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

    777 Eisenhower Pkwy Ann Arbor, MI 48108

    Sponsored
    For Lease
    $28 SF/Yr

    Class A Office Space, Ann Arbor

    Lot size:
    16,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This prestigious Class A office building, located at 777 E Eisenhower Pkwy in Ann Arbor, Michigan, offers multiple tenancy options within a vibrant Southside corridor location. The 777 Building provides a range of suite sizes, accommodating businesses seeking spaces from 938 square feet to 5,586 square feet. The building's iconic presence establishes a strong professional image for tenants. Situated in Washtenaw County, this property benefits from its central location within the Ann Arbor submarket cluster, providing easy access to amenities and transportation. The building's traditional office layout is complemented by executive office options, catering to a variety of business needs and preferences. The property is ideal for companies seeking a high-quality, well-located office space in a thriving Michigan community. The precise total square footage of the building is currently unavailable. This prime Ann Arbor location offers an exceptional opportunity for businesses seeking a sophisticated and convenient workspace. Multiple suites are currently available, making it an ideal location for businesses of various sizes. The 48108 zip code ensures easy access to a range of local services and resources. This is a rare opportunity to secure office space in a highly sought-after Ann Arbor location.

    Property Features for 777 Eisenhower Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,790 SF
    Class
    A

    Spaces For Lease

    at 777 Eisenhower Pkwy, Ann Arbor, MI 48108 Contact us
    Unit Suite 710

    $28 /Mo

    Size
    5,586 SF
    Contact us
    Unit Suite 720

    $28 /Mo

    Size
    5,004 SF
    Contact us
    Unit Suite 970

    $28 /Mo

    Size
    5,262 SF
    Contact us

    We can help!

    Listing Contact
    Karen O'Neil

    Learn more

    Property Insight Report

    HighLights

    • Class A finishes throughout, completely renovated.
    • On‑site amenities including café, food trucks, and game room.
    • 24/7 security and on‑site property management.
    • Ample surface parking with covered parking options available.
    • Multiple fiber internet providers.
    • Monument signage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Merrill Lynch Financial ... Financial Advisor Northwestern Mutual Financial Advisor TIAA Financial Services Financial Advisor U of M Emp ... Credit Union Merrill Lynch Wealth ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -83.7372687
    Latitude
    42.2446557

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Ann Arbor
    Where is this office property / space located?
    The property is located at 777 Eisenhower Pkwy Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $0.00-$28 SF/Yr.
    What are key features of this property?
    This property features: Class A finishes throughout, completely renovated.; On-site amenities including café, food trucks, and game room.; 24/7 security and on-site property management.
    Request Owner's contact information
    777 Eisenhower Pkwy 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
    777 Eisenhower Pkwy Ann Arbor, MI 48108
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    Listing Contact
    Karen O'Neil
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