Parking Lot with Storage
716 Bradley St Owosso, MI 48867
716 Bradley St, Owosso, MI, 48867
$105,000
For Sale
$105,000
Large parking lot includes an on-site 3-car garage with three overhead doors for storage or light shop use.
Property Size960 SF
Price / SF$109.38
Days on Market34
Property Features for 716 Bradley St
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Industrial, Land
Listing agency
Woodworth Commercial LLC
(989) 723-3711
Listed by
Ryan Calhoun · License #6501440781
(989) 723-3711
Source
Cpix.resimplifi
Added: Jun 18 Updated: Jul 21 at 2:22PM Checked: Jul 21 at 2:22PM
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 Woodworth Commercial LLC
Investment Insights
Based on property information with market context.
This property consists of a large parking lot that includes an on-site 960 SF 3-car garage. The garage is equipped with three overhead doors, providing straightforward access for stored equipment, maintenance items, or a small workshop setup.
The parking lot includes multiple points of ingress/egress, supporting convenient circulation for vehicles. Access to M-51 and M-21 is described as convenient in Owosso, which may help with regional connectivity for daily operations.
Also on site is a garage well-suited for practical storage needs and light use given its 3-door configuration.
The parking lot includes multiple points of ingress/egress, supporting convenient circulation for vehicles. Access to M-51 and M-21 is described as convenient in Owosso, which may help with regional connectivity for daily operations.
Also on site is a garage well-suited for practical storage needs and light use given its 3-door configuration.
Key Highlights
- Large parking lot with 960 SF on site
- On‑site 3‑car garage with three overhead doors for storage or light shop use
- Garage includes space suited for maintenance items and a small shop
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $8.6k | $9.00 |
| − Vacancy | −$380 | −$0.40 |
| EGI | $8.3k | $8.60 |
| − OpEx | −$1.2k | −$1.29 |
| NOI | $7.0k | $7.31 |
960 SF · lease $9.00/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$100.3K
$87.8K – $117.0K
NOI $7,021 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$183.0K
$160.2K – $213.5K
NOI $12,812 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
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FAQs
What type of property is this?
Parking lot & garage - Large parking lot includes an on-site 3-car garage with three overhead doors for storage or light shop use.
Where is this parking lot & garage located?
The property is located at 716 Bradley St Owosso, MI.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Large parking lot with 960 SF on site; On‑site 3‑car garage with three overhead doors for storage or light shop use; Garage includes space suited for maintenance items and a small shop
