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    Built-Out Professional Office Suite Title is generated by Realmo AI

    496 W Ann Arbor Trl 201, Plymouth, MI 48170

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    For Lease
    $3,500/Mo $22 SF/Yr (calc)

    Lease a fully built-out suite with private offices, workstations, and central air plus ample parking.

    Type:Commercial
    Property size:
    1,900 SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:40 am

    Property Features for 496 W Ann Arbor Trl 201

    General Information

    Standard status
    Active
    Size
    1,900 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1949

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    Listing Contact
    Timothy Scott
    Timothy Scott

    Listing agent Timothy Scott License #6501430989

    Listing office 3DX Real Estate LLC

    Listing date Jun 3, 2026

    Source Elliman

    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 3DX Real Estate LLC

    HighLights

    • 1900 SF professional office suite for lease in Heritage Place, Suite 201 (built 1949)
    • Fully built‑out layout with mostly open floor plan, 5 private offices, and 6 workstations
    • Flexible collaborative/community workspace with capacity for up to 12 team members
    • Central air conditioning and ample natural light with professional finishes
    • Includes 35 parking spaces; rent includes all utilities except internet services (tenant‑paid)
    • Building allowance available for new tenant adjustments for 5‑year or 8‑year lease terms

    Overview

    This fully built-out professional office suite, Suite 201, offers a mostly open layout supported by five private offices and six workstations, along with a flexible collaborative workspace. The space is designed to accommodate up to 12 team members and includes central air conditioning, excellent natural light, and professional finishes. The offering provides 35 parking spaces for client and staff convenience, making it well-suited for day-to-day operations and appointments.

    The suite is located in the two-story Heritage Place office building, originally built in 1950. The property is one block from downtown Plymouth, positioned for walkability and visibility to nearby restaurants, shops, and year-round community events. Convenient access to the surrounding area supports professional services that rely on local customer traffic.

    Available for lease with rent that includes all utilities except internet service, this space is flexible for a range of professional uses, including legal, dental, orthodontic, medical, day spa services, and other professional office needs. A building allowance will be provided to new tenants to adjust the space as needed for either a 5-year or 8-year lease term, offering flexibility as your practice or business evolves.
    Location Intelligence

    Current Use by Public Records

    Therapy for Anxiety Counselor Sollars and Associates - Plymouth ... Physician Vivian Andrea S ... Dental Office Sara Scott Counselor Marigrace Randazzo Ratliff ... Foster Care Service

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4658064
    Latitude
    42.3695459

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    FAQs

    What type of property is this?
    Office units - Lease a fully built-out suite with private offices, workstations, and central air plus ample parking.
    Where is this office units located?
    The property is located at 496 W Ann Arbor Trl 201 Plymouth, MI.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: 1900 SF professional office suite for lease in Heritage Place, Suite 201 (built 1949); Fully built‑out layout with mostly open floor plan, 5 private offices, and 6 workstations; Flexible collaborative/community workspace with capacity for up to 12 team members
    (888) 304-1447
    We can help!
    Listing Contact
    Timothy Scott
    Timothy Scott
    Real Estate License ID: 6501430989
    Learn More
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    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.

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    496 W Ann Arbor Trl 201, Plymouth, MI 48170
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