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    Property profile & analytics
    OFF-MARKET Estimated value $855,000
    Office buildings

    3401 Sterns Rd, Lambertville, MI 48144-9576

    7,992 SF 1.16 ac lot
    Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1521027
    Property summary
    AI-generated overview

    This exceptional Lambertville, MI industrial property presents a significant investment opportunity. Located at 3401 Sterns, the building currently boasts 7,992 square feet of leasable space, divided into six main-level rental units. Four of these units benefit from convenient basement storage. A compelling aspect of this property is the significant expansion potential. An additional approximately 2,952 square feet of unfinished space is available on the upper level, ready for development. The upper level is already plumbed for a bathroom, simplifying build-out. Upon completion of the upper level, the total building square footage will reach approximately 13,842 square feet. The property sits on a generous 1.16-acre lot, providing ample space for operations and future expansion. The asking price is $1,599,000. The seller is open to owner financing, offering a flexible purchase option for qualified buyers. This property is ideal for investors seeking a strong return on investment or businesses looking to expand their operations in a prime Lambertville location. The existing rental income stream provides immediate cash flow, while the significant expansion potential offers long-term growth opportunities. Don't miss this chance to acquire a versatile and valuable commercial property.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 7,992 SF
    Lot 1.16 ac (50,530 SF)
    APN 02-491-002-00
    UPID US43-1521027
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $856k
    Blend (final) Blend
    $855k
    Owner & transaction history
    Quail Hollow Commons LLC · 21 yrs held
    Quail Hollow Commons LLC
    since 2005
    1 recorded transaction
    2005
    $210,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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