Leased Flex Industrial
For Sale
$3,350,000
1195 Oak Valley Dr, Ann Arbor, MI 48108
NNN flex/industrial building with docked bay access and an office suite configured with private offices and restrooms.
Property Size17,243 SF
Price / SF$194.28
Days on Market118
Property Features for 1195 Oak Valley Dr
General Information
Standard status
Active
Size
17,243 SF
Property subtype
Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Dock-High Doors
1
Amenities
conference rooms
kitchenette
mezzanine storage
Building Details
Tenancy
Single
Listing Agency:
Ann Arbor
Listed By:
James Chaconas · License #6502358011
(734) 769-5005
Source:
Colliers
Added: May 14
Changed: Aug 16
Last Checked: Sep 7 at 4:36AM
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 Ann Arbor
Investment Insights
Based on property information with market context.
This NNN flex/industrial property totals 17,243 SF and is fully leased through September 2035. The office area includes private offices, conference rooms, a kitchenette, and restrooms. The flex portion features two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door.
The property is located in Pittsfield Township within Valley Ranch Business Park, managed locally by Oxford Companies. It is near I-94, State Street, and downtown Ann Arbor, and is positioned among major retailers and established businesses.
On-site parking supports day-to-day access for employees and visitors, while the warehouse/flex configuration is designed for practical operations with docked loading and large-bay functionality.
The property is located in Pittsfield Township within Valley Ranch Business Park, managed locally by Oxford Companies. It is near I-94, State Street, and downtown Ann Arbor, and is positioned among major retailers and established businesses.
On-site parking supports day-to-day access for employees and visitors, while the warehouse/flex configuration is designed for practical operations with docked loading and large-bay functionality.
Key Highlights
- 17,243 SF NNN investment building fully leased to a strong tenant through September 2035
- Flex/industrial space includes two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door
- Office area features private offices, conference rooms, kitchenette, and restrooms
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
$164,353
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
4.91%
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%
$3,287,060
$3.3M
Cap Rate 7%
$2,347,900
$2.3M
Cap Rate 9%
$1,826,144
$1.8M
Market Conditions
NOI Build-Up for 17,243 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
$269.0K $15.60/SF
− Vacancy
−$16.1K −$0.94/SF
EGI
$252.9K $14.66/SF
− OpEx
−$88.5K −$5.13/SF
NOI
$164.4K $9.53/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$3,287,060
Cap Rate 7%
$2,347,900
Cap Rate 9%
$1,826,144
Alternative Uses
Best Use
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,353 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,063 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,574 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - NNN flex/industrial building with docked bay access and an office suite configured with private offices and restrooms.
Where is this flex space located?
The property is located at 1195 Oak Valley Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 17,243 SF NNN investment building fully leased to a strong tenant through September 2035; Flex/industrial space includes two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door; Office area features private offices, conference rooms, kitchenette, and restrooms
