Office Building with Expansion
For Sale
$4,100,000
3000 Blake Road, Jackson, MI 49201
Commercial Sale, Jackson, MI
Property Size41,776 SF
Lot Size25.50 Acres
Price / SF$98.14
Days on Market100
Property Features for 3000 Blake Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
O-1
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2
Parking
302
Elementary school district
East Jackson
Middle school district
East Jackson
High school district
East Jackson
Standard status
Active
APN
000-08-25-226-001-00
Size
41,776 SF
Lot size
25.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NE COR OF SEC 25 TH S 1 degrees 20'08''W 488.2 FT TO A PT FOR POB TH CONT S 1 degrees 20'08''W 488.71 FT TH N 89 degrees 13' 37''W 131
Tax Annual Amount
93261
Legal Description
BEG AT NE COR OF SEC 25 TH S 1 degrees 20'08''W 488.2 FT TO A PT FOR POB TH CONT S 1 degrees 20'08''W 488.71 FT TH N 89 degrees 13' 37''W 131
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
dock with leveler
backup generator
Building Details
Year built
1980
Floors in Building
2
Number of units
1
Building materials
Block, Concrete
Roof type
Rubber
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Jun 3
Changed: Sep 7
Last Checked: Sep 10 at 3:06AM
MLS# 26026605
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.
Investment Insights
Based on property information with market context.
This office building comprises 41,776 square feet on a 25.5-acre site at 3000 Blake Road in Jackson, Michigan. The corporate-style facility includes six bathrooms, forced-air heating, central air, a rubber roof, block and concrete construction, and natural gas availability. Its layout can support office, school, medical, and laboratory functions, with the ability to transition toward multi-tenant occupancy.
Operational features include 280V 3-phase electrical service, an 8' x 8' dock with leveler, and a backup generator. The property is zoned O-1 Office District and offers access to the I-94 corridor, with highway connectivity toward Ann Arbor and Lansing. The sizable land component provides room for future expansion, redevelopment, or repositioning, subject to applicable approvals.
Operational features include 280V 3-phase electrical service, an 8' x 8' dock with leveler, and a backup generator. The property is zoned O-1 Office District and offers access to the I-94 corridor, with highway connectivity toward Ann Arbor and Lansing. The sizable land component provides room for future expansion, redevelopment, or repositioning, subject to applicable approvals.
Key Highlights
- 41,776 square feet on a 25.5‑acre site
- O‑1 Office District zoning
- 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
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Current Use
Lease Details
1
Dock-high doors
Yes
Heavy power
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
42
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Corporate-style facility with flexible occupancy potential, specialized electrical service, and substantial surrounding land.
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 on a 25.5‑acre site; O‑1 Office District zoning; 280V 3‑phase electrical service
