Ann Arbor Flex
For Sale
Contact for pricing
5200 Venture Dr, Ann Arbor, MI 48108
25,494 SF flex building on 9.48 acres for sale.
Property Size25,494 SF
Lot Size9.48 Acres
Price / SF$118.66
Days on Market674
Property Features for 5200 Venture Dr
General Information
Standard status
Active
Size
25,494 SF
Lot size
9.48 Acres
Property subtype
Industrial
Zoning
Business District
Investment Type
Owner/User
Building Details
Year Built
1985
Buildings
1
Stories
2
Listing Agency:
Colliers - Ann Arbor, Michigan
Listed By:
Jim Chaconas · License #MI 6502358011
(734) 994-3100
Source:
Crexi
Added: Oct 31, 2024
Changed: Sep 4
Last Checked: Sep 2 at 1:11AM
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 Colliers - Ann Arbor, Michigan
Investment Insights
Based on property information with market context.
This flex building offers approximately 25,494 square feet of space on 9.48 acres. The property includes approximately 14,316 square feet of modern office space and approximately 11,178 square feet of high-clear warehouse space. The warehouse features 24' ceilings, one dock, one bay door, a mezzanine, and a locker area. The first floor of the office space includes a formal entry, open work areas, a cafeteria/kitchen, and meeting rooms. The second floor features private offices, a conference room, and a large open office overlooking the warehouse. The building is equipped with 1200 AMP / 480V power, an elevator, and fire-suppressed office space. Ample parking is available. This well-designed facility is suitable for a wide range of users and offers potential for expansion in a park-like setting.
Key Highlights
- Large ±25,494 SF flex building on 9.48 acres, suitable for expansion.
- Features ±14,316 SF of modern office space and ±11,178 SF of high‑clear warehouse.
- Warehouse has 24' ceilings, one dock, one bay door, mezzanine, and locker area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$242,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,859,980
$4.9M
Cap Rate 7%
$3,471,414
$3.5M
Cap Rate 9%
$2,699,989
$2.7M
Market Conditions
NOI Build-Up for 25,494 SF
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.
Gross rent
$397.7K $15.60/SF
− Vacancy
−$23.9K −$0.94/SF
EGI
$373.8K $14.66/SF
− OpEx
−$130.8K −$5.13/SF
NOI
$243.0K $9.53/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,859,980
Cap Rate 7%
$3,471,414
Cap Rate 9%
$2,699,989
Alternative Uses
Best Use
Flex RnD
$3.47M
$3.04M – $4.05M
NOI $242,999 @ 7.0% cap · market cap 8.03%
Second Best
Industrial
$1.86M
$1.63M – $2.17M
NOI $130,203 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,133 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 25,494 SF flex building on 9.48 acres for sale.
Where is this flex space located?
The property is located at 5200 Venture Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: Large ±25,494 SF flex building on 9.48 acres, suitable for expansion.; Features ±14,316 SF of modern office space and ±11,178 SF of high‑clear warehouse.; Warehouse has 24' ceilings, one dock, one bay door, mezzanine, and locker area.
