Two-Story Office
For Sale
$289,900
1716 Wildwood Avenue, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size3,776 SF
Lot Size0.22 Acres
Price / SF$76.77
Days on Market91
Property Features for 1716 Wildwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
I-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
5
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
000-08-28-337-007-00
Size
3,776 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 AND VACATED ALLEY LYING BETWEEN LOTS 3 AND 4 DREXEL PLACE
Tax Annual Amount
2758
Legal Description
LOT 3 AND VACATED ALLEY LYING BETWEEN LOTS 3 AND 4 DREXEL PLACE
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1977
Floors in Building
2
Number of units
1
Listing Agency:
Exit Realty 1st LLC
(517) 796-9300
Listed By:
KIMBERLY J KURTZ · License #6502343614
(517) 745-1007
Added: Jun 11
Changed: Sep 7
Last Checked: Sep 9 at 6:06PM
MLS# 26029018
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office property contains 3,776 square feet on a 0.22-acre parcel and was built in 1977. The building includes three bathrooms, central air conditioning, forced-air heat, and broadband service. Its prior uses included tool and die operations and contracting services, providing a documented history of office and service-oriented occupancy.
Located at 1716 Wildwood Avenue in Jackson, Michigan, the property is within Blackman Township and carries I-2 General Industrial zoning. The designation supports a broader range of industrial, manufacturing, specialty-trade, and commercial activities than conventional office zoning, subject to applicable requirements.
Located at 1716 Wildwood Avenue in Jackson, Michigan, the property is within Blackman Township and carries I-2 General Industrial zoning. The designation supports a broader range of industrial, manufacturing, specialty-trade, and commercial activities than conventional office zoning, subject to applicable requirements.
Key Highlights
- 3,776‑square‑foot building on a 0.22‑acre parcel
- Two‑story configuration with three bathrooms
- I‑2 General Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,680
$524.7K
Cap Rate 7%
$374,771
$374.8K
Cap Rate 9%
$291,489
$291.5K
Market Conditions
NOI Build-Up for 3,776 SF
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.
Gross rent
$41.7K $11.04/SF
− Vacancy
−$4.2K −$1.12/SF
EGI
$37.5K $9.92/SF
− OpEx
−$11.2K −$2.98/SF
NOI
$26.2K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,680
Cap Rate 7%
$374,771
Cap Rate 9%
$291,489
Alternative Uses
Best Use
Flex RnD
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 12.23%
Second Best
Office B
$452.1K
$395.6K – $527.4K
NOI $31,646 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office property with I-2 General Industrial zoning, central air, forced-air heat, and broadband connectivity.
Where is this office units located?
The property is located at 1716 Wildwood Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 3,776‑square‑foot building on a 0.22‑acre parcel; Two‑story configuration with three bathrooms; I‑2 General Industrial zoning
