Downtown Office Suite with
For Sale
$475,000
102-150 Jeffords, Dexter, MI
Modern 2019-built office suite with private foyer, in-suite bathroom, kitchen, epoxy floors, and a covered patio terrace.
Property Size1,504 SF
Price / SF$315.82
Days on Market301
Property Features for 102-150 Jeffords
General Information
Standard status
Active
Size
1,504 SF
Additional Details
Road Access
Yes
Building Details
Year Built
2019
Listing Agency:
Wentworth Real Estate Group
(248) 802-9509
Listed By:
Jaclynn D Sparre
(248) 802-9509
Source:
Exprealty
Added: Oct 14, 2025
Changed: Jul 26
Last Checked: Aug 9 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wentworth Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2019, this downtown office suite is configured with a private front foyer, a main office area, and two private offices. The space includes covered patio terrace access, an in-suite bathroom, plus a kitchen and storage room. Interior finishes include high-end mechanical blinds and epoxy floors.
The building is positioned on a high-traffic downtown location right off Main Street. It is near Mill Creek Park North and the Border to Border Trailhead.
The offering also notes fiberoptic internet capabilities tied to the building’s newer construction. The HOA reserve is fully funded.
The building is positioned on a high-traffic downtown location right off Main Street. It is near Mill Creek Park North and the Border to Border Trailhead.
The offering also notes fiberoptic internet capabilities tied to the building’s newer construction. The HOA reserve is fully funded.
Key Highlights
- Office suite in a building built in 2019 with 1,504 SF total space
- Private front foyer plus main office space, two private offices, and an in‑suite bathroom
- Kitchen and storage room included
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
$23,201
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
4.88%
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%
$464,020
$464.0K
Cap Rate 7%
$331,443
$331.4K
Cap Rate 9%
$257,789
$257.8K
Market Conditions
NOI Build-Up for 1,504 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
$36.1K $24.00/SF
− Vacancy
−$5.2K −$3.43/SF
EGI
$30.9K $20.57/SF
− OpEx
−$7.7K −$5.14/SF
NOI
$23.2K $15.43/SF
Area
Washtenaw County, MI
Vacancy
14.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$464,020
Cap Rate 7%
$331,443
Cap Rate 9%
$257,789
Alternative Uses
Best Use
Office B
$331.4K
$290.0K – $386.7K
NOI $23,201 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.9K
$386.7K – $515.6K
NOI $30,934 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern 2019-built office suite with private foyer, in-suite bathroom, kitchen, epoxy floors, and a covered patio terrace.
Where is this office building located?
The property is located at 102-150 Jeffords Dexter, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Office suite in a building built in 2019 with 1,504 SF total space; Private front foyer plus main office space, two private offices, and an in‑suite bathroom; Kitchen and storage room included
