Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brighton Office Space Available Title is generated by Realmo AI

    7960 Grand River Ave, Brighton, MI 48116

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for lease in Brighton, Michigan.

    Type:Office
    Added:
    Nov 16, 2024
    Days on Market:
    566
    Last Refresh:
    May 12 at 8:27 pm

    Property Features for 7960 Grand River Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2001

    Spaces For Lease

    at 7960 Grand River Ave Contact us

    We can help!

    Listing Contact
    Todd Hawley

    Listing agent Todd Hawley License #MI 6501265610

    Listing office Friedman Real Estate

    Listing date Nov 16, 2024

    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 Friedman Real Estate

    HighLights

    • Year Built: 2001

    Overview

    This commercial real estate property, located at 7960 Grand River Ave in Brighton, Michigan, offers office spaces for lease.
    Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Engular — 101 brookside ln, brighton, mi 48116
    • iCare Repair-Brighton — 101 Brookside Ln, Brighton, MI 48116
    • WiredYourWay — 100 Charles H Orndorf Dr unit 983, Brighton, MI 48116

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.78991
    Latitude
    42.545738

    Nearby Similar for Lease

    • $6,000/Mo
      2,647 SF

      Updated Office Space Near Main

      Updated office space near Main Street with private parking.
      315 W North Street, Brighton, MI 48116
      View Details
    • $5,400/Mo
      18,630 SF

      Brighton, MI Office Space

      Office space in a thriving business hub with modern amenities.
      7743 GRAND RIVER Road, Brighton, MI 48114
      View Details
    • $12 SF/Yr
      16,494 SF

      End-Cap Retail Flex Space

      Brighton Township B-2 end-cap with office/showroom/retail flexibility and a showroom/warehouse setup.
      1279 S Old US Hwy 23, Brighton, MI 48114
      View Details
    • $18 SF/Yr
      3,110 SF

      Medical Office Space Near Hospital

      Medical office space adjacent to Trinity Health Hospital.
      2300 Genoa Business Park Drive, Brighton, Michigan 48114
      View Details
    • $5,400/Mo

      Riverbend Office Center Leasing Opportunity

      Office space in a thriving business hub with modern amenities.
      7743 GRAND RIVER Rd 204, GenoaTownship_Livingston, MI 48114
      View Details
    • $550/Mo
      11,775 SF

      Brighton Office Space For Rent

      Office space available across from Trinity Health Hospital in Brighton.
      2500-2548 Harte Dr. | Brighton, MI 48114, MI 48114
      View Details
    • $12 SF/Yr
      11,819 SF

      Brighton Flex/Warehouse Space Available

      Flex/warehouse space in Eagle Business Center with freeway access.
      10421 Citation Dr, Brighton, MI
      View Details
    • $14 SF/Yr

      Office/Retail Corner Building

      Lighted corner location with strong pole and building signage for office or retail users.
      201 E. Grand River, Brighton, MI 48116
      View Details
    • Contact for pricing
      2,980 SF

      Medical Center Near Trinity Health

      Medical center with prime location near Trinity Health Hospital.
      2300 Genoa Business Park Drive, Brighton, MI, 48114
      View Details
    • $8 SF/Yr

      Specialty Industrial Buildings

      Specialty buildings for lease in Kensington Pines Industrial Park, positioned across from a Gordon Foods warehouse.
      7600-7800 Kensington Ct., Brighton, MI 48116
      View Details
    • Contact for pricing

      Retail Center with Strong Frontage

      Multi-tenant retail center in Brighton, minutes from I-96.
      2900 Old US Hwy 23, Brighton, MI 48114
      View Details
    • Contact for pricing

      Brighton Commercial Center Retail Space

      Retail spaces available in Brighton Commercial Center, Michigan.
      8589-8615 W. Grand River Avenue | Brighton, MI 48116
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease in Brighton, Michigan.
    Where is this office space located?
    The property is located at 7960 Grand River Ave Brighton, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Year Built: 2001
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Hawley
    Real Estate License ID: MI 6501265610
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7960 Grand River Ave, Brighton, MI 48116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!