Class A Office Building For
8275 N 32nd St Richland, MI 49083
8275 N 32nd St, Richland, MI, 49083
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For Sale
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Move-in ready office building with high visibility and abundant parking.
Property Size1,951 SF
Price / SF$204.51
Days on Market773
Property Features for 8275 N 32nd St
General Information
- Standard status
- Active
- Size
- 1,951 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing Agency
Callander Commercial
Listed by
Stephanie Wiltgen · License #6505341805
Source
Crexi
Added: Jun 5, 2024 Checked: Jul 16 at 10:03 am
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 Callander Commercial
Investment Insights
Based on property information with market context.
This move-in ready Class A office building, formerly a law office and bank, is suitable for a regional lending institution or private professional office user. The property offers visibility on North 32nd Street, benefiting any operator seeking a location in Richland or surrounding areas. The 1951-square-foot building features abundant parking, appointed finishes, and a brick exterior.
Key Highlights
- Move‑in ready Class A office building suitable for various professional uses.
- High visibility location on North 32nd in Richland.
- Ideal for regional lending institutions or private professional offices.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $14.40 |
| − Vacancy | −$2.0k | −$1.04 |
| EGI | $26.1k | $13.36 |
| − OpEx | −$6.5k | −$3.34 |
| NOI | $19.6k | $10.02 |
1,951 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.3K
$244.4K – $325.9K
NOI $19,554 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$510.5K
$446.7K – $595.6K
NOI $35,738 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ripley Thomas M
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Move-in ready office building with high visibility and abundant parking.
Where is this office building located?
The property is located at 8275 N 32nd St Richland, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Move‑in ready Class A office building suitable for various professional uses.; High visibility location on North 32nd in Richland.; Ideal for regional lending institutions or private professional offices.
