Renovated Multi-Use Building For
5782 James Drive Stevensville, MI 49127
5782 James Drive, Stevensville, MI, 49127
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For Sale
Contact for pricing
Recently renovated 1,584 SF multi-use building, ideal for various purposes.
Property Size1,584 SF
Price / SF$145.20
Days on Market60
Property Features for 5782 James Drive
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1969
Listing Agency
Vision Real Estate Lakeshore
(269) 921-1125
Listed by
Paul Dumke · License #MI 6502372552
Source
Crexi
Added: May 22 Updated: Jul 10 at 3:58 pm Checked: Jul 20 at 5:36 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 is a recently renovated, clear span, steel frame, multi-use building with numerous new features. The 1,584 square foot property is ideal for light manufacturing, art studio, retail, or office space. It has been rehabbed for a robotics assembly business. The overhead door measures 8 ft. in height and 10 ft. in width. Paved Jory Ln. runs and ends alongside this parcel.
Key Highlights
- Recently renovated clear span, steel frame building suitable for various uses.
- Offered below recent appraisal.
- Ideal for light manufacturing, art studio, retail, or personal use.
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
Property Profile
Location Intelligence
Current Use by Public Records
Roboreps
Factory
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Recently renovated 1,584 SF multi-use building, ideal for various purposes.
Where is this flex space located?
The property is located at 5782 James Drive 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 building suitable for various uses.; Offered below recent appraisal.; Ideal for light manufacturing, art studio, retail, or personal use.
