Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ann Arbor Office Building For Rent Title is generated by Realmo AI

    4343 Concourse Dr, Ann Arbor, MI 48108

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Three-story office building with abundant windows and individual HVAC systems.

    Type:Office
    Property size:
    37,000 SF
    Added:
    Sep 10, 2020
    Days on Market:
    2081
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 4343 Concourse Dr

    General Information

    Standard status
    Active
    Size
    37,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 4343 Concourse Dr Contact us

    Suite330 $19/Mo

    Size
    1,175 SF
    Type
    Office
    Contact us

    Suite 160 $19/Mo

    Size
    808 SF
    Type
    Office
    Contact us

    Suite 210 $19/Mo

    Size
    1,498 SF
    Type
    Office
    Contact us

    Suite 320 $19/Mo

    Size
    970 SF
    Type
    Office
    Contact us

    Suite 140 $19/Mo

    Size
    1,086 SF
    Type
    Office
    Contact us

    Suite 370 $19/Mo

    Size
    1,562 SF
    Type
    Office
    $19/sf annually - plus utilities
    Contact us
    Show more

    We can help!

    Listing Contact
    Bart Wise

    Listing agent Bart Wise License #MI 6502101921

    Listing office Swisher Commercial

    Listing date Sep 10, 2020

    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 Swisher Commercial

    HighLights

    • 37,000 SF three story office building
    • Located in SE Ann Arbor (Pittsfield Twp) near I‑94
    • Proximity to Costco, active commercial development, and Briarwood Mall
    • Built in 2004
    • Abundant windows
    • Individual HVAC systems

    Overview

    This 37,000 square foot, three-story office building features abundant windows and individual HVAC systems. It is located in the southeast Ann Arbor area, specifically in Pittsfield Township. The property is in close proximity to I-94, Costco, active commercial development, and Briarwood Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ultraseal International Chemical Plant Montronix, Inc. Industrial Manufacturer CTC Engineering Engineering Consultant Vanessa Marry, LMSW Foster Care Service Life Support Services ... High School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7320516
    Latitude
    42.2244986

    Nearby Similar for Lease

    • $18 SF/Yr
      8,610 SF

      Updated Brick Building Near Arb

      Updated brick building with parking near the Arb in Ann Arbor.
      1923 Geddes Avenue, Ann Arbor, MI 48104
      View Details
    • $12,500/Mo
      5,360 SF

      Downtown Ann Arbor Business Opportunity

      Two-level restaurant and cigar lounge in downtown Ann Arbor.
      207 N Main Street, Ann Arbor, MI 48104
      View Details
    • $4,000/Mo
      2,000 SF

      Remodeled Office Building on Main

      Spacious, remodeled office building with parking in accessible Ann Arbor.
      2405 S Main Street, Ann Arbor, MI 48103
      View Details
    • $62 SF/Yr
      2,026 SF

      Ann Arbor Commercial Space For Rent

      Prime commercial space in high-traffic Ann Arbor location.
      125 Briarwood Circle, Ann Arbor, MI 48108
      View Details
    • $26 SF/Yr
      1,200 SF

      Retail Space in Stone Plaza

      1,200 SF retail space available in Ann Arbor, MI.
      4001 Stone School Road, Ann Arbor, MI 48108
      View Details
    • $28 SF/Yr
      1,686 SF

      Restored Historic Office Suite

      Contemporary office suite in a restored, historic building.
      213 W Liberty Street, Ann Arbor, MI 48104
      View Details
    • $17 SF/Yr
      3,320-3,320 SF

      Ann Arbor Automotive/Flex Space

      3,320 SF automotive/flex building for lease in Ann Arbor.
      907 N Main St, Ann Arbor, MI 48104
      View Details
    • $24 SF/Yr
      15,000 SF

      Retail Space in Ann Arbor

      Vacant end-cap unit in a popular strip center.
      4335 Jackson Road, Ann Arbor, MI 48103
      View Details
    • $25 SF/Yr
      2,202 SF

      Ann Arbor First-Floor Office Space

      2,202 SF office space near downtown Ann Arbor and I-94.
      900 Victors Way, Ann Arbor, MI 48108
      View Details
    • $16 SF/Yr
      20,496 SF

      Ann Arbor Commercial Space Available

      Office and warehouse space for lease in Ann Arbor.
      1935 S Industrial Highway, Ann Arbor, MI 48104
      View Details
    • $21 SF/Yr
      568 SF

      Ann Arbor Yoga/Dance Studio

      Yoga and dance studio available for lease in Ann Arbor.
      2385 S Huron Parkway, Ann Arbor, MI 48104
      View Details
    • Sponsored
      $129-$4,176/Mo
      11-1,292 SF

      MI, Ann Arbor - Frank Lloyd Wright Dr

      24 Frank Lloyd Wright Dr, Unit L-4000, Ann Arbor, MI 48105
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with abundant windows and individual HVAC systems.
    Where is this office building located?
    The property is located at 4343 Concourse Dr Ann Arbor, MI.
    What are key features of this property?
    This property features: 37,000 SF three story office building; Located in SE Ann Arbor (Pittsfield Twp) near I‑94; Proximity to Costco, active commercial development, and Briarwood Mall
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bart Wise
    Real Estate License ID: MI 6502101921
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4343 Concourse Dr, Ann Arbor, MI 48108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!