Added: May 19 Checked: Jul 20 at 1:42 am
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 Vision Real Estate Lakeshore
Investment Insights
Based on property information with market context.
This recently renovated clear-span, steel-frame multi-use building is configured for flexible use, with numerous new features referenced in the rehab. The building measures 1,584 square feet and includes a single overhead door measuring 8 feet in height by 10 feet in width. The property has been rehabbed for a robotics assembly business, supporting light industrial and hands-on workspace needs.
The parcel sits alongside paved Jory Ln, which runs and ends alongside the property, providing straightforward access to the building.
Overall, the clear-span layout and dedicated overhead door make the space well-suited for light manufacturing, assembly-style work, or adaptable commercial uses that benefit from an open interior.
The parcel sits alongside paved Jory Ln, which runs and ends alongside the property, providing straightforward access to the building.
Overall, the clear-span layout and dedicated overhead door make the space well-suited for light manufacturing, assembly-style work, or adaptable commercial uses that benefit from an open interior.
Key Highlights
- Recently renovated clear‑span, steel‑frame multi‑use building (built in 1969)
- 8 ft by 10 ft overhead door provides access for equipment and vehicles
- Paved Jory Ln runs/ends alongside the parcel for direct paved road access
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.3k | $8.40 |
| − Vacancy | −$1.1k | −$0.70 |
| EGI | $12.2k | $7.70 |
| − OpEx | −$4.3k | −$2.70 |
| NOI | $7.9k | $5.01 |
1,584 SF · lease $8.40/SF/yr · vacancy 8.30% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$113.3K
$99.1K – $132.2K
NOI $7,931 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$101.1K
$88.5K – $118.0K
NOI $7,077 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$333.3K
$291.7K – $388.9K
NOI $23,332 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roboreps
Factory
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Recently renovated clear-span, steel-frame building with an 8-by-10 overhead door and paved road access alongside the parcel.
Where is this flex space located?
The property is located at 5782 James Drive Unit SourceFi Stevensville, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Recently renovated clear‑span, steel‑frame multi‑use building (built in 1969); 8 ft by 10 ft overhead door provides access for equipment and vehicles; Paved Jory Ln runs/ends alongside the parcel for direct paved road access
