Modern Office Space Near Ann
For Sale
Contact for pricing
3767 Ranchero Dr, Ann Arbor, MI 48108
Exceptional office building with convenient access to Ann Arbor.
Property Size29,497 SF
Price / SF$167.81
Days on Market1057
Property Features for 3767 Ranchero Dr
General Information
Standard status
Active
Size
29,497 SF
Class
A
Property subtype
Office
Zoning
PUD
Occupancy
32%
Lease Type
NNN
Building Details
Year Built
2001
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Oxford Companies
Listed By:
Karen O'Neil · License #MI
(734) 323-4263
Source:
Crexi
Added: Nov 14, 2023
Changed: Oct 5
Last Checked: Oct 5 at 6:51PM
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 Oxford Companies
Investment Insights
Based on property information with market context.
The property at 3767 Ranchero Drive is a modern office building situated in a rural setting. The location provides convenient access to downtown Ann Arbor and the University of Michigan, as well as immediate access to I-94. The entire building is available. Features include private entrances and ample parking.
Key Highlights
- Entire building available for lease, offering privacy and control.
- Excellent location minutes from downtown Ann Arbor and the University of Michigan.
- Immediate access to I‑94 for convenient commuting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,390
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,627,800
$6.6M
Cap Rate 7%
$4,734,143
$4.7M
Cap Rate 9%
$3,682,111
$3.7M
Market Conditions
NOI Build-Up for 29,497 SF
Gross rent
$516.8K $17.52/SF
− Vacancy
−$74.9K −$2.54/SF
EGI
$441.9K $14.98/SF
− OpEx
−$110.5K −$3.74/SF
NOI
$331.4K $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 Rate 5%
$6,627,800
Cap Rate 7%
$4,734,143
Cap Rate 9%
$3,682,111
Alternative Uses
Best Use
Office B
$4.73M
$4.14M – $5.52M
NOI $331,390 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.51M
$5.70M – $7.60M
NOI $456,019 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
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
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Frequently Asked Questions
What type of property is this?
Office building - Exceptional office building with convenient access to Ann Arbor.
Where is this office building located?
The property is located at 3767 Ranchero Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Entire building available for lease, offering privacy and control.; Excellent location minutes from downtown Ann Arbor and the University of Michigan.; Immediate access to I‑94 for convenient commuting.
