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    Commercial Building on 1-Acre Lot Title is generated by Realmo AI

    7394 Moscow Road, Horton, MI 49246

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    Claim this Listing
    For Sale
    $225,000

    COMMERCIAL - Horton, MI

    Type:Retail
    Property size:
    1,200 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $187/SF
    Added:
    Jul 10, 2025
    Days on Market:
    311
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 7394 Moscow Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1, Basement
    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 119A OF
    Tax Annual Amount
    3777

    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

    We can help!

    Listing Contact
    Stephanie Bosanac-Mortimer

    Listing agent Stephanie Bosanac-Mortimer License #6501336455

    Listing office RE/MAX Mid-Michigan R.E. 2300 W Michigan Ave, JACKSON, MI

    Listing date Jul 10, 2025

    MLS# 25033954

    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.

    HighLights

    • Versatile commercial building on a 1‑acre lot with expansion potential.
    • Strategically located next to Dollar General and near other established businesses, offering high visibility and steady traffic.
    • Equipped with a drive‑through window, natural gas service, and auto generator.
    • Recent updates include new parking lot sealcoating, gutters, crawlspace insulation, pressure tank, HWH, interior/exterior lights/floors.
    • Well‑maintained with vinyl siding.
    • Includes central air and forced air heating.

    Overview

    This free-standing commercial building is situated on a spacious 1-acre lot, offering ample room for expansion between Jackson and Hillsdale County. The well-maintained, vinyl-sided structure is currently operating as a hair salon, but it presents versatile potential for a variety of business uses, including retail, office space, food service, or medical practices. The property is equipped with a drive-through window, natural gas service, and an auto generator. Strategically located next door to Dollar General and in close proximity to Subway, Lomar, and other established businesses, this location benefits from steady traffic and high visibility. Updates include new parking lot sealcoating, gutters, crawlspace insulation, pressure tank, hot water heater, and interior/exterior lights/floors. The building has a size of 1200 square feet.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $126.7K
    NOI $11,402 @ 9.00% cap · cautious / downside scenario
    Moderate
    $162.9K
    NOI $11,402 @ 7.00% cap · market / base-case scenario
    Aggressive
    $228.0K
    NOI $11,402 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $16.6k $13.80
    − Vacancy −$1.4k −$1.13
    EGI $15.2k $12.67
    − OpEx −$3.8k −$3.17
    NOI $11.4k $9.50
    1,200 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $162.9K
    $142.5K – $190.0K (±1% cap)
    NOI $11,402 @ 7.0% cap · market cap 5.07%
    Second Best
    Office B
    $143.7K
    $125.7K – $167.6K (±1% cap)
    NOI $10,057 @ 7.0% cap · market cap 4.47%
    Theoretical Best
    Office A
    $191.6K
    $167.6K – $223.5K (±1% cap)
    NOI $13,409 @ 7.0% cap · market cap 5.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market HVAC Service Bar & Pub Grocery & Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Horton
    County
    Jackson
    State
    Michigan
    Longitude
    -84.519543
    Latitude
    42.155061

    Nearby Similar for Sale

    • $225,000
      1,200 SF

      Retail Opportunity in Horton, MI

      Retail property for sale in Horton, Michigan. 1,200 SF.
      7394 Moscow Road, Horton, MI 49246
      View Details
    • $150,000
      720 SF

      Commercial Building on Moscow Road

      Commercial property on Moscow Rd with land contract terms.
      7560 Moscow Road, Horton, MI 49246
      View Details
    • $150,000
      720 SF

      Commercial Frontage on Moscow Road

      Former ice cream store with commercial frontage on Moscow Rd.
      7560 Moscow Road, Horton, MI 49246
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial building with drive-through, suitable for various business uses.
    Where is this retail space 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: Versatile commercial building on a 1‑acre lot with expansion potential.; Strategically located next to Dollar General and near other established businesses, offering high visibility and steady traffic.; Equipped with a drive‑through window, natural gas service, and auto generator.
    (517) 812-3173
    We can help!
    Listing Contact
    Stephanie Bosanac-Mortimer
    Real Estate License ID: 6501336455
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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