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    Renovated Office/Retail Building For Sale Title is generated by Realmo AI

    650 Broadway, Davisburg, MI 48350

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    Historic building with modern updates, ideal for office or retail.

    Type:Office, Retail
    Property size:
    5,388 SF
    Price / SF:
    $111/SF
    Added:
    Mar 23, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 25 at 8:38 am

    Property Features for 650 Broadway

    General Information

    Standard status
    Active
    Size
    5,388 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1902

    We can help!

    Listing Contact
    Randy Thomas
    Randy Thomas

    Listing agent Randy Thomas License #MI 6502106098

    Listing office Insite Commercial

    Listing date Mar 23, 2026

    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 Insite Commercial

    HighLights

    • Fully renovated in 2004, blending historic character with modern updates.
    • Two independent levels suitable for owner‑occupancy and rental income.
    • Located at the high‑visibility corner of Broadway (Davisburg Rd.) and Eaton Rd. (Andersonville Rd.).
    • Abundant paved parking available.
    • Versatile space ideal for office users or boutique retailers.
    • Overlooks the Shiawassee Basin, offering beautiful natural views.

    Overview

    Located at the northeast corner of Broadway and Eaton Rd in Davisburg, MI, this office/retail building blends historic character with modern updates. The property, which once served as Davisburg’s town hall and fire hall, underwent a full renovation in 2004. Overlooking the Shiawassee Basin, the building offers natural views. The property is comprised of two levels, each functioning as independent occupiable spaces. The building provides an abundance of paved parking. The main level features a reception area, six private offices, a conference room, a kitchen, and two restrooms. The lower level includes a reception area, five private offices, three open workstations, and two restrooms. With a total size of 5388 square feet, this property is ideal for professional office users, boutique retailers, or an owner-occupant seeking to utilize the main level while generating income by leasing the lower level.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Patrick ... Law Firm Dennis W Strelchuk ... Law Firm

    Suggested Use

    Law Firm Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Garden Center Grocery & Convenience Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Davisburg
    County
    Oakland
    State
    Michigan
    Longitude
    -83.540796
    Latitude
    42.752749

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    FAQs

    What type of property is this?
    Office building - Historic building with modern updates, ideal for office or retail.
    Where is this office building located?
    The property is located at 650 Broadway Davisburg, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Fully renovated in 2004, blending historic character with modern updates.; Two independent levels suitable for owner‑occupancy and rental income.; Located at the **high‑visibility corner of Broadway (Davisburg Rd.) and Eaton Rd. (Andersonville Rd.)**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Thomas
    Randy Thomas
    Real Estate License ID: MI 6502106098
    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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