Three-Building Office
For Sale
Contact for pricing
2330 E Stadium Blvd, Ann Arbor, MI 48104
Professional office property with multiple buildings, existing tenants, monument signage, and ample on-site parking.
Property Size20,800 SF
Price / SF$245.19
Days on Market11
Property Features for 2330 E Stadium Blvd
General Information
Standard status
Active
Size
20,800 SF
Property subtype
OFFICE
Occupancy
75%
Additional Details
Asking Price
$5,100,000
Road Access
Yes
Amenities
monument signage
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Colliers - Ann Arbor
(734) 994-3100
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Moodyscre
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 20 at 6:44AM
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 Colliers - Ann Arbor
Investment Insights
Based on property information with market context.
This professional office property comprises three buildings totaling 20,800 square feet. The campus is 75% occupied and leased to a diverse group of long-term tenants, providing an established operating profile within an office-focused setting.
The property is located on E. Stadium Blvd. in one of Ann Arbor’s established office corridors, with prominent frontage, monument signage, and ample parking. Nearby institutions include the University of Michigan, Michigan Medicine, Trinity Health, Eastern Michigan University, and Washtenaw Community College.
The property is located on E. Stadium Blvd. in one of Ann Arbor’s established office corridors, with prominent frontage, monument signage, and ample parking. Nearby institutions include the University of Michigan, Michigan Medicine, Trinity Health, Eastern Michigan University, and Washtenaw Community College.
Key Highlights
- Three‑building office property totaling 20,800 square feet
- 75% occupied with a diverse mix of long‑term tenants
- Prominent frontage along E. Stadium Blvd.
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
$233,682
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
4.58%
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%
$4,673,640
$4.7M
Cap Rate 7%
$3,338,314
$3.3M
Cap Rate 9%
$2,596,467
$2.6M
Market Conditions
NOI Build-Up for 20,800 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
$364.4K $17.52/SF
− Vacancy
−$52.8K −$2.54/SF
EGI
$311.6K $14.98/SF
− OpEx
−$77.9K −$3.74/SF
NOI
$233.7K $11.23/SF
Area
Ann Arbor, MI
Vacancy
14.50%
Lease Rate
$17.52 /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%
$4,673,640
Cap Rate 7%
$3,338,314
Cap Rate 9%
$2,596,467
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.89M
NOI $233,682 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.59M
$4.02M – $5.36M
NOI $321,565 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with multiple buildings, existing tenants, monument signage, and ample on-site parking.
Where is this office building located?
The property is located at 2330 E Stadium Blvd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Three‑building office property totaling 20,800 square feet; 75% occupied with a diverse mix of long‑term tenants; Prominent frontage along E. Stadium Blvd.
