Building Details

Buildings 1

Listing Agency: Oakwood R E & Development LLC

Listed By: D Scott Beedon · License #6502388075 Show Phone

Source: Findmichiganhomelistings

Added: Sep 15 Changed: Sep 18 Last Checked: Sep 19 at 9:29AM

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Investment Insights

Based on property information with market context.

This storefront property at 7085 Lakeshore Road in Burtchville, MI, provides a 240-square-foot building configured with a 12-by-16-foot area and a half bath. The compact layout offers a straightforward starting point for a small retail or service-oriented operation.

The property fronts M-25 in the Lakeport area, providing a direct roadside setting. The building is agent-owned.

Key Highlights

• 240‑square‑foot storefront building
• 12' x 16' interior area
• Half bath included

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

$3,102

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

2.96%

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%

$62,040 $62.0K

Cap Rate 7%

$44,314 $44.3K

Cap Rate 9%

$34,467 $34.5K

Market Conditions

NOI Build-Up for 240 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

$4.6K $18.96/SF

− Vacancy

−$118 −$0.49/SF

EGI

$4.4K $18.47/SF

− OpEx

−$1.3K −$5.54/SF

NOI

$3.1K $12.93/SF

Area

St. Clair County, MI

Vacancy

2.60%

Lease Rate

$18.96 /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%

$62,040

Cap Rate 7%

$44,314

Cap Rate 9%

$34,467

Alternative Uses

Best Use

Retail

$44.3K

$38.8K – $51.7K (±1% cap)

NOI $3,102 @ 7.0% cap · market cap 2.96%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$180.4K

$157.9K – $210.5K (±1% cap)

NOI $12,630 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Plumbing Service Garden Center Kitchen & Bath Showroom Auto Repair Shop Barber Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48059, MI

15,319

Population

7,324

Households

2.1

Avg Household Size

47

Median Age

30%

College-Educated

94%

High-School Grad

31.7 sq mi

ZIP Area

483

Density / Sq Mi

$78,841

Median Household Income

$44,716

Median Earnings

$956

Median Rent

$199,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Small retail building with a private half bath and roadside positioning on M-25.

Where is this storefront property located?

The property is located at 7085 Lakeshore Rd Burtchville Township, MI.

What is the asking price?

The asking price for this property is $104,900.

What are key features of this property?

This property features: 240‑square‑foot storefront building; 12' x 16' interior area; Half bath included