Steel Flex Warehouse
C-4-2695 Hein Rd Muskegon, MI 49445
For Sale
$209,900
Finished steel unit with 18-foot ceilings, 14 x 14 overhead door, and bath, plus 3-phase power and utilities.
Property Size1,500 SF
Price / SF$139.93
Days on Market73
Property Features for C-4-2695 Hein Rd
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
RE/MAX Lakeshore
(616) 638-3900
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Exprealty
Added: May 19
Changed: Jul 28
Last Checked: Jul 29 at 9:18PM
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 RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
This immaculate steel flex warehouse unit features a fully finished interior designed for practical everyday use. The build includes 6-inch concrete floors, 18-foot ceilings with lighting and a ceiling fan, and a 14 x 14 overhead door for straightforward access. Interior amenities include a full bath, along with two mini-split systems for heating and cooling.
The unit is served by 3-phase power, city water and sewer, and fast fiber internet. It is located just minutes from Highway 31, within a professionally maintained association that charges $75 per month and covers snow removal and common area upkeep.
The space is part of a clean, versatile set of units provided through the association, offering an enclosed, finished configuration suitable for a range of business or personal uses where a steel warehouse buildout is desired.
The unit is served by 3-phase power, city water and sewer, and fast fiber internet. It is located just minutes from Highway 31, within a professionally maintained association that charges $75 per month and covers snow removal and common area upkeep.
The space is part of a clean, versatile set of units provided through the association, offering an enclosed, finished configuration suitable for a range of business or personal uses where a steel warehouse buildout is desired.
Key Highlights
- Immaculate 25 x 60 steel unit with fully finished interior
- 18' ceilings with lights and ceiling fan; built with 6'' concrete floors
- 14 x 14 overhead door for easy loading and access
Financial Insights For Warehouse
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 | $21.1k | $14.04 |
| − Vacancy | −$505 | −$0.34 |
| EGI | $20.6k | $13.70 |
| − OpEx | −$3.1k | −$2.06 |
| NOI | $17.5k | $11.65 |
1,500 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$249.6K
$218.4K – $291.2K
NOI $17,471 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
Theoretical Best
Hotel Hospitality
$14.09M
$12.33M – $16.43M
NOI $986,059 @ 7.0% cap · market cap 469.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Finished steel unit with 18-foot ceilings, 14 x 14 overhead door, and bath, plus 3-phase power and utilities.
Where is this flex space located?
The property is located at C-4-2695 Hein Rd Muskegon, MI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Immaculate 25 x 60 steel unit with fully finished interior; 18' ceilings with lights and ceiling fan; built with 6'' concrete floors; 14 x 14 overhead door for easy loading and access
