Modern Single-Tenant Office
3980 Ranchero Dr Ann Arbor, MI 48108
For Sale
$2,400,000
Modern single-tenant office building with private entrances and ample adjacent parking.
Property Size14,925 SF
Price / SF$160.80
Days on Market294
Property Features for 3980 Ranchero Dr
General Information
Standard status
Active
Size
14,925 SF
Property subtype
Office
Building Details
Year Built
1999
Listing Agency:
Oxford Companies
(734) 323-4263
Listed By:
Karen O'Neil
(734) 323-4263
Source:
Cpix.resimplifi
Added: Oct 7, 2025
Changed: Jul 22
Last Checked: Jul 26 at 2:58AM
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.
This modern single-tenant office building includes the entire building available and features private entrances. The property is set up as a standalone office use with nicely landscaped grounds, mature trees, and outdoor space between lots.
Convenient access to I-94 is available via the S. State St. and Ann Arbor-Saline Rd. exits, and downtown Ann Arbor and the University of Michigan are described as about an 8-minute drive. The building is located on a quiet road with little traffic and is adjacent to the Valley Ranch residential complex.
On-site parking is ample and located adjacent to the building, supporting day-to-day access for staff and visitors. The surrounding grounds include grassy fields with a scenic pond and stream between lots.
Convenient access to I-94 is available via the S. State St. and Ann Arbor-Saline Rd. exits, and downtown Ann Arbor and the University of Michigan are described as about an 8-minute drive. The building is located on a quiet road with little traffic and is adjacent to the Valley Ranch residential complex.
On-site parking is ample and located adjacent to the building, supporting day-to-day access for staff and visitors. The surrounding grounds include grassy fields with a scenic pond and stream between lots.
Key Highlights
- Single‑tenant office building built in 1999
- Immediate access to I‑94 via S. State St. and Ann Arbor‑Saline Rd. exits
- Entire building available with modern office park features and private entrances
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 | $261.5k | $17.52 |
| − Vacancy | −$37.9k | −$2.54 |
| EGI | $223.6k | $14.98 |
| − OpEx | −$55.9k | −$3.74 |
| NOI | $167.7k | $11.23 |
14,925 SF · lease $17.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.79M
NOI $167,678 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.88M – $3.85M
NOI $230,738 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Modern single-tenant office building with private entrances and ample adjacent parking.
Where is this office building located?
The property is located at 3980 Ranchero Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Single‑tenant office building built in 1999; Immediate access to I‑94 via S. State St. and Ann Arbor‑Saline Rd. exits; Entire building available with modern office park features and private entrances
