Office Building with Monument
For Sale
$189,000
612 N Euclid Ave, Bay City, MI 48706
Multi-office layout includes a break room, two restrooms, and on-site parking.
Property Size1,636 SF
Price / SF$115.53
Days on Market112
Property Features for 612 N Euclid Ave
General Information
Standard status
Active
Size
1,636 SF
Class
B
Property subtype
Office
Zoning
C-2-B
Additional Details
Road Access
Yes
Amenities
monument sign
Building Details
Building Size
1,636 SF
Year Built
1954
Buildings
1
Listing Agency:
COMMERCIAL EQUITIES
(989) 684-4800
Listed By:
Sandra J. Covaleski · License #6502139796
(989) 684-4800
Source:
Cpix.resimplifi
Added: May 11
Changed: Aug 29
Last Checked: Aug 30 at 1:00PM
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 COMMERCIAL EQUITIES
Investment Insights
Based on property information with market context.
This office building, constructed in 1954, offers six or more offices along with a break room and two restrooms. The property also includes a 1,144-square-foot basement, on-site parking positioned at the front, north side, and rear, and a ramp serving the front entrance. A monument sign at the road provides dedicated building identification along the Euclid corridor.
Located at 612 N Euclid Ave in Bay City, the property has 50 feet of frontage and C-2-B zoning. The combination of multiple offices, support areas, basement space, accessible entry, and parking creates a functional configuration for office use.
Located at 612 N Euclid Ave in Bay City, the property has 50 feet of frontage and C-2-B zoning. The combination of multiple offices, support areas, basement space, accessible entry, and parking creates a functional configuration for office use.
Key Highlights
- Six or more offices with a break room and two restrooms
- 1,144‑square‑foot basement
- 50 feet of frontage on N Euclid Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,300
$334.3K
Cap Rate 7%
$238,786
$238.8K
Cap Rate 9%
$185,722
$185.7K
Market Conditions
NOI Build-Up for 1,636 SF
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.
Gross rent
$29.4K $18.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$27.9K $17.03/SF
− OpEx
−$11.1K −$6.81/SF
NOI
$16.7K $10.22/SF
Area
Bay County, MI
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,300
Cap Rate 7%
$238,786
Cap Rate 9%
$185,722
Alternative Uses
Best Use
Healthcare Medical
$238.8K
$208.9K – $278.6K
NOI $16,715 @ 7.0% cap · market cap 8.84%
Second Best
Office B
$222.1K
$194.4K – $259.2K
NOI $15,549 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$296.2K
$259.1K – $345.5K
NOI $20,731 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 48706, MI
39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-office layout includes a break room, two restrooms, and on-site parking.
Where is this office building located?
The property is located at 612 N Euclid Ave Bay City, MI.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Six or more offices with a break room and two restrooms; 1,144‑square‑foot basement; 50 feet of frontage on N Euclid Ave
