Listing Agency: Landmark Commercial Real Estate Services

Listed By: Louis J. Ciotti · License #MI 6501335264 Show Phone

Source: Crexi

Added: May 29, 2024 Changed: Oct 5 Last Checked: Oct 5 at 7:23PM

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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 Landmark Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This industrial property, comprising 3801 square feet, is available for sale.

Key Highlights

• No property information was provided to analyze.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,528

Cap Rate

7.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,560 $430.6K

Cap Rate 7%

$307,543 $307.5K

Cap Rate 9%

$239,200 $239.2K

Market Conditions

NOI Build-Up for 3,801 SF

Gross rent

$34.2K $9.00/SF

− Vacancy

−$3.5K −$0.91/SF

EGI

$30.8K $8.09/SF

− OpEx

−$9.2K −$2.43/SF

NOI

$21.5K $5.66/SF

Area

Genesee County, MI

Vacancy

10.10%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,560

Cap Rate 7%

$307,543

Cap Rate 9%

$239,200

Alternative Uses

Best Use

Industrial

$307.5K

$269.1K – $358.8K (±1% cap)

NOI $21,528 @ 7.0% cap · market cap 7.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$799.8K

$699.9K – $933.1K (±1% cap)

NOI $55,988 @ 7.0% cap · market cap 18.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center HVAC Service

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

Location Intelligence

Trade Area within ½ mile

268

Businesses Nearby

Explore this area Business Placement

Demographics for 48529, MI

9,560

Population

4,430

Households

2.2

Avg Household Size

37

Median Age

8%

College-Educated

86%

High-School Grad

4.8 sq mi

ZIP Area

1,992

Density / Sq Mi

$38,021

Median Household Income

$24,189

Median Earnings

$1,003

Median Rent

$74,000

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

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property featuring 3801 square feet available for purchase.

Where is this industrial property located?

The property is located at 4189 Fenton Rd Burton, MI.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: No property information was provided to analyze.