Storefront Property with
New
For Sale
$225,000
7394 Moscow Road, Horton, MI 49246
Commercial Sale, Horton, MI
Property Size1,200 SF
Lot Size1.00 Acre
Price / SF$187.50
Days on Market2
Property Features for 7394 Moscow Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Elementary school district
Hanover-Horton
Middle school district
Hanover-Horton
High school district
Hanover-Horton
Directions
Between M-60 and US-12. Right in Downtown Horton.
Standard status
Active
APN
000-17-03-276-001-00
Size
1,200 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT THE NE COR OF SEC 3 TH S 1779.86 FT TO A PT FOR PL OF BEG OF THIS DESCN TH S 145.2 FT TO THE S LN OF N 119
Tax Annual Amount
3777
Legal Description
BEG AT THE NE COR OF SEC 3 TH S 1779.86 FT TO A PT FOR PL OF BEG OF THIS DESCN TH S 145.2 FT TO THE S LN OF N 119
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1970
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
RE/MAX Mid-Michigan R.E.
(517) 788-2633
Listed By:
Stephanie Bosanac-Mortimer · License #6501336455
(517) 812-3173
Added: Sep 1
Last Checked: Sep 2 at 5:06AM
MLS# 26046301
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding storefront building contains 1,200 square feet on a 1-acre parcel and is currently operating as a hair salon. The vinyl-sided structure was built in 1970 and includes a drive-through window, bathroom, basement, forced-air heating, central air, composition roofing, and an auto generator. Water is supplied by a well, with septic service and phone availability. Natural gas service is also in place.
Recent property updates include parking lot sealcoating, gutters, crawlspace insulation, a pressure tank, hot water heater, interior and exterior lighting, and flooring. The property is located next door to Dollar General and near Subway, Lomar, and other established businesses. Its existing layout and drive-through feature support consideration for retail, office, food service, or medical uses, subject to applicable requirements.
Recent property updates include parking lot sealcoating, gutters, crawlspace insulation, a pressure tank, hot water heater, interior and exterior lighting, and flooring. The property is located next door to Dollar General and near Subway, Lomar, and other established businesses. Its existing layout and drive-through feature support consideration for retail, office, food service, or medical uses, subject to applicable requirements.
Key Highlights
- 1,200‑square‑foot storefront building on a 1‑acre lot
- Drive‑through window, auto generator, central air, and forced‑air heating
- Currently operating as a hair salon
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
$8,276
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
3.68%
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%
$165,520
$165.5K
Cap Rate 7%
$118,229
$118.2K
Cap Rate 9%
$91,956
$92.0K
Market Conditions
NOI Build-Up for 1,200 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
$14.4K $12.00/SF
− Vacancy
−$2.6K −$2.15/SF
EGI
$11.8K $9.85/SF
− OpEx
−$3.5K −$2.96/SF
NOI
$8.3K $6.90/SF
Area
Jackson County, MI
Vacancy
17.90%
Lease Rate
$12.00 /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%
$165,520
Cap Rate 7%
$118,229
Cap Rate 9%
$91,956
Alternative Uses
Best Use
Retail
$118.2K
$103.5K – $137.9K
NOI $8,276 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.6K
$167.6K – $223.5K
NOI $13,409 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar General
Shops & Services
6,698 visits/mo
0.1 miles
SUBWAY
Dining
1,939 visits/mo
0.3 miles
Demographics for 49246, MI
3,247
Population
1,467
Households
2.2
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
34.5 sq mi
ZIP Area
94
Density / Sq Mi
$81,181
Median Household Income
$52,109
Median Earnings
$773
Median Rent
$230,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Freestanding commercial building with central air, natural gas service, and an auto generator.
Where is this storefront property located?
The property is located at 7394 Moscow Road Horton, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,200‑square‑foot storefront building on a 1‑acre lot; Drive‑through window, auto generator, central air, and forced‑air heating; Currently operating as a hair salon
