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Downtown Office Suite with Patio

102-150 Jeffords, Dexter, MI

For Sale
$475,000

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 Market392

Property Features for 102-150 Jeffords

General Information

Standard status Active
Size 1,504 SF

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $11,017

Building Details

Year Built 2019
Listing Agency: Wentworth Real Estate Group
Listed By: Jaclynn D Sparre
Source: Exprealty
Added: Oct 14, 2025 Changed: Nov 3 Last Checked: Nov 8 at 7:38AM

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

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Review the available facts, identify missing information and prepare questions for the agent.

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.

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 / Yr
$23,201
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
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 (±1% cap)
NOI $30,934 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Nail Salon Hair Salon Auto Repair Shop Restaurant Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

441
Businesses Nearby

Market

Average Price Trend$/SF for Office buildings in Washtenaw County, MI

$290 Jul
$197 Aug
$236 Sep
$240 Oct

Properties on Market for Office buildings in Washtenaw County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

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
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Includes: Price & PSF · Cap rate · Location · Zoning

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