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    7070 Miller Rd Swartz Creek, MI 48473

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Genesee County retail space available.

    Lot size:
    75,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This 5,200 square foot retail space is located within the highly successful Swartz Creek Plaza, a dominant neighborhood shopping center in Genesee County. Situated on Miller Road, just west of Elms Road and the I-69 interchange, this end-cap space offers exceptional visibility and accessibility. The plaza boasts a strong tenant mix, including a recently expanded Kroger supermarket exceeding $25 million in annual sales, as well as other popular national fast-food chains such as Burger King, Arby's, Wendy's, and McDonald's. This ensures high traffic volume and a robust customer base for potential tenants. The property is zoned B-1 and features ample parking. The space itself is ideal for a variety of uses, including medical, retail, or professional services. The entire Swartz Creek Plaza has historically maintained 100% occupancy, demonstrating its enduring appeal and strong market position. This exceptional location and established success make this a rare opportunity for a business seeking a high-traffic, easily accessible retail space in a thriving community. The total building size is 75,282 square feet, with 5,200 square feet currently available for lease. This presents a unique chance to establish a presence in a well-established and highly visible shopping center.

    Property Features for 7070 Miller Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,282 SF
    Total Rate
    156837.5

    Unit(s) available at that property

    Space
    Unit A
    Size
    5,200 SF
    Rate per SF
    $25

    We can help!

    Listing Contact
    Gordon Hyde
    Gordon Hyde

    Learn more

    Property Insight Report

    HighLights

    • 75,282 SF retail shopping center in Genesee County.
    • 5,200 SF of vacant space available for lease.
    • B‑1 zoning.
    • Located on Miller Rd, west of Elms Rd and I‑69 interchange.
    • Strong co‑tenancy including Burger King, Arby's, Wendy's, McDonald's, and a recently expanded Kroger exceeding $25M in sales.
    • High traffic, historically 100% leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Swartz Creek
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8143729
    Latitude
    42.9642852

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    Nearby Similar for Lease

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    • $25 SF/Yr
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      Neighborhood Shopping Center Retail Space

      Retail space in a dominant neighborhood shopping center for rent.
      7060-7070 Miller Rd, Swartz Creek, MI 48473
      View Details
    • Contact for pricing
      871 SF

      Meijer In-Store Retail Space

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Genesee County retail space available.
    Where is this lifestyle center located?
    The property is located at 7070 Miller Rd Swartz Creek, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 75,282 SF retail shopping center in Genesee County.; 5,200 SF of vacant space available for lease.; B-1 zoning.
    Request Owner's contact information
    7070 Miller Rd Swartz Creek, MI 48473
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    Swartz Creek, MI 48473
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7070 Miller Rd Swartz Creek, MI 48473
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    We can help!
    Listing Contact
    Gordon Hyde
    Gordon Hyde
    Real Estate License ID: 6501401975
    Learn more
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