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Financial
Distress signals
Property profile

3240 Owen Rd Fenton, MI 48430

FOR LEASE
Other commercial real estate
Property ID
US43-5061263
3,040 SF 1.38 ac lot Built 1968
Last sale Oct 2005 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial flex building with a split-use layout comprising approximately 912 sq. ft. of office/showroom space and approximately 2,128 sq. ft. of warehouse area. Loading and warehouse operations are supported by a 14-foot overhead door. It includes fenced outdoor space and ample private paved parking. The site is located along US-23 in Fenton and is accessed via an easement through an adjacent Mobil gas station. The building is configured for combined light…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$4k
Tax billed · 2019
Assessed value · 2023$165k
Effective rate2.52%

Value estimate

· Oct 2026
$355k
$320k – $391k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 487.26% cap applied$17k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$113/SF
ZIP average, outlier-cleaned · 113 recorded sales of this use type
Observed band · Q1–Q3$64 – $167
Qualifying comparables6

Cap rate analysis

How does the asset earn?
487.26%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IND
INDUSTRIAL DISTRICT (IND) Sec. 12.01 Purpose The Industrial District (IND) is intended to primarily accommodate research, wholesale, and ...
General categoryINDUSTRIAL
JurisdictionGENESEE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.3
HVAC Service13.4
Kitchen & Bath11.1

Location

3240 Owen Rd Fenton, MI 48430
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10005 Hartland, Fenton, MI 48430-8745 $350,000 Oct 2025 2,800 SF
2439 Long Lk, Fenton, MI 48430-1461 $335,000 Jan 2025 3,299 SF
1110 Leroy, Fenton, MI 48430-2758 $350,000 Sep 2024 2,790 SF
400 Adelaide, Fenton, MI 48430-2021 $68,000 Aug 2024 2,880 SF
1315 Leroy, Fenton, MI 48430-2793 $500,000 Jun 2024 3,000 SF
409 Leroy, Fenton, MI 48430-2164 $650,000 Apr 2024 3,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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