Multi-Tenant Office/Warehouse Investment
1484 Straits Dr Bay City, MI 48706
For Sale
Contact for pricing
Multi-tenant office building in Valley Center Technology Park.
Property Size18,750 SF
Price / SF$91.20
Days on Market1072
Property Features for 1484 Straits Dr
General Information
- Standard status
- Active
- Size
- 18,750 SF
- Property subtype
- Office
Listing Agency:
Trademark Commercial Group
(989) 792-2192
Listed By:
Gretchen Witherspoon · License #MI 6501316390
Source:
Crexi
Added: Aug 17, 2023
Changed: Jul 6
Last Checked: Jul 22 at 6:12PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This multi-tenant professional office building is located in Bay County’s Valley Center Technology Park at US-10 and Mackinaw Road. The property features seven units, with one currently vacant. The complex consists primarily of office space with some tech/warehouse space. It was originally constructed with six overhead doors in the rear. The property is situated in the heart of the Great Lakes Bay Region, providing convenient access to Saginaw, Bay City, and Midland. The updated capitalization rate is 11%.
Key Highlights
- High 11% Cap Rate
- Multi‑tenant professional office building located in Valley Center Technology Park
- Easy access to Saginaw, Bay City, and Midland
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.3k | $7.64 |
| − Vacancy | −$8.0k | −$0.43 |
| EGI | $135.2k | $7.21 |
| − OpEx | −$20.3k | −$1.08 |
| NOI | $115.0k | $6.13 |
18,750 SF · lease $7.64/SF/yr · vacancy 5.59% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.97M
NOI $178,200 @ 7.0% cap · market cap 10.42%
Second Best
Warehouse
$1.64M
$1.44M – $1.92M
NOI $114,956 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,600 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bridget Ross
Physician
NAEEM AHMED
Physician
Purvaj Patel
Physician
April St John-Keenoy
Pediatrician
Ivette Zarrillo
Physician
FAQs
What type of property is this?
Office building - Multi-tenant office building in Valley Center Technology Park.
Where is this office building located?
The property is located at 1484 Straits Dr Bay City, MI.
What is the asking price?
The asking price for this property is $1,710,000.
What are key features of this property?
This property features: High 11% Cap Rate; Multi‑tenant professional office building located in Valley Center Technology Park; Easy access to Saginaw, Bay City, and Midland
