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    1484 Straits Dr Bay City, MI 48706

    Sponsored
    For Sale
    $1,710,000

    High-Cap Rate Office Building, Bay City, MI

    Property size:
    18,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a multi-tenant office building situated in Bay County's Valley Center Technology Park, conveniently located at the intersection of US-10 and Mackinaw Road. The property, known as Valley Center Tech Park Commerce Center, encompasses 18,750 square feet and boasts an impressive 11.00% capitalization rate. Currently, only one of the seven suites is vacant, indicating strong occupancy and rental income. The building primarily features office space, complemented by some tech/warehouse areas, a practical design incorporating six overhead doors at the rear. This strategic location within the Great Lakes Bay Region provides easy access to Saginaw, Bay City, and Midland, ensuring high visibility and convenient commutes for tenants. The asking price is $1,710,000, translating to a price per square foot of $91.20. This well-maintained property offers a compelling investment prospect for discerning buyers seeking a strong return in a desirable location. The building's blend of office and tech/warehouse space caters to a diverse range of potential tenants, enhancing its long-term value and rental potential. The high occupancy rate further underscores the property's desirability and stability within the market. This is a rare opportunity to acquire a well-positioned, high-performing commercial property in a thriving Michigan market. The address is 1484 Straits Dr, Bay City, MI 48706.

    Property Features for 1484 Straits Dr

    General Information

    Property type
    Medical offices
    Square Feet
    18,750 SF

    HighLights

    • $1,710,000 asking price.
    • 18,750 square feet.
    • $91.20 price per square foot.
    • 11.00% cap rate.
    • Multi‑tenant office building in Bay City, MI's Valley Center Technology Park.
    • Seven‑unit complex with primarily office space, some tech/warehouse space, and six overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bridget Ross General Practitioner NAEEM AHMED Internist Purvaj Patel Internist April St John-Keenoy Family Practice Physician Ivette Zarrillo General Practitioner

    Suggested Use

    Building Supply Dental Office Wholesale Shop Auto Parts Store Kitchen & Bath Storage Facility Convenience Store Daycare Center Veterinary Clinic Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.993357238822
    Latitude
    43.592558217719

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    FAQs

    What type of property is this?
    Medical office - High-Cap Rate Office Building, Bay City, MI
    Where is this medical office located?
    The property is located at 1484 Straits Dr Bay City, MI.
    What is the asking price?
    The asking price for this property is $1,710,000.
    What are key features of this property?
    This property features: $1,710,000 asking price.; 18,750 square feet.; $91.20 price per square foot.
    Request Owner's contact information
    1484 Straits Dr Bay City, MI 48706
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    Realmo Value Estimation

    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.

    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.

    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
    1484 Straits Dr Bay City, MI 48706
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