Updated Commercial Space For
1306 S Carney Dr Saint Clair, MI 48079
1306 S Carney Dr, Saint Clair, MI, 48079
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For Sale
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Two-story commercial space with a finished basement and elevator.
Property Size3,500 SF
Price / SF$114
Days on Market612
Property Features for 1306 S Carney Dr
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2007
Listing Agency
Pilot Property Group
(586) 254-0900
Listed by
Justin Francek · License #MI 6501387884
Source
Crexi
Added: Nov 15, 2024 Checked: Jul 19 at 5:10 am
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This updated commercial space features two floors accessible by an elevator. The layout is open, accommodating various retail, office, and medical uses. The property includes a fully finished basement with two large offices, a washer and dryer room, and separate locker rooms with showers for both men and women. The total property size is 3500 square feet.
Key Highlights
- Versatile space suitable for retail, office, or medical use
- Two floors with elevator access
- Fully finished basement with offices and locker rooms with showers
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $6.00 |
| − Vacancy | −$4.9k | −$1.41 |
| EGI | $16.1k | $4.59 |
| − OpEx | −$4.0k | −$1.15 |
| NOI | $12.0k | $3.44 |
3,500 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$646.3K
$565.6K – $754.1K
NOI $45,244 @ 7.0% cap · market cap 11.34%
Second Best
Office B
$172.1K
$150.6K – $200.8K
NOI $12,049 @ 7.0% cap · market cap 3.02%
Theoretical Best
Multifamily LT 5
$2.63M
$2.30M – $3.07M
NOI $184,183 @ 7.0% cap · market cap 46.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-story commercial space with a finished basement and elevator.
Where is this office units located?
The property is located at 1306 S Carney Dr Saint Clair, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Versatile space suitable for retail, office, or medical use; Two floors with elevator access; Fully finished basement with offices and locker rooms with showers
