C-2 Office
For Sale
Contact for pricing
301 Williamston Center Rd. Unit #500, Williamston, MI 48895
Professional office condominium with high ceilings, shared restrooms, and convenient on-site parking.
Property Size2,166 SF
Price / SF$115.42
Days on Market40
Property Features for 301 Williamston Center Rd. Unit #500
General Information
Standard status
Active
Size
2,166 SF
Class
A
Total Parking Spaces
80
Property subtype
Office
Zoning
C-2
Lease Type
Modified Gross
Additional Details
HOA Fee
$585.77
Highway Access
Yes
Amenities
shared restrooms
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Signature Associates
(248) 359-0650
Listed By:
Jeff Higgins · License #MI
Source:
Crexi
Added: Jul 22
Changed: Aug 30
Last Checked: Aug 30 at 5:11AM
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 Signature Associates
Investment Insights
Based on property information with market context.
This office condominium contains 2,166 square feet within a professionally managed building constructed in 2003. The suite features high ceilings, an open interior arrangement, a bright common entry, and shared restrooms. C-2 zoning supports its commercial office classification.
The property is located at 301 Williamston Center Rd., Unit #500, in Williamston, Michigan, just off I-96. Its position provides access toward both Lansing and Metro Detroit, while on-site parking supports daily occupants and visitors.
The property is located at 301 Williamston Center Rd., Unit #500, in Williamston, Michigan, just off I-96. Its position provides access toward both Lansing and Metro Detroit, while on-site parking supports daily occupants and visitors.
Key Highlights
- 2,166‑square‑foot office condominium
- C‑2 zoning for commercial office use
- Building constructed in 2003
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
$18,270
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
7.31%
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%
$365,400
$365.4K
Cap Rate 7%
$261,000
$261.0K
Cap Rate 9%
$203,000
$203.0K
Market Conditions
NOI Build-Up for 2,166 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
$31.2K $14.40/SF
− Vacancy
−$6.8K −$3.15/SF
EGI
$24.4K $11.25/SF
− OpEx
−$6.1K −$2.81/SF
NOI
$18.3K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
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%
$365,400
Cap Rate 7%
$261,000
Cap Rate 9%
$203,000
Alternative Uses
Best Use
Office B
$261.0K
$228.4K – $304.5K
NOI $18,270 @ 7.0% cap · market cap 7.31%
Second Best
Healthcare Medical
$261.0K
$228.4K – $304.5K
NOI $18,270 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,360 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 48895, MI
11,472
Population
5,019
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
97%
High-School Grad
82.9 sq mi
ZIP Area
138
Density / Sq Mi
$100,565
Median Household Income
$57,330
Median Earnings
$1,005
Median Rent
$272,500
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 units - Professional office condominium with high ceilings, shared restrooms, and convenient on-site parking.
Where is this office units located?
The property is located at 301 Williamston Center Rd. Unit #500 Williamston, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,166‑square‑foot office condominium; C‑2 zoning for commercial office use; Building constructed in 2003
