Frito Lay Distribution
For Sale
$498,900
618 W West Branch Rd, Prudenville, MI 48651
Industrial facility associated with Frito Lay operations.
Property Size7,872 SF
Price / SF$63.38
Days on Market99
Property Features for 618 W West Branch Rd
General Information
Standard status
Active
Size
7,872 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
COLDWELL BANKER SCHMIDT REALTORS-HL
(989) 429-3100
Listed By:
RUTH CLEMENS · License #6506043271
Source:
Metrodetroithomeguide
Added: May 24
Changed: Aug 29
Last Checked: Aug 29 at 11:13PM
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 COLDWELL BANKER SCHMIDT REALTORS-HL
Investment Insights
Based on property information with market context.
This distribution-center property is associated with Frito Lay operations and was constructed in 2002. The property is located at 618 W West Branch Rd, Denton Township, MI 48651.
Key Highlights
- Frito Lay distribution location
- Constructed in 2002
- Located at 618 W West Branch Rd, Denton Township, MI 48651
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
$44,585
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
8.94%
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%
$891,700
$891.7K
Cap Rate 7%
$636,929
$636.9K
Cap Rate 9%
$495,389
$495.4K
Market Conditions
NOI Build-Up for 7,872 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
$70.8K $9.00/SF
− Vacancy
−$7.2K −$0.91/SF
EGI
$63.7K $8.09/SF
− OpEx
−$19.1K −$2.43/SF
NOI
$44.6K $5.66/SF
Area
Roscommon County, MI
Vacancy
10.10%
Lease Rate
$9.00 /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%
$891,700
Cap Rate 7%
$636,929
Cap Rate 9%
$495,389
Alternative Uses
Best Use
Warehouse
$773.4K
$676.7K – $902.3K
NOI $54,138 @ 7.0% cap · market cap 10.85%
Second Best
Industrial
$636.9K
$557.3K – $743.1K
NOI $44,585 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,685 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 48651, MI
4,396
Population
3,825
Households
1.1
Avg Household Size
56
Median Age
19%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
62
Density / Sq Mi
$42,938
Median Household Income
$32,917
Median Earnings
$797
Median Rent
$156,000
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.
Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility associated with Frito Lay operations.
Where is this distribution center located?
The property is located at 618 W West Branch Rd Prudenville, MI.
What is the asking price?
The asking price for this property is $498,900.
What are key features of this property?
This property features: Frito Lay distribution location; Constructed in 2002; Located at 618 W West Branch Rd, Denton Township, MI 48651
