Renovated Multi-Tenant Retail
For Sale
$2,500,000
5805 Beckley Road, Battle Creek, MI 49015
Modernized retail space positioned as a mall outlot with flexibility for multiple occupants.
Property Size7,255 SF
Price / SF$346.02
Days on Market91
Property Features for 5805 Beckley Road
General Information
Standard status
Active
Size
7,255 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Building Size
7,255 SF
Buildings
1
Listing Agency:
Keystone Commercial Real Estate
(248) 406-7113
Listed By:
Greg Newman · License #6501288543
Source:
Keystonecres
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 3:05PM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a 7,225-square-foot retail building that recently underwent renovation. Its layout can accommodate a multi-tenant configuration, providing flexibility for users seeking space within an established commercial setting.
Located at 5805 Beckley Road, the building functions as an outlot of Lakeview Square Mall. The site is positioned at the intersection of Beckley Road and M-66 in Battle Creek, within an established retail corridor.
Located at 5805 Beckley Road, the building functions as an outlot of Lakeview Square Mall. The site is positioned at the intersection of Beckley Road and M-66 in Battle Creek, within an established retail corridor.
Key Highlights
- 7,225 SF retail building
- Recent renovation supports updated building functionality
- Outlot location at Lakeview Square Mall
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
$75,002
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
3.00%
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%
$1,500,040
$1.5M
Cap Rate 7%
$1,071,457
$1.1M
Cap Rate 9%
$833,356
$833.4K
Market Conditions
NOI Build-Up for 7,225 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
$111.8K $15.48/SF
− Vacancy
−$4.7K −$0.65/SF
EGI
$107.1K $14.83/SF
− OpEx
−$32.1K −$4.45/SF
NOI
$75.0K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$1,500,040
Cap Rate 7%
$1,071,457
Cap Rate 9%
$833,356
Alternative Uses
Best Use
Retail
$1.07M
$937.5K – $1.25M
NOI $75,002 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$85.71M
$74.99M – $99.99M
NOI $5,999,388 @ 7.0% cap · market cap 239.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
574k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Apparel 18%
Dining 17%
Superstores 15%
Sam's Club
Superstores
72,560 visits/mo
0.5 miles
Menards
Home Improvements & Furnishings
50,157 visits/mo
0.4 miles
T.J. Maxx
Apparel
42,459 visits/mo
0.3 miles
Kohl's
Apparel
40,501 visits/mo
0.2 miles
Five Below
Shops & Services
33,252 visits/mo
0.3 miles
Demographics for 49015, MI
28,008
Population
12,522
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
1,030
Density / Sq Mi
$67,719
Median Household Income
$39,900
Median Earnings
$980
Median Rent
$171,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Modernized retail space positioned as a mall outlot with flexibility for multiple occupants.
Where is this retail space located?
The property is located at 5805 Beckley Road Battle Creek, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,225 SF retail building; Recent renovation supports updated building functionality; Outlot location at Lakeview Square Mall
