Flex Building with 20-Foot
For Sale
$439,000
9167 1st, Baroda, MI 49101
Office areas on both levels include bathrooms, with a full bath and shower upstairs.
Property Size6,250 SF
Price / SF$70.24
Days on Market235
Property Features for 9167 1st
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Commercial/Industrial
Warehouse & Industrial
Clear Height
20 ft
Power
600 amps
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Property Use
Industrial
Building Details
Year Built
1993
Buildings
1
Stories
2
Building Size
6,250 SF
Listing Agency:
Coldwell Banker Realty
(269) 469-3950
Listed By:
Mara Walsh
(773) 220-9062
Source:
Jabachler
Added: Mar 12
Changed: Oct 27
Last Checked: Oct 31 at 4:53AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 6,250-square-foot flex building in Baroda dates to 1993 and has 20-foot ceilings, 6-inch concrete floors, and 3-phase, 600-amp electrical service. Two 12' x 14' overhead doors serve the building, which also has automatic exhaust fans and updated HVAC. Main- and upper-level office areas each have a bathroom; the upper-level bathroom includes a shower.
A fully paved lot provides parking and maneuvering area. The property is near I-94 and the US-31 Bypass, along the Southwest Michigan Wine Trail.
A fully paved lot provides parking and maneuvering area. The property is near I-94 and the US-31 Bypass, along the Southwest Michigan Wine Trail.
Key Highlights
- Approximately 6,250 square feet with 20‑foot ceilings
- 3‑phase, 600‑amp electrical service and 6‑inch concrete floors
- Two 12' x 14' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,906
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
$678.1K
Cap Rate 7%
$484,371
$484.4K
Cap Rate 9%
$376,733
$376.7K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$43.5K $6.96/SF
− Vacancy
−$3.6K −$0.58/SF
EGI
$39.9K $6.38/SF
− OpEx
−$6.0K −$0.96/SF
NOI
$33.9K $5.42/SF
Area
Berrien County, MI
Vacancy
8.30%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
Cap Rate 7%
$484,371
Cap Rate 9%
$376,733
Alternative Uses
Best Use
Warehouse
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 7.72%
Second Best
Flex RnD
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,062 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49101, MI
3,132
Population
1,343
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
20.6 sq mi
ZIP Area
152
Density / Sq Mi
$70,167
Median Household Income
$48,707
Median Earnings
$1,040
Median Rent
$225,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office areas on both levels include bathrooms, with a full bath and shower upstairs.
Where is this flex space located?
The property is located at 9167 1st Baroda, MI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Approximately 6,250 square feet with 20‑foot ceilings; 3‑phase, 600‑amp electrical service and 6‑inch concrete floors; Two 12' x 14' overhead doors
