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    Updated Office Spaces For Rent Title is generated by Realmo AI

    416 W Huron St, Ann Arbor, MI 48103

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    Newly updated office suites with flexible options near downtown.

    Type:Office, Industrial
    Added:
    Mar 20, 2025
    Days on Market:
    444
    Last Refresh:
    May 12 at 9:07 pm

    Property Features for 416 W Huron St

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1950

    Spaces For Lease

    at 416 W Huron St Contact us

    Suite 10 $25/Mo

    Size
    591 SF
    Type
    Office, Industrial
    Second-floor suite at 416 W Huron Street in downtown Ann Arbor. Features a private...
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    Contact us

    Suite 5 $15/Mo

    Size
    564 SF
    Type
    Office, Industrial
    Professional office suite for lease totaling 564 square feet with two private offices....
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    Suite 12 $15/Mo

    Size
    1,494 SF
    Type
    Office, Industrial
    Predominantly open commercial suite featuring one private office and ample built-in...
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    Suite 6 $18/Mo

    Size
    548 SF
    Type
    Office, Industrial
    Private downtown Ann Arbor office with onsite parking, perfect for professionals...
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    Suite 20 $15/Mo

    Size
    1,142 SF
    Type
    Office, Industrial
    Contact us

    Suite 14 $18/Mo

    Size
    2,528 SF
    Type
    Office
    This expansive second-floor office offers an open layout with high ceilings, abundant...
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    We can help!

    Listing Contact
    Tyler Burgoon

    Listing agent Tyler Burgoon License #6502404948

    Listing office JP Commercial Real Estate - Ann Arbor

    Listing date Mar 20, 2025

    Source Crexi

    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 JP Commercial Real Estate - Ann Arbor

    HighLights

    • Prime location: Steps from downtown.
    • Newly updated office suites.
    • Open floor plans.
    • In‑suite restrooms.
    • Kitchenette and storage included.
    • On‑site parking available.

    Overview

    This property offers a range of office spaces situated steps from downtown. Newly updated office suites feature open floor plans, in-suite restrooms, a kitchenette, and storage. Individual private offices are available for those seeking a smaller workspace. On-site parking is available and negotiable in quantity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Repose Spa Alternative Medicine Practice Acupuncture Ann Arbor ... Alternative Medicine Practice Acupressure & Qigong Alternative Medicine Practice Tropical Touch Ann ... Alternative Medicine Practice Millionaire Aesthetics Spa & Massage Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.743147
    Latitude
    42.2809645

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    FAQs

    What type of property is this?
    Office units - Newly updated office suites with flexible options near downtown.
    Where is this office units located?
    The property is located at 416 W Huron St Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Steps from downtown.; Newly updated office suites.; Open floor plans.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tyler Burgoon
    Real Estate License ID: 6502404948
    Request Owner's contact information
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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.

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