Renovated Storefront with
For Sale
Contact for pricing
8127 Miller Road, Swartz Creek, MI 48473
Commercial zoning and multiple entrances support office or food-service conversion.
Property Size1,020 SF
Price / SF$303.82
Days on Market61
Property Features for 8127 Miller Road
General Information
Standard status
Active
Size
1,020 SF
Class
B
Total Parking Spaces
8
Property subtype
Retail, Office
Zoning
Commercial
Investment Type
Owner/User
Amenities
luxury bathroom
modern kitchenette
commercial kitchen venting
Building Details
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
KW Commercial Genesee County
(810) 214-2524
Listed By:
Kristine McCarty · License #MI 6501308571
Source:
Crexi
Added: Jul 1
Changed: Aug 29
Last Checked: Aug 29 at 6:59PM
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 KW Commercial Genesee County
Investment Insights
Based on property information with market context.
This renovated storefront property offers a flexible commercial layout with 9-foot ceilings, one front entry, and two rear entrances. Interior improvements include a finished bathroom with a floating vanity and slate-style vinyl tile, plus a kitchenette with shaker cabinetry and quartz countertops. The building also features new James Hardie siding, a 2.5-year-old Amish-built roof, and a commercial drip cap.
A rear room includes existing exhaust and venting for a commercial kitchen, providing infrastructure for conversion to café or food-service use. The ductwork has been professionally cleaned and sanitized. Positioned across from a remodeled funeral home and near a new baseball diamond, the property is located in Swartz Creek and carries Commercial zoning.
A rear room includes existing exhaust and venting for a commercial kitchen, providing infrastructure for conversion to café or food-service use. The ductwork has been professionally cleaned and sanitized. Positioned across from a remodeled funeral home and near a new baseball diamond, the property is located in Swartz Creek and carries Commercial zoning.
Key Highlights
- 9‑foot ceilings with one front entrance and two rear entrances
- Rear room has existing exhaust and venting for a commercial kitchen
- Kitchenette includes shaker cabinets and quartz countertops
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
$11,237
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
3.63%
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%
$224,740
$224.7K
Cap Rate 7%
$160,529
$160.5K
Cap Rate 9%
$124,856
$124.9K
Market Conditions
NOI Build-Up for 1,020 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
$17.4K $17.04/SF
− Vacancy
−$2.4K −$2.35/SF
EGI
$15.0K $14.69/SF
− OpEx
−$3.7K −$3.67/SF
NOI
$11.2K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$224,740
Cap Rate 7%
$160,529
Cap Rate 9%
$124,856
Alternative Uses
Best Use
Office B
$160.5K
$140.5K – $187.3K
NOI $11,237 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$151.3K
$132.4K – $176.5K
NOI $10,589 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$214.6K
$187.8K – $250.4K
NOI $15,024 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48473, MI
22,035
Population
9,853
Households
2.2
Avg Household Size
45
Median Age
25%
College-Educated
95%
High-School Grad
56.2 sq mi
ZIP Area
392
Density / Sq Mi
$76,765
Median Household Income
$40,908
Median Earnings
$1,092
Median Rent
$191,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Budz and Bloomz Florist — 7530 Miller Rd, Swartz Creek, MI 48473
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning and multiple entrances support office or food-service conversion.
Where is this storefront property located?
The property is located at 8127 Miller Road Swartz Creek, MI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 9‑foot ceilings with one front entrance and two rear entrances; Rear room has existing exhaust and venting for a commercial kitchen; Kitchenette includes shaker cabinets and quartz countertops
