C-4 General Commercial Flex
For Sale
$124,900
608 E Pearl Street, Jackson, MI 49201
Concrete block building with office, bathroom, and covered dock area, plus adjacent turnaround parcel for large vehicles.
Property Size1,520 SF
Lot Size0.37 Acres
Price / SF$82.17
Days on Market45
Property Features for 608 E Pearl Street
General Information
Standard status
Active
Size
1,520 SF
Lot size
0.37 Acres
Property subtype
Industrial
Zoning
C-4
Additional Details
Business Included
Yes
Amenities
3
Rubber
26457
Building Details
Year Built
1985
Listing Agency:
(517) 392-8508
Listed By:
Jackson
(517) 392-8508
Source:
Xome
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 21 at 4:38AM
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 Jackson
Investment Insights
Based on property information with market context.
Versatile C-4 General Commercial building featuring solid concrete block construction with an open workspace, a private office, and a bathroom. Heating includes natural gas forced-air, along with a separate office wall furnace. The total square footage includes a covered dock area that is under roof and unconditioned. The property has been home to a welding supply business for over 20 years and is offered sold as-is.
Located on Jackson’s east side, the building is minutes from downtown and Henry Ford Jackson Hospital. An adjacent 0.17-acre parcel directly behind the building (607 Detroit St) is included, which has historically been used for semi-truck turnaround, resulting in 0.37+/- acres combined with rare large-vehicle access. Gravel front parking serves the site.
The C-4 zoning permits the city’s widest range of retail, office, and service uses. The surrounding corridor includes new residential construction, along with a planned 55-unit apartment development at Pearl & Cooper.
Located on Jackson’s east side, the building is minutes from downtown and Henry Ford Jackson Hospital. An adjacent 0.17-acre parcel directly behind the building (607 Detroit St) is included, which has historically been used for semi-truck turnaround, resulting in 0.37+/- acres combined with rare large-vehicle access. Gravel front parking serves the site.
The C-4 zoning permits the city’s widest range of retail, office, and service uses. The surrounding corridor includes new residential construction, along with a planned 55-unit apartment development at Pearl & Cooper.
Key Highlights
- C‑4 general commercial building with open workspace, private office, and bathroom
- Natural gas forced‑air heat plus a separate office wall furnace
- Rubber roof and solid concrete block construction; built in 1985
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
$10,560
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
8.45%
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%
$211,200
$211.2K
Cap Rate 7%
$150,857
$150.9K
Cap Rate 9%
$117,333
$117.3K
Market Conditions
NOI Build-Up for 1,520 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
$16.8K $11.04/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$15.1K $9.92/SF
− OpEx
−$4.5K −$2.98/SF
NOI
$10.6K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /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%
$211,200
Cap Rate 7%
$150,857
Cap Rate 9%
$117,333
Alternative Uses
Best Use
Flex RnD
$204.0K
$178.5K – $238.0K
NOI $14,277 @ 7.0% cap · market cap 11.43%
Second Best
Industrial
$150.9K
$132.0K – $176.0K
NOI $10,560 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete block building with office, bathroom, and covered dock area, plus adjacent turnaround parcel for large vehicles.
Where is this flex space located?
The property is located at 608 E Pearl Street Jackson, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: C‑4 general commercial building with open workspace, private office, and bathroom; Natural gas forced‑air heat plus a separate office wall furnace; Rubber roof and solid concrete block construction; built in 1985
