Three-Unit Office
For Sale
$589,000
360 E Grand Blanc Road, Grand Blanc, MI 48439
Three separate units support an owner-user arrangement with two tenant-occupied spaces.
Property Size3,920 SF
Price / SF$150.26
Days on Market15
Property Features for 360 E Grand Blanc Road
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Industrial
Occupancy
100%
Additional Details
Office Units
3
Amenities
73376
Building Details
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Epique Realty
(319) 329-6562
Listed By:
Coti Brown · License #6501414478
(319) 329-6562
Source:
Xome
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 29 at 11:53AM
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 Epique Realty
Investment Insights
Based on property information with market context.
Located at 360 E Grand Blanc Road in Grand Blanc, this 3,920-square-foot office property is divided into three units. The owner occupies approximately 51% of the building, while the other two units are tenant occupied, creating a multi-occupant configuration for an owner-user or commercial investor.
The property is positioned in Downtown Grand Blanc along a heavily traveled, recognizable stretch of Grand Blanc Road. The space is identified for office, professional, retail, and service uses, providing a range of established commercial applications. Tenant leases and additional lease information are available upon request.
The property is positioned in Downtown Grand Blanc along a heavily traveled, recognizable stretch of Grand Blanc Road. The space is identified for office, professional, retail, and service uses, providing a range of established commercial applications. Tenant leases and additional lease information are available upon request.
Key Highlights
- 3,920‑square‑foot office property at 360 E Grand Blanc Road
- Building is divided into three units
- Owner occupies approximately 51% of the building
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
$43,184
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
7.33%
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%
$863,680
$863.7K
Cap Rate 7%
$616,914
$616.9K
Cap Rate 9%
$479,822
$479.8K
Market Conditions
NOI Build-Up for 3,920 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
$66.8K $17.04/SF
− Vacancy
−$9.2K −$2.35/SF
EGI
$57.6K $14.69/SF
− OpEx
−$14.4K −$3.67/SF
NOI
$43.2K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /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%
$863,680
Cap Rate 7%
$616,914
Cap Rate 9%
$479,822
Alternative Uses
Best Use
Office B
$616.9K
$539.8K – $719.7K
NOI $43,184 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$824.9K
$721.8K – $962.4K
NOI $57,741 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Three separate units support an owner-user arrangement with two tenant-occupied spaces.
Where is this office units located?
The property is located at 360 E Grand Blanc Road Grand Blanc, MI.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,920‑square‑foot office property at 360 E Grand Blanc Road; Building is divided into three units; Owner occupies approximately 51% of the building
