Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Building Size 17,310 SF

Year Built 1980

Listing Agency: Signature Associates - Southfield

Listed By: Jim Montgomery · License #6501312404 Show Phone

Source: Cpix.resimplifi

Added: Feb 4 Changed: Oct 12 Last Checked: Oct 14 at 7:54PM

Report an Issue

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 Signature Associates - Southfield

Investment Insights

Based on property information with market context.

This 17,310-square-foot flex space includes updated office areas, two loading docks, heavy power, and fenced outdoor storage. The facility was built in 1980 and has been maintained with office improvements supporting its current configuration.

The property is zoned Light Industrial and is located at 951 Jones St in Howell, Michigan. I-96 is approximately one-quarter mile away, providing a nearby highway connection for the facility.

Key Highlights

• 17,310 SF flex space with updated offices
• Two docks and heavy power
• Fenced outdoor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$107,919

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,158,380 $2.2M

Cap Rate 7%

$1,541,700 $1.5M

Cap Rate 9%

$1,199,100 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,310 SF

Gross rent

$172.4K $9.96/SF

− Vacancy

−$6.4K −$0.37/SF

EGI

$166.0K $9.59/SF

− OpEx

−$58.1K −$3.36/SF

NOI

$107.9K $6.23/SF

Area

Livingston County, MI

Vacancy

3.70%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,158,380

Cap Rate 7%

$1,541,700

Cap Rate 9%

$1,199,100

Alternative Uses

Best Use

Flex RnD

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,919 @ 7.0% cap · market cap 4.45%

Second Best

Industrial

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $105,018 @ 7.0% cap · market cap 4.33%

Theoretical Best

Healthcare Medical

$2.76M

$2.41M – $3.22M (±1% cap)

NOI $193,005 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Building Supply Furniture & Home Goods Parking Lot & Garage Grocery & Convenience Store

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

Lease Details

2

Dock-high doors

Yes

Heavy power

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

645

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 48843, MI

47,704

Population

19,001

Households

2.5

Avg Household Size

41

Median Age

37%

College-Educated

95%

High-School Grad

89.6 sq mi

ZIP Area

532

Density / Sq Mi

$91,620

Median Household Income

$48,613

Median Earnings

$1,221

Median Rent

$323,100

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

Similar For Sale Nearby

See more

Flex Space with Mezzanine

317 Catrell Dr, Howell, MI 48843

$1,350,000

18,016 SF

View details

Multi-Tenant Office-Retail Building

1004 Michigan Avenue, Howell, MI 48843

$1,125,000

View details

Howell Retail Space For Lease

1002 E Grand River Ave, Howell, MI, 48843, Howell, MI 48843

Contact for pricing

11,180 SF

View details

Historic Multifamily Building in Howell

121 S COURT St, Howell, MI 48843

$650,000

0.11 Acres

View details

Professional Office Building on Grand River

2739 East Grand River Avenue, Howell, MI 48843

$725,000

4,000 SF

View details

Basement Office Suite

4330 East Grand River Avenue, Howell, MI 48843

$185,000

5,874 SF

View details

Condominium Office Property For Sale

4306 East Grand River Avenue, Howell, MI 48843

$75,000

5,874 SF

View details

Renovated Office Building with Pond

620 N Burkhart Rd, Howell, MI 48843

$599,000

3,018 SF

View details

High-Traffic Corner Commercial Opportunity

Howell, MI 48843

$650,000

1,800 SF

View details

Office/Retail Condo Near Downtown Howell

4218 Grand River Avenue, Howell, MI 48843

Contact for pricing

6,000 SF

View details

Two-Story Office Building

515 East Grand River Avenue, Howell, MI 48843

$225,000

1,800 SF

View details

Retail Space in Kroger Center

118-138 Highland Road |, Howell, MI 48843

Contact for pricing

View details

Similar Off Market Nearby

• PJ's Catering — 938 S Michigan Ave, Howell, MI 48843
• Getty Up BBQ — 921 Hadden Ave, Howell, MI 48843
• Heaven on a Roll — 235 Fair Ave, Howell, MI 48843

Frequently Asked Questions

What type of property is this?

Flex space - The facility combines updated offices, heavy power, and fenced exterior storage.

Where is this flex space located?

The property is located at 951 Jones St Howell, MI.

What is the asking price?

The asking price for this property is $2,423,000.

What are key features of this property?

This property features: 17,310 SF flex space with updated offices; Two docks and heavy power; Fenced outdoor storage