Vacant owner/user opportunity with flexible warehouse, finished live/work-style support space, and usable 3-acre yard / outdoor storage area. Property includes an approximately 4,500 SF building on approximately 3 acres with 3-phase power, septic, finished HVAC office/living-style support area, bathroom/shower, kitchenette, warehouse space, loft/storage, large 12' wide by 14' tall garage doors, and cleared outdoor area for parking, equipment, vehicles, or future use. The land is graded/cleared with asphalt millings in place. Ideal for a contractor, trades business, storage user, service business, light industrial use, or an owner/user or investor looking to lease the property again.
Property is currently vacant, so prior rent and NOI are historical only, not current in-place income. Previous tenant paid $8,500/month; buyer should independently verify achievable market rent, operating expenses, zoning/use, live/work suitability, and projected NOI.
- Prior rent/revenue: $8,500/month
- Annual gross revenue: $102,000/year
Expense breakdown:
- Property taxes: ~$5,150/year
- Property insurance: ~$2,400/year
- Total taxes + insurance: ~$7,550/year
- Monthly equivalent: ~$629/month
NOI math:
- $102,000 gross annual revenue
- Less $5,150 taxes
- Less $2,400 insurance
- Estimated NOI: ~$94,450/year
At $750,000 price: ~12.6% cap
Can also be leased at a minimum of 1 year - Call broker for additional information.