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

    5103 Eastman Ave Midland, MI 48640

    Sponsored
    Picture of Office space at Eastman Ave 5103, Midland, MI
    For Lease
    $350 /Mo ($21 SF/Yr)

    5 or More Units - Midland, MI

    Property size:
    200 SF
    Lot size:
    2.30 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 27 at 11:06 pm

    Property Features for 5103 Eastman Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    14-05-40-270
    Interior features
    110 Volt Power, Carpet, Elevator(s), Private Restrooms
    Exterior features
    Billboard, Pole Sign
    Accessibility
    Accessible Elevator Installed
    Size
    200 SF
    Lot size
    2.30 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Building materials
    Block, Brick, Stone
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Patrick Devereaux

    RE/MAX New Image (989) 262-7007

    Listing agent Patrick Devereaux (989) 790-0890 License #6501180276

    Listing date Jan 14, 2026

    MLS# 50182629 Listing URL

    Copyright © 2026 Saginaw Board of 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

    Property Insight Report

    Overview

    Office Space in Midland, MI

    This office space is located on the second floor and is conveniently situated near the elevator. The property is located in Midland, MI, within the postal code area of 48640. The lot size is 2.3 acres. The available space encompasses 200 square feet. Additional spaces are also available. The list price is $350.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Angelique Rinearson Social Worker Peroxsys LLC Skin Care Clinic Massage Therapy LLC Massage Therapist Harrison Teresa Social Worker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.247764
    Latitude
    43.64438

    Nearby Similar for Lease

    • $2,000 /Mo
      2,500 SF

      Office Space in Midland, MI

      Office space for lease with utilities and internet included.
      1912 S Saginaw Rd, Midland, MI 48640
      View Details
    • $15 SF/Yr
      5,071 SF

      Unique Pyramid-Shaped Office Building

      Exceptional 5,071 SF office space near Northwood University.
      4300 W Sugnet Rd, Midland, MI 48640
      View Details
    • $15 SF/Yr
      3,500 SF

      Midland Office Space For Lease

      Office space for lease in Midland, near US-10.
      1320 Waldo Ave, Midland, MI 48642
      View Details
    • $1,600 /Mo
      1,325 SF

      Office Space in Midland, MI

      Office space for rent with ample parking and elevator access.
      720 W Wackerly St, Midland, MI 48640
      View Details
    • $13 SF/Yr

      Prime Medical Office Suite

      2640 sq ft, US-10 location
      2520 Wackerly St, Midland, MI 48640
      View Details
    • $1,800 /Mo
      1,460 SF

      Office Space in Midland, MI

      Multiple office units available for lease in a quiet building.
      720 W Wackerly St, Midland, MI 48640
      View Details
    • $1,450 /Mo
      960 SF

      Office Space For Rent

      Second floor office space available near elevator in Midland.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $7 SF/Yr
      14,951 SF

      Midland Industrial Shop/Warehouse Space

      Prime Midland County location, 14,951 sq ft.
      1700 James Savage Rd, Midland, MI 48642
      View Details
    • $1.00 SF/Yr
      12,000 SF

      Midland Industrial/Office Space For Lease

      Versatile Warehouse & Office Space Available
      1406 Pine St, Midland, MI 48640
      View Details
    • $25 SF/Yr
      1,313 SF

      Midland Office/Medical Space Available

      Unfinished office/medical space for lease near Midland Mall.
      801 Joe Mann Blvd, Midland, MI 48642
      View Details
    • $4,500 /Mo
      3,000 SF

      Office Space in Midland, MI

      Second-floor office space available in Midland, Michigan.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $1,050 /Mo
      680 SF

      Midland Office Space For Rent

      Second floor office space available in Midland, Michigan.
      5103 Eastman Ave, Midland, MI 48640
      View Details

    FAQs

    What type of property is this?
    Office space - Second floor office space available near elevator in Midland.
    Where is this office space located?
    The property is located at 5103 Eastman Ave Midland, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Second floor space, conveniently located close to the elevator.; - Elevator(s) present.; - Benefit from the convenience of Private Restrooms.
    (989) 280-2622
    Request Owner's contact information
    5103 Eastman Ave Midland, MI 48640
    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.
    5103 Eastman Ave
    Midland, MI 48640
    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
    5103 Eastman Ave Midland, MI 48640
    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
    Patrick Devereaux
    Real Estate License ID: 6501180276
    (989) 280-2622
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.