Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 S Lake St Oscoda, MI 48750

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New construction featuring office, showroom, and warehouse space.

    Type:Industrial, Office
    Property size:
    3,000 SF
    Added:
    Mar 15, 2023
    Days on Market:
    1119
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 111 S Lake St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Industrial, Office

    We can help!

    Listing Contact
    Gordon Hyde

    Listing agent Gordon Hyde License #MI 6501401975

    Listing office Landmark Commercial Real Estate Services

    Listing date Mar 15, 2023

    Source Crexi

    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 Landmark Commercial Real Estate Services

    Overview

    Office, Showroom & Warehouse Space

    This property features office, showroom, and warehouse space. It is a new construction, professionally completed by a custom home builder. This presents an excellent opportunity for a contractor. The warehouse has approximate dimensions of 33 feet by 40 feet, with 16-foot walls and two 14-foot overhead doors. It includes heated floors with temperature control. There is a possibility of expansion for a larger building in the rear. The property includes two 100 amp panels for the offices and two 220 amp panels for the shop and warehouse.
    Location Intelligence

    Current Use by Public Records

    Play That Toon ... Marina

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.3282248
    Latitude
    44.4152032

    Nearby Similar for Sale

    • $249,900
      2,581 SF

      Oscoda Commercial Property For Sale

      Centrally located commercial property in Oscoda, MI, ready for new possibilities.
      5115 N US-23, Oscoda, MI 48750
      View Details
    • $699,900
      3,800 SF

      Lake Huron Resort Opportunity

      Turn-key beachfront resort with main house and six guest cottages.
      3164 N US-23, Oscoda, MI 48750
      View Details
    • $699,900
      3,800 SF

      Lake Huron Resort Opportunity

      Turn-key beachfront resort with main house and guest cottages.
      3164 N US-23, Oscoda, MI 48750
      View Details
    • $209,900
      1,526 SF

      Remodeled Office in Downtown Oscoda

      Turnkey office building in downtown Oscoda, remodeled in 2022.
      205 S State Street, Oscoda, MI 48750
      View Details
    • $650,000
      4,100 SF

      Turnkey Waterview Restaurant Opportunity

      Restaurant near Au Sable River and Lake Huron for sale.
      884 S STATE Street, Au Sable Charter Township, MI 48750
      View Details
    • $140,000
      2,325 SF

      Well-Maintained Office Building in Oscoda

      Functional office building in Oscoda, adaptable for various needs.
      305 N State Street, Oscoda, MI 48750
      View Details
    • $229,000
      3,714 SF

      Lakeside Commercial Building with Home

      Commercial building with residential home near Lake Huron.
      3511 N US-23, Oscoda, MI 48750
      View Details
    • $325,000
      4,200 SF

      Restaurant/Retail Opportunity on US-23

      Former bakery and restaurant on US-23 in Oscoda, Michigan.
      5214 N Us Highway 23, Oscoda, MI
      View Details
    • $1,875,000
      10,476 SF

      New Retail Building with Lease

      Newly constructed retail building with a secure 10-year lease.
      5018 US-23, Oscoda, MI 48750
      View Details
    • $775,000
      13,212 SF

      Oscoda Office Building For Sale

      Office building with 13,212 square feet of space.
      6080 Jet St, OSCODA, MI 48750
      View Details
    • $650,000
      4,100 SF

      Turnkey Waterview Restaurant Opportunity

      Restaurant opportunity next to Au Sable River and Lake Huron.
      884 S State St, Oscoda, MI 48750
      View Details

    FAQs

    What type of property is this?
    Flex space - New construction featuring office, showroom, and warehouse space.
    Where is this flex space located?
    The property is located at 111 S Lake St Oscoda, MI.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Brand new construction professionally completed by custom home builder.; Warehouse with **16' walls and two 14' overhead doors**.; **Heated floors in warehouse with temperature control.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gordon Hyde
    Real Estate License ID: MI 6501401975
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!