Fully Leased Office
800 Cambridge Street Midland, MI 48642
800 Cambridge Street, Midland, MI, 48642
$1,975,000
For Sale
$1,975,000
Fully leased office building with a secured 3-year tenant and extensive upgrades since 2019.
Property Size9,948 SF
Price / SF$198.53
Days on Market140
Property Features for 800 Cambridge Street
General Information
- Standard status
- Active
- Size
- 9,948 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing agency
Keller Williams Preferred
(231) 598-0224
Listed by
Brooke Bickerstaff · License #SBR-6501387975
(231) 598-0224
Source
Sabudarealty
Added: Mar 5 Updated: Jul 22 at 1:56PM Checked: Jul 22 at 1:56PM
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 Keller Williams Preferred
Investment Insights
Based on property information with market context.
Fully leased office building offering approximately 9,948 square feet and a secured 3-year tenant in place. The property includes over $750,000 in improvements completed since 2019, including full LED lighting upgrades, fiber internet infrastructure, high-grade epoxy flooring, rubber composite stair flooring, and a modernized reception area with electronic displays. Common areas have updated shared kitchen and café-style finishes, and a renovated 1,500-square-foot premium suite supports flexible occupancy options. Exterior and building systems were also improved with a resurfaced parking lot, upgraded gutter and waterproofing systems, stylish exterior lighting, and an elevator brought fully to code with a hands-free emergency phone.
Located at 800 Cambridge Street in Midland, Michigan, the building is offered for sale as real estate only, with no business attached.
The layout is described as flexible and suitable for office, medical, or creative professional use, providing multiple ways to support tenant operations while maintaining current income from day one.
Located at 800 Cambridge Street in Midland, Michigan, the building is offered for sale as real estate only, with no business attached.
The layout is described as flexible and suitable for office, medical, or creative professional use, providing multiple ways to support tenant operations while maintaining current income from day one.
Key Highlights
- Fully leased office building offering just under 10,000 SF with a secured 3‑year tenant in place
- Year built 1990
- Reported around an 8% cap rate
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.1k | $18.00 |
| − Vacancy | −$12.9k | −$1.30 |
| EGI | $166.2k | $16.70 |
| − OpEx | −$66.5k | −$6.68 |
| NOI | $99.7k | $10.02 |
9,948 SF · lease $18.00/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.25M – $1.66M
NOI $99,703 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$1.34M
$1.17M – $1.56M
NOI $93,471 @ 7.0% cap · market cap 4.73%
Theoretical Best
Flex RnD
$1.80M
$1.57M – $2.09M
NOI $125,687 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Health Enhancement Systems
Wellness Program
Shinners & Cook PC
Law Firm
R1SE: Education and Recreation
Training Center
MI Journey Therapy ...
Crisis Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully leased office building with a secured 3-year tenant and extensive upgrades since 2019.
Where is this office building located?
The property is located at 800 Cambridge Street Midland, MI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Fully leased office building offering just under 10,000 SF with a secured 3‑year tenant in place; Year built 1990; Reported around an 8% cap rate
