Renovated Office/Retail Building For
650 Broadway, Davisburg, MI 48350
For Sale
Contact for pricing
Historic building with modern updates, ideal for office or retail.
Property Size5,388 SF
Price / SF$102.08
Days on Market232
Property Features for 650 Broadway
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Insite Commercial
Listed By:
Zak Shepler
(248) 359-9000
Source:
Crexi
Added: Mar 23
Changed: Nov 8
Last Checked: Nov 8 at 7:33AM
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 Insite Commercial
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Investment Insights
Based on property information with market context.
Located at the northeast corner of Broadway and Eaton Rd in Davisburg, MI, this office/retail building blends historic character with modern updates. The property, which once served as Davisburg’s town hall and fire hall, underwent a full renovation in 2004. Overlooking the Shiawassee Basin, the building offers natural views. The property is comprised of two levels, each functioning as independent occupiable spaces. The building provides an abundance of paved parking. The main level features a reception area, six private offices, a conference room, a kitchen, and two restrooms. The lower level includes a reception area, five private offices, three open workstations, and two restrooms. With a total size of 5388 square feet, this property is ideal for professional office users, boutique retailers, or an owner-occupant seeking to utilize the main level while generating income by leasing the lower level.
Key Highlights
- Fully renovated in 2004, blending historic character with modern updates.
- Two independent levels suitable for owner‑occupancy and rental income.
- Located at the high‑visibility corner of Broadway (Davisburg Rd.) and Eaton Rd. (Andersonville Rd.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,548
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,960
$371.0K
Cap Rate 7%
$264,971
$265.0K
Cap Rate 9%
$206,089
$206.1K
Market Conditions
NOI Build-Up for 5,388 SF
Gross rent
$32.3K $6.00/SF
− Vacancy
−$7.6K −$1.41/SF
EGI
$24.7K $4.59/SF
− OpEx
−$6.2K −$1.15/SF
NOI
$18.5K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,960
Cap Rate 7%
$264,971
Cap Rate 9%
$206,089
Alternative Uses
Best Use
Office B
$265.0K
$231.9K – $309.1K
NOI $18,548 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,350 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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Business Placement
Demographics for 48350, MI
7,581
Population
2,893
Households
2.6
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
23.8 sq mi
ZIP Area
319
Density / Sq Mi
$108,568
Median Household Income
$46,222
Median Earnings
$1,310
Median Rent
$351,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Oakland County, MI
Properties on Market for Office buildings in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Historic building with modern updates, ideal for office or retail.
Where is this office building located?
The property is located at 650 Broadway Davisburg, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully renovated in 2004, blending historic character with modern updates.; Two independent levels suitable for owner‑occupancy and rental income.; Located at the **high‑visibility corner of Broadway (Davisburg Rd.) and Eaton Rd. (Andersonville Rd.)**.
