Flex Space with Office
807 Carberry Road, Niles, MI 49120
For Sale
New
Contact for pricing
An open work area, existing storage racks, and a dedicated office create a practical mix of workspace and storage.
Property Size1,800 SF
Price / SF$55.50
Days on Market5
Property Features for 807 Carberry Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Office Build-Out
Automotive Uses
Real Estate Included
Amenities
office area
concrete floor
sliding door
storage racks
Building Details
Buildings
Building Size
Construction
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate Portage
Listed By:
Ryan Rider · License #MI 6501273398
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:02AM
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 Berkshire Hathaway HomeServices Michigan Real Estate Portage
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Investment Insights
Based on property information with market context.
Built in 1985, this 1,800-square-foot flex property has a concrete floor and a largely open interior. A 19-by-14-foot office area occupies part of the building, with existing storage racks elsewhere. The sliding door measures 13 feet wide by 9 feet tall. Electrical service was present previously but is not currently in place.
The property is in a light industrial zone, approximately one-half mile from the M-60 and US 12 intersection, and backs up to Detroit Road/M-60. The source identifies auto repair, contracting, storage, manufacturing, and warehousing among potential uses.
The property is in a light industrial zone, approximately one-half mile from the M-60 and US 12 intersection, and backs up to Detroit Road/M-60. The source identifies auto repair, contracting, storage, manufacturing, and warehousing among potential uses.
Key Highlights
- 1,800‑square‑foot pole‑barn building
- 19‑by‑14‑foot office area
- 13‑foot‑wide by 9‑foot‑tall sliding door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,012
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,240
$180.2K
Cap Rate 7%
$128,743
$128.7K
Cap Rate 9%
$100,133
$100.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$15.1K $8.40/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$13.9K $7.70/SF
− OpEx
−$4.9K −$2.70/SF
NOI
$9.0K $5.01/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,240
Cap Rate 7%
$128,743
Cap Rate 9%
$100,133
Alternative Uses
Best Use
Retail
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 18.70%
Second Best
Warehouse
$139.5K
$122.1K – $162.8K
NOI $9,765 @ 7.0% cap · market cap 9.77%
Theoretical Best
Office A
$378.8K
$331.4K – $441.9K
NOI $26,514 @ 7.0% cap · market cap 26.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49120, MI
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Berrien County, MI
Properties on Market for Flex space in Berrien County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - An open work area, existing storage racks, and a dedicated office create a practical mix of workspace and storage.
Where is this flex space located?
The property is located at 807 Carberry Road Niles, MI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 1,800‑square‑foot pole‑barn building; 19‑by‑14‑foot office area; 13‑foot‑wide by 9‑foot‑tall sliding door
