Flex Space Building with
7775 Saddlebag Lake Road Unit SourceFi Lake Odessa, MI 48849
7775 Saddlebag Lake Road Unit SourceFi, Lake Odessa, MI, 48849
$350,000
For Sale
$350,000
Flex building with paved parking, including office/showroom space and two bathrooms, zoned C-1.
Property Size4,800 SF
Price / SF$72.92
Days on Market118
Property Features for 7775 Saddlebag Lake Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing Agency
Five Star Real Estate (M6)
(616) 617-9860
Listed by
Caren Dermody
(616) 617-9860
Source
Xome
Added: Mar 25 Updated: Jul 19 at 2:05 am Checked: Jul 20 at 1:41 am
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 Five Star Real Estate (M6)
Investment Insights
Based on property information with market context.
This flex space building offers a main structure plus an attached office/showroom area, for a total of 3,200 sq. ft. in the main building and an additional 1,600 sq. ft. in the attached space. The attached office/showroom includes two bathrooms, supporting flexible day-to-day use.
The property is located east of Lake Odessa and less than 10 minutes south of I-96, with high exposure along M-66. It is zoned C-1, which offers many different uses, and includes a large, paved parking area to support customers and employees.
For-sale offering includes the combination of flex building space and dedicated office/showroom improvements, along with ample paved parking for ongoing operations.
The property is located east of Lake Odessa and less than 10 minutes south of I-96, with high exposure along M-66. It is zoned C-1, which offers many different uses, and includes a large, paved parking area to support customers and employees.
For-sale offering includes the combination of flex building space and dedicated office/showroom improvements, along with ample paved parking for ongoing operations.
Key Highlights
- Flex building with 3 heating and metal roof, built in 1986
- Total 4,800 sq. ft.: 3,200 sq. ft. main building plus 1,600 sq. ft. attached office/showroom space
- Office/showroom includes 2 bathrooms
Local Financial Insights For Industrial
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 | $33.0k | $6.88 |
| − Vacancy | −$958 | −$0.20 |
| EGI | $32.1k | $6.68 |
| − OpEx | −$9.6k | −$2.00 |
| NOI | $22.4k | $4.68 |
4,800 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$737.5K
$645.3K – $860.4K
NOI $51,623 @ 7.0% cap · market cap 14.75%
Second Best
Flex RnD
$725.3K
$634.7K – $846.2K
NOI $50,772 @ 7.0% cap · market cap 14.51%
Theoretical Best
Specialty Retail
$914.6K
$800.3K – $1.07M
NOI $64,024 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
Bob's Auto Sales
Car Dealership
JMG Customs 4x4 ...
Car Dealership
KDS Motorsports LLC
Car Dealership
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FAQs
What type of property is this?
Flex space - Flex building with paved parking, including office/showroom space and two bathrooms, zoned C-1.
Where is this flex space located?
The property is located at 7775 Saddlebag Lake Road Unit SourceFi Lake Odessa, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Flex building with 3 heating and metal roof, built in 1986; Total 4,800 sq. ft.: 3,200 sq. ft. main building plus 1,600 sq. ft. attached office/showroom space; Office/showroom includes 2 bathrooms
