Office Building with Backup
For Sale
$4,100,000
3000 Blake Road, Jackson, MI 49201
O-1-zoned office facility with specialized electrical service, loading infrastructure, and backup power.
Property Size41,776 SF
Days on Market44
Property Features for 3000 Blake Road
General Information
Standard status
Active
Size
41,776 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$93,260
Building Details
Building Size
41,776 SF
Year Built
1980
Buildings
1
Stories
2
Units
1
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 204-4385
Listed By:
PHILLIP M MORGAN · License #6502108104
Source:
Erareardonrealty
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 28 at 8:48PM
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 ERA Reardon Realty, L.L.C.
Investment Insights
Based on property information with market context.
Located at 3000 Blake Road in Jackson, Michigan, this office property contains 41,776 square feet within a 25.5-acre site. The existing configuration can be adapted for multi-tenant occupancy, while 280V 3-phase electrical service, an 8' x 8' dock with leveler, and a backup generator add functional capacity for specialized operations. The source information identifies potential office, school, medical, and laboratory applications.
The property is positioned along the I-94 corridor, with highway access connecting to Ann Arbor and Lansing. Its O-1 Office District zoning supports a range of permitted and conditional uses. The substantial site area also provides a basis for future expansion, redevelopment, or repositioning, subject to applicable approvals.
The property is positioned along the I-94 corridor, with highway access connecting to Ann Arbor and Lansing. Its O-1 Office District zoning supports a range of permitted and conditional uses. The substantial site area also provides a basis for future expansion, redevelopment, or repositioning, subject to applicable approvals.
Key Highlights
- 41,776 square feet of office space on a 25.5‑acre site
- O‑1 Office District zoning with permitted and conditional use flexibility
- 280V 3‑phase electrical service
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
$350,116
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
8.54%
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%
$7,002,320
$7.0M
Cap Rate 7%
$5,001,657
$5.0M
Cap Rate 9%
$3,890,178
$3.9M
Market Conditions
NOI Build-Up for 41,776 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
$601.6K $14.40/SF
− Vacancy
−$134.8K −$3.23/SF
EGI
$466.8K $11.17/SF
− OpEx
−$116.7K −$2.79/SF
NOI
$350.1K $8.38/SF
Area
Jackson County, MI
Vacancy
22.40%
Lease Rate
$14.40 /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%
$7,002,320
Cap Rate 7%
$5,001,657
Cap Rate 9%
$3,890,178
Alternative Uses
Best Use
Office B
$5.00M
$4.38M – $5.84M
NOI $350,116 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.67M
$5.84M – $7.78M
NOI $466,822 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - O-1-zoned office facility with specialized electrical service, loading infrastructure, and backup power.
Where is this office building located?
The property is located at 3000 Blake Road Jackson, MI.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 41,776 square feet of office space on a 25.5‑acre site; O‑1 Office District zoning with permitted and conditional use flexibility; 280V 3‑phase electrical service
