Office Unit with Reception
For Sale
Contact for pricing
806 Hogsback Road Suite B, Mason, MI 48854
Built in 2009, the office is immediately available with a 36- to 60-month lease term.
Property Size1,000 SF
Price / SF$0.02
Days on Market65
Property Features for 806 Hogsback Road Suite B
General Information
Standard status
Active
Size
1,000 SF
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Realty Rivertown
(616) 288-3244
Listed By:
G.Larry Branscombe
(616) 299-6846
Source:
Alexmi
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 19 at 6:58AM
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 Realty Rivertown
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Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit at 806 Hogsback Road includes a reception area and individual offices. The space was formerly occupied by Allstate and is configured for professional office use.
The property is identified as an office unit and was built in 2009. It is immediately available, with a stated lease term ranging from 36 to 60 months.
The property is identified as an office unit and was built in 2009. It is immediately available, with a stated lease term ranging from 36 to 60 months.
Key Highlights
- 1,000‑square‑foot office unit
- Reception area plus individual offices
- Formerly occupied by Allstate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,435
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,700
$168.7K
Cap Rate 7%
$120,500
$120.5K
Cap Rate 9%
$93,722
$93.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.4K $14.40/SF
− Vacancy
−$3.2K −$3.15/SF
EGI
$11.2K $11.25/SF
− OpEx
−$2.8K −$2.81/SF
NOI
$8.4K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,700
Cap Rate 7%
$120,500
Cap Rate 9%
$93,722
Alternative Uses
Best Use
Office B
$120.5K
$105.4K – $140.6K
NOI $8,435 @ 7.0% cap · market cap 44,394.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$160.7K
$140.6K – $187.4K
NOI $11,246 @ 7.0% cap · market cap 59,189.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 48854, MI
19,804
Population
7,853
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
95%
High-School Grad
113.3 sq mi
ZIP Area
175
Density / Sq Mi
$91,956
Median Household Income
$46,992
Median Earnings
$1,136
Median Rent
$240,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Built in 2009, the office is immediately available with a 36- to 60-month lease term.
Where is this office unit located?
The property is located at 806 Hogsback Road Suite B Mason, MI.
What are key features of this property?
This property features: 1,000‑square‑foot office unit; Reception area plus individual offices; Formerly occupied by Allstate
