3948 Ranchero Dr, Ann Arbor, MI 48108
Modern office space in a convenient Ann Arbor location.
- Added:
- Feb 1, 2024
- Days on Market:
- 865
- Last Refresh:
- May 13 at 8:13 pm
Property Features for 3948 Ranchero Dr
General Information
- Standard status
- Active
- Size
- 14,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agent Karen O'Neil License #MI
Listing office Oxford Companies
Listing date Feb 1, 2024
Source Crexi
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
HighLights
- Entire building available for lease, offering privacy and exclusive use of amenities.
- Convenient location minutes from downtown Ann Arbor.
- Immediate access to I‑94.
- Ample parking available.
- Modern office space.
- Serene rural setting.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.5k | $17.52 |
| − Vacancy | −$37.3k | −$2.54 |
| EGI | $220.2k | $14.98 |
| − OpEx | −$55.1k | −$3.74 |
| NOI | $165.2k | $11.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.755471
- Latitude
- 42.2299185
