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    Flex Office-Warehouse Suite with Overhead Door Title is generated by Realmo AI

    5880-5864 Sterling Dr, Howell, MI 48843

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    For Lease
    $1,950/Mo $0.51 SF/Yr (calc)

    An 80/20 office-to-warehouse flex layout with overhead door access and dedicated entry for mixed professional and operational needs.

    Property size:
    45,648 SF
    Added:
    Mar 10, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 6 at 5:52 am

    Property Features for 5880-5864 Sterling Dr

    General Information

    Standard status
    Active
    Size
    45,648 SF

    We can help!

    Listing Contact
    Nathan B Oake
    Nathan B Oake

    Listing agent Nathan B Oake License #6501409302

    Listing office Griffith Realty

    Listing date Mar 10, 2026

    Source Exprealty

    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 Griffith Realty

    HighLights

    • Flex unit with 80/20 office‑to‑warehouse layout and overhead door access
    • Unit 5880 includes office space with dedicated entry and parking plus warehouse space
    • NNN lease structure; tenant pays pro‑rated portion of taxes, maintenance, and insurance
    • 12‑month minimum lease term preferred, with longer terms also available
    • Lease rate noted as $11/SF (NNN)
    • Building amenities include on‑staff receptionist, conference room, Comcast Business High Speed Internet, and allocated parking

    Overview

    This flex suite combines office and warehouse space in an 80/20 split, with a dedicated entry and parking for the office portion. The warehouse component includes an overhead door for convenient loading and light operational use. A professional reception area is supported by an on-staff receptionist, along with a conference room for client meetings or internal collaboration.

    The suite is part of the Sterling Business Center, offering flex (office and warehouse) and office spaces designed to accommodate a range of business needs. The building provides allocated parking and a building-wide security system. The property is available under a triple net structure with a 12-month minimum.

    Ideal for tenants that need both customer-facing space and functional warehouse operations, the layout supports uses such as professional services, consulting, and administrative work with onsite operational storage. Comcast Business High Speed Internet is included, and the bathroom and kitchen are fully maintained and stocked. Optional amenities are available, including a professional telephone system and daily UPS pickup, plus a high-speed copier.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Catfish-Harley's Kitchen — 2765 Russell Dr, Howell, MI 48843

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.837288
    Latitude
    42.570019

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    FAQs

    What type of property is this?
    Flex space - An 80/20 office-to-warehouse flex layout with overhead door access and dedicated entry for mixed professional and operational needs.
    Where is this flex space located?
    The property is located at 5880-5864 Sterling Dr Howell, MI.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: Flex unit with 80/20 office‑to‑warehouse layout and overhead door access; Unit 5880 includes office space with dedicated entry and parking plus warehouse space; NNN lease structure; tenant pays pro‑rated portion of taxes, maintenance, and insurance
    (734) 845-0680
    We can help!
    Listing Contact
    Nathan B Oake
    Nathan B Oake
    Real Estate License ID: 6501409302
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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