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    Updated Commercial Building on Kibby Road Title is generated by Realmo AI

    2600 Kibby Road, Jackson, MI 49203

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    For Sale
    $279,900

    COMMERCIAL - Jackson, MI

    Type:Office
    Property size:
    2,110 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $132/SF
    Added:
    Nov 19, 2025
    Days on Market:
    185
    Last Refresh:
    May 23 at 6:06 am

    Property Features for 2600 Kibby Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1
    Standard status
    Active
    APN
    000-13-09-376-033-03
    Size
    2,110 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COM AT THE SW COR OF LOT 1 CASCADE VISTA TH N00 degrees 39'46''W ALG THE E LN OF DAWN ST 308.65 FT TO A POINT 31 FT S OF THE NW
    Tax Annual Amount
    4889

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Pond

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    1
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Stephanie Bosanac-Mortimer

    Listing agent Stephanie Bosanac-Mortimer License #6501336455

    Listing office RE/MAX Mid-Michigan R.E. 2300 W Michigan Ave, JACKSON, MI

    Listing date Nov 19, 2025

    MLS# 25059084

    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

    • Prime commercial location in Summit Township with C‑1 zoning and high traffic exposure.
    • Move‑in ready, recently updated building suitable for various business uses (offices, retail, etc.).
    • Handicap accessible with ramp entry and expanded concrete parking lot.
    • Features a new deck overlooking a pond, ideal for breaks and outdoor meetings.
    • Flexible floor plan with open workspace potential, private offices, kitchenette, and easily accessible plumbing.
    • Close proximity to numerous businesses, amenities, and attractions (Cascades Manor House, Kibby Cobb Market, restaurants, banks, etc.).

    Overview

    Located in Summit Township, this commercial building offers maximum exposure on a highly traveled road in Jackson County. Zoned C-1, the versatile building is suitable for professional offices, retail, and various other business uses. The property is situated between Cascades Manor House/Falls and Kibby Cobb Market. The building has been recently updated and is move-in ready. It is handicap accessible, featuring a ramp entry and an expanded concrete parking lot. A new deck overlooks a pond. The first floor features new flooring and a floor plan that can accommodate open workspaces or be modified into private offices with conference rooms. It also includes a kitchenette and break room, with plumbing for a half bath. The second floor offers four private offices and an additional half bath. Businesses located within one mile of the property include Cascades Manor House, Cascades Falls, Cascades Golf Course, Kibby Cobb Market, Prestige Hair Salon, Kibby Pilates, Dollar General, J. Alexander Florist, Southern Michigan Bank & Trust, Falling Waters Trail, County National Bank, Scruples Hair Design, Snap Fitness, Daily Grind and Food Hub, Knights Steakhouse, Marino's Pizza, and Biggby Coffee. The property has a lot size of 0.32 acres and a building size of 2110 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $196.5K
    NOI $17,683 @ 9.00% cap · cautious / downside scenario
    Moderate
    $252.6K
    NOI $17,683 @ 7.00% cap · market / base-case scenario
    Aggressive
    $353.7K
    NOI $17,683 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $30.4k $14.40
    − Vacancy −$6.8k −$3.23
    EGI $23.6k $11.17
    − OpEx −$5.9k −$2.79
    NOI $17.7k $8.38
    2,110 SF · lease $14.40/SF/yr · vacancy 22.40% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $252.6K
    $221.0K – $294.7K (±1% cap)
    NOI $17,683 @ 7.0% cap · market cap 6.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $336.8K
    $294.7K – $393.0K (±1% cap)
    NOI $23,578 @ 7.0% cap · market cap 8.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Earle Insurance Agency, ... Insurance Agency Not So Shabby, ... Home Decor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.437652
    Latitude
    42.21923

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    FAQs

    What type of property is this?
    Office building - Versatile, updated commercial building in Summit Township, move-in ready.
    Where is this office building located?
    The property is located at 2600 Kibby Road Jackson, MI.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: Prime commercial location in Summit Township with C‑1 zoning and high traffic exposure.; Move‑in ready, recently updated building suitable for various business uses (offices, retail, etc.).; Handicap accessible with ramp entry and expanded concrete parking lot.
    (517) 812-3173
    We can help!
    Listing Contact
    Stephanie Bosanac-Mortimer
    Real Estate License ID: 6501336455
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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.

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