Office Suite with Private
For Sale
Contact for pricing
120 Grandview Boulevard, Gaylord, MI 49735
Suite includes a private office and access to a shared private lobby in a residential building with 80+ occupied units.
Property Size650 SF
Price / SF$0.92
Days on Market101
Property Features for 120 Grandview Boulevard
General Information
Standard status
Active
Size
650 SF
Property subtype
Business Opportunity
Amenities
shared lobby
storage room available
Building Details
Tenancy
Multi
Listing Agency:
smith realty GROUP
Listed By:
SOLD ON MICHIGAN TEAM NANCY, LESLIE, KAYCIE, KINSEY, & TROY
(989) 732-2477
Source:
Genodangelo
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 7 at 1:38PM
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 smith realty GROUP
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Investment Insights
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The suite features one private office with access to a shared private lobby, along with two additional offices. A storage room is available at additional cost, providing extra space for files or business supplies. The layout supports a professional workflow while keeping shared entry space separate from the office areas.
Located at 120 Grandview Blvd in Gaylord, MI, the property sits within a primarily residential building with 80+ occupied units. That setting can be well-suited for service-oriented uses that want day-to-day contact with residents, as well as businesses seeking a private office environment within an established community.
Located at 120 Grandview Blvd in Gaylord, MI, the property sits within a primarily residential building with 80+ occupied units. That setting can be well-suited for service-oriented uses that want day-to-day contact with residents, as well as businesses seeking a private office environment within an established community.
Key Highlights
- Suite includes one private office with access to a shared private lobby
- Located in a primarily residential building with 80+ occupied units
- Storage room available at additional cost
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,227
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,540
$144.5K
Cap Rate 7%
$103,243
$103.2K
Cap Rate 9%
$80,300
$80.3K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$11.1K $17.04/SF
− Vacancy
−$1.4K −$2.22/SF
EGI
$9.6K $14.82/SF
− OpEx
−$2.4K −$3.71/SF
NOI
$7.2K $11.12/SF
Area
Otsego County, MI
Vacancy
13.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,540
Cap Rate 7%
$103,243
Cap Rate 9%
$80,300
Alternative Uses
Best Use
Office B
$103.2K
$90.3K – $120.5K
NOI $7,227 @ 7.0% cap · market cap 1,204.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$890.3K
$779.0K – $1.04M
NOI $62,322 @ 7.0% cap · market cap 10,387.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 49735, MI
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Suite includes a private office and access to a shared private lobby in a residential building with 80+ occupied units.
Where is this office unit located?
The property is located at 120 Grandview Boulevard Gaylord, MI.
What are key features of this property?
This property features: Suite includes one private office with access to a shared private lobby; Located in a primarily residential building with 80+ occupied units; Storage room available at additional cost
