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

    825 Victors Way Ann Arbor, MI 48108

    Sponsored
    For Lease
    $26 SF/Yr

    Prime Ann Arbor Office Suites, Multiple Sizes

    Lot size:
    5,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    418
    This exceptional three-story office building, located at 825 Victors Way in Ann Arbor, Michigan, presents a fantastic opportunity for businesses seeking flexible and high-quality workspace. Situated in the desirable Southside corridor, this property offers a total of 1,067 to 4,193 square feet of available space, divided into multiple suites. The building is zoned C3, allowing for a variety of commercial uses. The address is 825 Victors Way, Ann Arbor, MI 48108, in Washtenaw County. This traditional office space is also suitable for executive office needs, providing a professional and efficient environment. The building's precise total square footage is not currently available. The property is ideal for businesses of various sizes, offering the flexibility to choose a space that perfectly fits their operational needs. Its location in Ann Arbor's thriving Southside corridor provides easy access to major transportation routes, amenities, and a vibrant business community. This is a rare opportunity to secure premium office space in a highly sought-after location. Inquire today to learn more about available suite sizes and lease terms. The property is categorized as both Traditional Office and Executive Office space.

    Property Features for 825 Victors Way

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,260 SF

    Unit(s) available at that property

    Space
    Suite 305
    Size
    1,067 SF
    Rate per SF
    $26
    Space
    Suite 370
    Size
    4,193 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Karen O'Neil

    Learn more

    Property Insight Report

    HighLights

    • Prime Ann Arbor Central Office District location.
    • Easy I‑94 access via S. State St.
    • Six‑minute drive to downtown Ann Arbor.
    • Abundant nearby hotels.
    • Walking distance to numerous restaurants.
    • Ample parking (5 spaces/1,000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    American Title Company ... Title Company garagedoorofannarbor Hvac Contractor OTAVA Web Hosting Company Association For Asian Studies Non-Profit Organization Arbor Trust Wealth ... Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7352543
    Latitude
    42.2395677

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ann Arbor Office Suites, Multiple Sizes
    Where is this office property / space located?
    The property is located at 825 Victors Way Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Prime Ann Arbor Central Office District location.; Easy I-94 access via S. State St.; Six-minute drive to downtown Ann Arbor.
    Request Owner's contact information
    825 Victors Way 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
    825 Victors Way Ann Arbor, MI 48108
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    We can help!
    Listing Contact
    Karen O'Neil
    Learn more
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