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    The Largest CRE Database in the US with Over 1 Million Listings

    3916 Ranchero Dr Ann Arbor, MI 48108

    Sponsored
    For Lease
    $18 SF/Yr

    Class A Office, 5,500 SF Available

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional 5,500-square-foot Class A office space is situated within the prestigious Valley Ranch Business Park in Ann Arbor, Michigan. Located at 3916 Ranchero Drive (near Oak Valley), this single-story building offers a prime location less than a mile from I-94, minutes from Briarwood Mall, and ten minutes from downtown Ann Arbor. The suite is ideal for office or high-tech tenants and features a blend of private offices and open workspace, perfect for collaborative environments. Amenities include a fully equipped conference room, a break room, and separate men's and women's restrooms. The space boasts abundant natural light and is equipped with Category 5 cabling, ensuring seamless connectivity. The building is further enhanced by a generator and battery-powered UPS system, providing reliable power. Ample on-site parking is available. The property is zoned PUD (Planned Unit Development), APN L-12-08-310-025. Electricity is paid by the tenant. Total building size is 15,000 square feet, with 5,500 square feet currently vacant. This is a multi-tenant building.

    Property Features for 3916 Ranchero Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    A
    Total Rate
    22500

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    STE 1
    Size
    5,500 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Bart Wise
    Bart Wise

    Learn more

    Property Insight Report

    HighLights

    • Class A office/high‑tech space in Valley Ranch Business Park, Ann Arbor.
    • Excellent location near Oak Valley Drive, less than a mile from I‑94.
    • Minutes from Briarwood Mall and 10 minutes from downtown Ann Arbor.
    • 5,500 SF suite with private offices, open workspace, conference room, break room, and restrooms.
    • Features abundant natural light, Cat 5 cabling, generator, and UPS system.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    CFI Group Business To Business Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7558509
    Latitude
    42.2308086

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 5,500 SF Available
    Where is this office property / space located?
    The property is located at 3916 Ranchero Dr Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A office/high-tech space in Valley Ranch Business Park, Ann Arbor.; Excellent location near Oak Valley Drive, less than a mile from I-94.; Minutes from Briarwood Mall and 10 minutes from downtown Ann Arbor.
    (734) 662-3778
    Request Owner's contact information
    3916 Ranchero Dr Ann Arbor, MI 48108
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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
    3916 Ranchero Dr Ann Arbor, MI 48108
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    We can help!
    Listing Contact
    Bart Wise
    Bart Wise
    Real Estate License ID: 6502101921
    (734) 662-3778
    Learn more
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