Heated Industrial Shop with
For Sale
Under Contract
$595,000
9486 S Meridian Road, Clarklake, MI 49234
COMMERCIAL - Clarklake, MI
Property Size4,656 SF
Lot Size2.42 Acres
Price / SF$127.79
Days on Market197
Property Features for 9486 S Meridian Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
30
Elementary school district
Columbia
Middle school district
Columbia
High school district
Columbia
Directions
US-127 south of Jackson, between Weatherby Rd and Jefferson Rd.
Subdivision
Jackson County - JX
Standard status
Active Under Contract
APN
000-18-13-280-001-01
Size
4,656 SF
Lot size
2.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BASELINE CONDOMINIUM UNIT NUMBER 1 , PART OF THE NORTHEAST 1/4 OF SECTION 13, TOWN 4 SOUTH, RANGE 1 WEST, LIBERTY TOWNS
Tax Annual Amount
9660
Legal Description
BASELINE CONDOMINIUM UNIT NUMBER 1 , PART OF THE NORTHEAST 1/4 OF SECTION 13, TOWN 4 SOUTH, RANGE 1 WEST, LIBERTY TOWNS
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Radiant, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2017
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Jan 23
Changed: Aug 4
Last Checked: Aug 8 at 7:06PM
MLS# 26002866
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This high-visibility industrial facility is zoned for industrial use and includes both shop and office areas. The property features a heated shop with 16-foot ceilings, a heavy-duty concrete floor with steel fiber reinforcement, and multiple overhead doors including two 12-foot doors and one 14-foot door. A 1,200-square-foot office area is laid out with multiple private offices plus a conference room and reception area.
The facility is located in Liberty Township off U.S. 127 S, providing Class A highway exposure and straightforward access for day-to-day operations. The property is equipped with 200-amp electrical service and includes a 10,000-pound lift that remains in place.
Set on 2.42 acres, the offering combines functional shop capacity with client-facing office space, supported by in-place operational improvements suitable for industrial service and operational needs.
The facility is located in Liberty Township off U.S. 127 S, providing Class A highway exposure and straightforward access for day-to-day operations. The property is equipped with 200-amp electrical service and includes a 10,000-pound lift that remains in place.
Set on 2.42 acres, the offering combines functional shop capacity with client-facing office space, supported by in-place operational improvements suitable for industrial service and operational needs.
Key Highlights
- 4,656 SF industrial facility in Liberty Township built in 2017 with a 1,200 SF office and 3,456 SF heated shop.
- Heated shop has 16 ft ceilings, heavy‑duty concrete floor with steel fiber reinforcement, and three overhead doors: two 12 ft and one 14 ft.
- Office area includes multiple private offices, conference room, and reception area.
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
$43,733
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
7.35%
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%
$874,660
$874.7K
Cap Rate 7%
$624,757
$624.8K
Cap Rate 9%
$485,922
$485.9K
Market Conditions
NOI Build-Up for 4,656 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
$75.4K $16.20/SF
− Vacancy
−$8.1K −$1.75/SF
EGI
$67.3K $14.45/SF
− OpEx
−$23.5K −$5.06/SF
NOI
$43.7K $9.39/SF
Area
Jackson County, MI
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
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%
$874,660
Cap Rate 7%
$624,757
Cap Rate 9%
$485,922
Alternative Uses
Best Use
Flex RnD
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$561.1K
$491.0K – $654.7K
NOI $39,279 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$743.3K
$650.4K – $867.1K
NOI $52,028 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49234, MI
2,580
Population
1,234
Households
2.1
Avg Household Size
52
Median Age
35%
College-Educated
97%
High-School Grad
21.3 sq mi
ZIP Area
121
Density / Sq Mi
$113,333
Median Household Income
$54,356
Median Earnings
$1,166
Median Rent
$280,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with a heated shop, multiple overhead doors, and a dedicated office suite with private rooms and conference space.
Where is this flex space located?
The property is located at 9486 S Meridian Road Clarklake, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,656 SF industrial facility in Liberty Township built in 2017 with a 1,200 SF office and 3,456 SF heated shop.; Heated shop has 16 ft ceilings, heavy‑duty concrete floor with steel fiber reinforcement, and three overhead doors: two 12 ft and one 14 ft.; Office area includes multiple private offices, conference room, and reception area.
