Divisible Storefront
For Sale
$129,500
9463 GENESEE ST, New Lothrop, MI 48460
Two entrances and a flexible layout support separate or combined commercial uses.
Property Size900 SF
Price / SF$143.89
Days on Market267
Property Features for 9463 GENESEE ST
General Information
Standard status
Active
Size
900 SF
Property subtype
Industrial
Amenities
Window/Wall Unit, Ceiling Fan(s)
3
Laminate, Wood
37753775
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Century 21 Signature Realty
(810) 659-3161
Listed By:
Kyle Raup · License #FAAR
(810) 513-3417
Source:
Xome
Added: Dec 17, 2025
Changed: Sep 9
Last Checked: Sep 10 at 5:56AM
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 Century 21 Signature Realty
Investment Insights
Based on property information with market context.
This 900-square-foot storefront building dates to 1940 and offers a compact, adaptable commercial layout. Two entrances at the front allow the interior to function as one business or be arranged for multiple uses. Laminate and wood flooring, ceiling fans, and a window/wall unit are among the noted interior features.
The property is positioned in downtown New Lothrop Village at 9463 Genesee St. The site provides convenient access, ample parking, and a visible storefront presence. Immediate occupancy is available, giving an operator the ability to begin planning for the space without an extended wait.
The property is positioned in downtown New Lothrop Village at 9463 Genesee St. The site provides convenient access, ample parking, and a visible storefront presence. Immediate occupancy is available, giving an operator the ability to begin planning for the space without an extended wait.
Key Highlights
- 900 square feet of commercial building area
- Two front entrances support a divided or combined layout
- Ample parking and convenient access
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
$9,343
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
7.21%
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%
$186,860
$186.9K
Cap Rate 7%
$133,471
$133.5K
Cap Rate 9%
$103,811
$103.8K
Market Conditions
NOI Build-Up for 900 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
$13.9K $15.48/SF
− Vacancy
−$585 −$0.65/SF
EGI
$13.3K $14.83/SF
− OpEx
−$4.0K −$4.45/SF
NOI
$9.3K $10.38/SF
Area
Shiawassee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
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%
$186,860
Cap Rate 7%
$133,471
Cap Rate 9%
$103,811
Alternative Uses
Best Use
Retail
$133.5K
$116.8K – $155.7K
NOI $9,343 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48460, MI
2,341
Population
1,107
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
94%
High-School Grad
34.5 sq mi
ZIP Area
68
Density / Sq Mi
$81,146
Median Household Income
$51,842
Median Earnings
$713
Median Rent
$200,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two entrances and a flexible layout support separate or combined commercial uses.
Where is this storefront property located?
The property is located at 9463 GENESEE ST New Lothrop, MI.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: 900 square feet of commercial building area; Two front entrances support a divided or combined layout; Ample parking and convenient access
