Ann Arbor Office/Retail
For Sale
$950,000
6101-6105-6113 Jackson Rd, Ann Arbor, MI 48103
6,078 SF fully leased condo near I-94 and M-14.
Property Size6,078 SF
Price / SF$156.30
Days on Market206
Property Features for 6101-6105-6113 Jackson Rd
General Information
Standard status
Active
Size
6,078 SF
Property subtype
Office
Zoning
C-2 (GENERAL HIGHWAY COMMERCIAL DISTRICT)
Listing Agency:
Swisher Commercial
(734) 926-0230
Listed By:
Charlie Koenn · License #MI #6506040186
Source:
Swishercommercial
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 21 at 5:21AM
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 Swisher Commercial
Investment Insights
Based on property information with market context.
This 6,078 SF office/retail condo is located in Jackson Road Technology Park on Ann Arbor’s west side, offering visibility and accessibility. The property is situated near I-94 and M-14 and is surrounded by major national retailers, including Lowe’s, Menards, and Meijer. The condo comprises three fully leased suites, currently occupied by Edward Jones (financial services), School of Rock (education), and Norfolk Homes (real estate office). Two of the suites feature road frontage. The property is located west of Zeeb Rd.
Key Highlights
- Stable investment with immediate income from three fully leased suites.
- Excellent visibility and accessibility on Jackson Road.
- Prime location in Ann Arbor's west side, near major national retailers (Lowe’s, Menards, Meijer).
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
$71,988
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
7.58%
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%
$1,439,760
$1.4M
Cap Rate 7%
$1,028,400
$1.0M
Cap Rate 9%
$799,867
$799.9K
Market Conditions
NOI Build-Up for 6,078 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
$109.4K $18.00/SF
− Vacancy
−$6.6K −$1.08/SF
EGI
$102.8K $16.92/SF
− OpEx
−$30.9K −$5.08/SF
NOI
$72.0K $11.84/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,439,760
Cap Rate 7%
$1,028,400
Cap Rate 9%
$799,867
Alternative Uses
Best Use
Retail
$1.03M
$899.9K – $1.20M
NOI $71,988 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$1.02M
$891.2K – $1.19M
NOI $71,295 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,965 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 6,078 SF fully leased condo near I-94 and M-14.
Where is this office units located?
The property is located at 6101-6105-6113 Jackson Rd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Stable investment with immediate income from three fully leased suites.; Excellent visibility and accessibility on Jackson Road.; Prime location in Ann Arbor's west side, near major national retailers (Lowe’s, Menards, Meijer).
