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Steel Flex Warehouse Unit

D-3-2695 Hein Rd Muskegon, MI 49445

D-3-2695 Hein Rd, Muskegon, MI, 49445
$209,900
For Sale
Claim this Listing
$209,900

Immaculate 25-by-60 steel unit with fully finished interior, 18' ceilings, and a 14x14 overhead door.

Property Size1,500 SF
Price / SF$139.93
AddedMay 19
Days on Market57
Last RefreshJul 13 at 1:54 am

Property Features for D-3-2695 Hein Rd

General Information

Standard status
Active
Size
1,500 SF

Listing office RE/MAX Lakeshore

Listing date May 19, 2026

Source Exprealty

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 measures 25 by 60 and includes a fully finished interior. It features 6-inch concrete floors, soaring 18-foot ceilings with lights and a ceiling fan, and a 14-by-14 overhead door. The unit is supported by a full bath and includes two mini-split systems for heating and cooling, along with 3-phase power, city water and sewer.

The property also benefits from fast fiber internet. It sits within a professionally maintained association with dues of $75 per month, which covers snow removal and common area upkeep.

The interior improvements and flexible configuration make the unit well-suited for storage and workspace needs, with the overhead door supporting practical loading and access.

Key Highlights

  • 25‑by‑60 steel unit with a fully finished interior and professional association maintained at $75/month
  • 18' ceilings with lights and a ceiling fan, plus a full bath inside the unit
  • 14‑by‑14 overhead door for convenient access

Local 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 (±1% cap)
NOI $17,471 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$205.5K
$179.9K – $239.8K (±1% cap)
NOI $14,388 @ 7.0% cap · market cap 6.85%
Theoretical Best
Hotel Hospitality
$14.09M
$12.33M – $16.43M (±1% cap)
NOI $986,059 @ 7.0% cap · market cap 469.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Dental Office Auto Parts Store Furniture & Home Goods Grocery & Convenience Store Nail Salon Hair Salon Garden Center Locksmith Computer & Electronic Repair Veterinary Clinic

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

FAQs

What type of property is this?
Flex space - Immaculate 25-by-60 steel unit with fully finished interior, 18' ceilings, and a 14x14 overhead door.
Where is this flex space located?
The property is located at D-3-2695 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: 25‑by‑60 steel unit with a fully finished interior and professional association maintained at $75/month; 18' ceilings with lights and a ceiling fan, plus a full bath inside the unit; 14‑by‑14 overhead door for convenient access
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