Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3707 S Old 27 Gaylord, MI 49735

    Sponsored
    For Lease
    $4,620 /Mo ($14 SF/Yr)

    Manufacture/Warehouse,Office Building - Gaylord, MI

    Property size:
    3,960 SF
    Lot size:
    1.15 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 19 at 11:06 pm

    Property Features for 3707 S Old 27

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    3,960 SF
    Lot size
    1.15 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1970
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Query

    Manitou Commercial Real Estate, LLC (231) 632-9596

    Listing agent Kevin Query (231) 632-9596

    Listing date Feb 18, 2026

    MLS# 1942350 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Flexible Office and Warehouse Space

    This flexible office and warehouse space is available for lease. The front suite includes five private offices, a conference room, and a reception area. It also features an integrated warehouse area with a 10-foot overhead door. Private parking is available off Old 27. The layout is designed to support various operational needs, including office, service, and light industrial uses, facilitating efficient workflow between office and warehouse functions. The property is situated on a 1.15-acre lot. The space is suitable for users seeking a professional setting with flexible configuration, quality finishes, and a practical mix of administrative and storage or shop space. The property is located in Gaylord, MI, and offers 3,960 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.681398370361
    Latitude
    44.97686864769

    Nearby Similar for Lease

    • $2,500 /Mo

      Versatile Retail/Commercial Building For Lease

      High-traffic retail/commercial building with modern office and ample parking.
      2443 S Otsego Ave, Gaylord, MI 49735
      View Details
    • $1,700 /Mo
      1,800 SF

      Updated Commercial Space in Gaylord

      Modern 1800 sq ft commercial space suitable for various businesses.
      1504 S Otsego Ave, Gaylord, MI 49735
      View Details
    • $600 /Mo
      650 SF

      Affordable Office Space in Gaylord

      Flexible office suite in residential community, ideal for service-oriented professionals.
      120 Grandview Blvd, Gaylord, MI 49735
      View Details
    • $475 /Mo
      168 SF

      Office Space Near Downtown Gaylord

      Office space for lease near downtown Gaylord, Michigan.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • $325 /Mo
      112 SF

      Office Space in Gaylord, MI

      Office space for lease near downtown Gaylord, Michigan.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • $400 /Mo
      140 SF

      Office Space in Gaylord, MI

      Office space for lease near downtown Gaylord. Utilities included.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • $475 /Mo
      168 SF

      Office Space in Gaylord, MI

      Office space for lease near downtown Gaylord.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • $425 /Mo
      144 SF

      Office Space Near Downtown Gaylord

      Office space for lease near downtown Gaylord, Michigan.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • $3,200 /Mo
      3,500 SF

      Gaylord Flex/Industrial Space Available

      3,500 SF flex/industrial space for lease in Gaylord, MI.
      1865 O'rourke Blvd, Gaylord, MI 49735
      View Details
    • $500 /Mo
      1,080 SF

      Versatile Commercial Kitchen in Gaylord

      Well-equipped commercial kitchen ideal for various food-related ventures.
      120 Grandview Blvd, Gaylord, MI 49735
      View Details
    • $2,225 /Mo
      2,280 SF

      Gaylord Commercial Space For Rent

      2,280 sq ft commercial space in high-traffic Gaylord location.
      1349 S Otsego Ave, Gaylord, MI 49735
      View Details
    • $2,800 /Mo
      3,000 SF

      Gaylord Flex/Industrial Space Available

      3,000 SF flex/industrial space for lease in Gaylord, MI.
      1865 O'rourke Blvd, Gaylord, MI 49735
      View Details

    FAQs

    What type of property is this?
    Flex space - Office and warehouse space for lease in Gaylord, Michigan.
    Where is this flex space located?
    The property is located at 3707 S Old 27 Gaylord, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Flexible office and warehouse space suitable for office, service, and light industrial uses.; - Integrated warehouse area with a **10-foot overhead door**.; - Front suite includes **five private offices, a conference room, and a reception area**.
    (231) 632-9596
    Request Owner's contact information
    3707 S Old 27 Gaylord, MI 49735
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3707 S Old 27
    Gaylord, MI 49735
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3707 S Old 27 Gaylord, MI 49735
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Query
    (231) 632-9596 (231) 929-2955
    Learn more
    Google sign-in failed. Please try again or use another login method.