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    Office Space with Attached Warehouse Option Title is generated by Realmo AI

    1935 S Industrial Highway, Ann Arbor, MI 48104

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    For Lease
    $16 SF/Yr $27,328/Mo (calc)

    COMMERCIAL - Ann Arbor, MI

    Property size:
    20,496 SF
    Lot size:
    1.26 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    197
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 1935 S Industrial Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    15
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    APN
    09-09-33-313-037
    Size
    20,496 SF
    Lot size
    1.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COM AT INT OF S LINE STIMPSON SUB & ELY ROW OF S INDUSTRIAL HWY, TH S 0 DEG 26 MIN W 287.30 FT FOR A POB, TH N 89 DEG 33 MIN E 280.19 FT, TH S O DEG 26 MIN W 199.81 FT, TH N 89 DEG 30 MIN 50 SEC W 280.16 FT, TH N O DEG 26 MIN E 195.23 FT TO POB, PRT OF SW 1/4 SEC 33, T2S, R6E CONT 1.27 FT AC +/-

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Number of units
    1
    Building materials
    Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Philip Conlin

    Listing agent Philip Conlin License #6504152026

    Listing office Conlin Company 1241 Rosewood, Ann Arbor, MI

    Listing date Nov 20, 2025

    MLS# 25059234

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,268 square feet of mostly open office space.
    • Highly visible, centrally located building.
    • Ample parking available.
    • 3,050 sf attached warehouse option.
    • Central Air Cooling.
    • Natural Gas Available.

    Overview

    This for-lease commercial space offers 4,268 square feet of mostly open office area with some private offices, designed to support a range of professional and administrative uses. The building also includes an attached 3,050 square foot warehouse option, allowing tenants to combine office space with light warehouse needs in the same location. The property is currently vacant, ready for a new tenant’s occupancy.

    Located in Ann Arbor, the building is described as centrally located and highly visible. Ample parking is available for employees and visitors, making the property more convenient for day-to-day access and customer traffic.

    The combination of open office functionality, private office space, and an attached warehouse option makes this arrangement practical for businesses that need both work space and storage or light distribution capacity. This setup can also be appealing for tenants seeking a straightforward office environment with the flexibility to add warehouse space as their operational requirements evolve. With vacancy at the time of listing, it may be well suited for an incoming tenant looking to plan an efficient move-in timeline.
    Property Profile Location Intelligence

    Current Use by Public Records

    DB Graphics A2 (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.736504
    Latitude
    42.259072

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    FAQs

    What type of property is this?
    Office units - Mostly open office layout with private rooms, with an attached warehouse option and ample parking at a highly visible site.
    Where is this office units located?
    The property is located at 1935 S Industrial Highway Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 4,268 square feet of mostly open office space.; Highly visible, centrally located building.; Ample parking available.
    (734) 645-8989
    We can help!
    Listing Contact
    Philip Conlin
    Real Estate License ID: 6504152026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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