Listing Agency: Rogers Real Estate Group, Inc Show Phone

Listed By: Dale L Rogers · License #6502391301 Show Phone

Source: Corneliusteam

Added: Jul 20 Changed: Oct 25 Last Checked: Nov 1 at 5:15AM

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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 Rogers Real Estate Group, Inc

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Investment Insights

Based on property information with market context.

Located at 8116 E Fulton Street in Ada, this 5,471-square-foot flex space combines an open warehouse or light manufacturing area with supporting operational rooms. The suite includes a breakroom and a dedicated shipping and receiving area equipped with a dock leveler and two overhead doors.

The storage, warehouse, and manufacturing area provides 11 feet of clearance to the rafters and 9.5 feet beneath the heat runs. A Generac backup generator is also included, adding on-site emergency power capability to the existing improvements.

Key Highlights

• 5,471‑square‑foot flex space in Ada
• Open warehouse or light manufacturing area
• Shipping and receiving area with dock leveler

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,016

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,320 $400.3K

Cap Rate 7%

$285,943 $285.9K

Cap Rate 9%

$222,400 $222.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,471 SF

Gross rent

$31.5K $5.76/SF

− Vacancy

−$718 −$0.13/SF

EGI

$30.8K $5.63/SF

− OpEx

−$10.8K −$1.97/SF

NOI

$20.0K $3.66/SF

Area

Kent County, MI

Vacancy

2.28%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,320

Cap Rate 7%

$285,943

Cap Rate 9%

$222,400

Alternative Uses

Best Use

Warehouse

$443.8K

$388.3K – $517.8K (±1% cap)

NOI $31,067 @ 7.0% cap · market cap 258,891.67%

Second Best

Industrial

$365.5K

$319.8K – $426.4K (±1% cap)

NOI $25,584 @ 7.0% cap · market cap 213,200.00%

Theoretical Best

Office A

$978.5K

$856.2K – $1.14M (±1% cap)

NOI $68,497 @ 7.0% cap · market cap 570,808.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Hair Salon Pharmacy Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft

Clear height

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

72

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 49301, MI

20,665

Population

7,383

Households

2.8

Avg Household Size

40

Median Age

70%

College-Educated

98%

High-School Grad

56.8 sq mi

ZIP Area

364

Density / Sq Mi

$173,008

Median Household Income

$83,039

Median Earnings

$2,074

Median Rent

$510,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Industrial suite combines open production space with shipping and receiving functions.

Where is this flex space located?

The property is located at 8116 Fulton Street E Ada, MI.

What are key features of this property?

This property features: 5,471‑square‑foot flex space in Ada; Open warehouse or light manufacturing area; Shipping and receiving area with dock leveler