Add Listing
    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

    5103 Eastman Ave Midland, MI 48640

    View on Map
    Sponsored
    Picture of Office Units at Eastman Ave 5103, Midland, MI
    For Lease
    $850 /Mo ($18 SF/Yr)

    Commercial/Industrial - Midland, MI

    Property size:
    550 SF
    Lot size:
    2.30 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 6:06 am

    Property Features for 5103 Eastman Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Professional Office
    APN
    14-05-40-270
    Interior features
    1 Phase Power, Carpet, Elevator(s), Private Restrooms, Restroom(s)
    Exterior features
    Billboard
    Accessibility
    Accessible Elevator Installed
    Size
    550 SF
    Lot size
    2.30 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1968
    Building materials
    Block
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Patrick Devereaux

    RE/MAX New Image

    Listing agent Patrick Devereaux License #6501180276

    Listing date Mar 26, 2026

    MLS# 50202511 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 with Utilities Included

    This commercial space in Midland, Michigan, offers 550 square feet of office space, comprising three separate offices. The property, zoned for professional office use, includes all utilities in the gross lease. The building features an elevator lobby and ample parking. The property is situated on a 2.3-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Angelique Rinearson Foster Care Service Peroxsys LLC Medical Clinic Massage Therapy LLC Alternative Medicine Practice Harrison Teresa Foster Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    • New
      $1,460 /Mo
      1,460 SF

      Office Space in Midland, MI

      Multiple office units available for rent in Midland, Michigan.
      720 W Wackerly St, Midland, MI 48640
      View Details
    • New
      $1,325 /Mo
      1,325 SF

      Office Space in Midland, MI

      Multiple office units available for rent in Midland, Michigan.
      720 W Wackerly St, Midland, MI 48640
      View Details
    • $350 /Mo
      200 SF

      Office Space in Midland, MI

      Second floor office space available near elevator in Midland.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $650 /Mo

      Midland Retail Suite For Rent

      Highly visible Midland location, move-in ready, shared amenities.
      124 Ashman Cir, 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
    • $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
    • $850 /Mo
      550 SF

      Office Space in Midland, MI

      Second floor office space available for rent in Midland.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $550 /Mo
      336 SF

      Office Space in Midland, MI

      Office space for rent in Midland, Michigan, 336 square feet.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      7,521 SF

      Midland Office/Medical Space Available

      Unfinished office/medical space for lease near Midland Mall.
      801 Joe Mann Blvd, Midland, MI 48642
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring three separate offices with utilities included.
    Where is this office units located?
    The property is located at 5103 Eastman Ave Midland, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - $850/month Gross Lease (includes all utilities); - Features 3 Separate Offices; - Elevator Lobby
    (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
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!