Steel Flex Warehouse
For Sale
$209,900
C-4-2695 Hein Rd, Muskegon, MI 49445
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 Market165
Property Features for C-4-2695 Hein Rd
General Information
Standard status
Active
Size
1,500 SF
Warehouse & Industrial
Clear Height
18 ft
Heavy Power
Yes
Listing Agency:
RE/MAX Lakeshore
(616) 935-1150
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Exprealty
Added: May 19
Changed: Oct 25
Last Checked: Oct 28 at 9:05AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$14,388
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,760
$287.8K
Cap Rate 7%
$205,543
$205.5K
Cap Rate 9%
$159,867
$159.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.1K $14.04/SF
− Vacancy
−$505 −$0.34/SF
EGI
$20.6K $13.70/SF
− OpEx
−$6.2K −$4.11/SF
NOI
$14.4K $9.59/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,760
Cap Rate 7%
$205,543
Cap Rate 9%
$159,867
Alternative Uses
Best Use
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
Second Best
Flex RnD
$92.5K
$81.0K – $107.9K
NOI $6,476 @ 7.0% cap · market cap 3.09%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49445, MI
21,245
Population
9,109
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
348
Density / Sq Mi
$80,514
Median Household Income
$45,874
Median Earnings
$1,163
Median Rent
$209,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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
