Ann Arbor Flex/Industrial
For Sale
Contact for pricing
625 Avis Dr, Ann Arbor, MI 48108
48,673 SF flex/industrial property available for sale.
Property Size48,673 SF
Price / SF$133.54
Days on Market1929
Property Features for 625 Avis Dr
General Information
Standard status
Active
Size
48,673 SF
Property subtype
Office, Industrial
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Jonathan Loos · License #MI 6501407736
(248) 226-1692
Source:
Crexi
Added: Jul 8, 2021
Changed: Oct 13
Last Checked: Oct 16 at 8:22AM
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 Colliers - Royal Oak/Detroit, Michigan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 48,673 square foot property in Ann Arbor, Michigan, is available for sale. The property is suitable for flex space, industrial, office units, office properties and spaces, warehouses, and other commercial real estate uses.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$463,932
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,278,640
$9.3M
Cap Rate 7%
$6,627,600
$6.6M
Cap Rate 9%
$5,154,800
$5.2M
Market Conditions
NOI Build-Up for 48,673 SF
Gross rent
$759.3K $15.60/SF
− Vacancy
−$45.6K −$0.94/SF
EGI
$713.7K $14.66/SF
− OpEx
−$249.8K −$5.13/SF
NOI
$463.9K $9.53/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,278,640
Cap Rate 7%
$6,627,600
Cap Rate 9%
$5,154,800
Alternative Uses
Best Use
Flex RnD
$6.63M
$5.80M – $7.73M
NOI $463,932 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$3.55M
$3.11M – $4.14M
NOI $248,583 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$10.75M
$9.41M – $12.54M
NOI $752,477 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 48,673 SF flex/industrial property available for sale.
Where is this flex space located?
The property is located at 625 Avis Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
