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    Second-Floor Office Suites Title is generated by Realmo AI

    731 E Mt Morris #1 Street, Mount Morris, MI 48458

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    For Lease
    $275 SF/Yr $43,541/Mo (calc)

    COMMERCIAL - Mount Morris, MI

    Property size:
    1,900 SF
    Lot size:
    0.15 Acres
    Added:
    Dec 22, 2025
    Days on Market:
    165
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 731 E Mt Morris #1 Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    255706551010
    Size
    1,900 SF
    Lot size
    0.15 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1904

    We can help!

    Listing Contact
    Bradley LaBrie
    Bradley LaBrie

    Listing agent Bradley LaBrie

    Listing office Keller Williams First 10785 S Saginaw St Suite E, Grand Blanc, MI

    Listing date Dec 22, 2025

    MLS# 50196459

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious second‑floor office space in the City of Mount Morris
    • Each office includes all utilities, kitchen area, reception area, and a bathroom
    • Office sizes range from 9x11 to larger spaces
    • Some offices include private restrooms
    • Option to have offices furnished (availability and pricing vary by size and amenities)

    Overview

    This property offers spacious office suites located on the second floor in the City of Mount Morris. Each office includes all utilities, along with a kitchen area, reception area, and a bathroom. Suite sizes vary, ranging from smaller rooms around 9x11 to larger configurations, and some suites feature private restrooms. There is also an option to have offices furnished, depending on the space selected.

    The building is situated in Mount Morris, Genesee County, providing a straightforward, self-contained option for professional tenants looking for a second-floor layout. The property’s configuration is designed around individual office offerings with shared-style interior amenities within each suite, including reception and restroom access.

    These suites can fit a range of office users that want dedicated reception space and a built-in kitchen area without managing separate utility accounts. With variability in suite size and the availability of private restrooms in select offices, tenants may be able to match the space to their workflow and headcount. Leasing terms and pricing vary based on size and included amenities, and interested parties should call for details on the specific suite available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Mount Morris
    County
    Genesee
    State
    Michigan
    Longitude
    -83.693473
    Latitude
    43.119523

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    FAQs

    What type of property is this?
    Office units - Second-floor office suites include utilities, reception space, and in-suite kitchen and restroom options.
    Where is this office units located?
    The property is located at 731 E Mt Morris #1 Street Mount Morris, MI.
    What is the lease rate?
    The lease rate is $275 SF/Yr.
    What are key features of this property?
    This property features: Spacious second‑floor office space in the City of Mount Morris; Each office includes all utilities, kitchen area, reception area, and a bathroom; Office sizes range from 9x11 to larger spaces
    (810) 441-7958
    We can help!
    Listing Contact
    Bradley LaBrie
    Bradley LaBrie
    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.

    More about this property
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