Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3150-3188 Gratiot Blvd Marysville, MI 48040
    Back to Search
    Property profile & analytics

    3150-3188 Gratiot Blvd Marysville, MI 48040

    View on Map
    • Retail properties & Spaces
    • 29,312 SF
    • 1.99 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3150-3188 Gratiot Blvd

    Year built
    1996
    Lot size
    1.99 lot acres
    Property size
    29,312 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Marysville Plaza, located at 3150-3188 Gratiot Blvd, Marysville, MI 48040, offers exceptional executive office space in a well-maintained plaza. This single-story, Class B building, constructed in 1996, boasts a total of 29,312 square feet and comprises 12 suites. Currently, 7,250 square feet of space is available, with a minimum divisible space of 1,050 square feet and a maximum contiguous space of 4,400 square feet. The property sits on a generous 1.99-acre lot, conveniently located near the intersection of Gratiot and Range Road, offering excellent visibility and accessibility. Ample parking is provided with 100 spaces. The building is zoned R1-A and is situated in St. Clair County, Michigan, minutes from I-94, ensuring easy commutes for employees and clients. The plaza benefits from high foot traffic and a diverse mix of existing tenants. While elevators are not available, the single-story design ensures easy navigation. This presents a unique opportunity for businesses seeking a well-located, functional office space in a thriving commercial area. The property offers a blend of convenience, accessibility, and a strong tenant base, making it an ideal location for various business types.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4969
    Latitude
    42.9128

    Comparable in this City

    • Value Estimation by Request
      7,299 SF

      3195 Gratiot Blvd

      Restaurants • 7,299 SF
      3195 Gratiot Blvd, Marysville, MI 48040
      View Details
    • Value Estimation by Request
      843 SF

      782 Huron Blvd Ste, Unit 1

      OFFICE BUILDING • 843 SF
      782 Huron Blvd Ste, Marysville, MI 48040-1499
      View Details
    • Value Estimation by Request
      2,365 SF

      1700 Busha Hwy

      OFFICE BUILDING • 2,365 SF
      1700 Busha Hwy, Marysville, MI 48040-1801
      View Details
    • Value Estimation by Request
      4,020 SF

      1273 Gratiot Blvd

      OFFICE BUILDING • 4,020 SF
      1273 Gratiot Blvd, Marysville, MI 48040-2303
      View Details
    • Value Estimation by Request
      1,539 SF

      1616 Gratiot Blvd

      DENTAL BUILDING • 1,539 SF
      1616 Gratiot Blvd, Marysville, MI 48040-1181
      View Details
    • Value Estimation
      $895,000
      14,814 SF

      2801 Gratiot Blvd, Unit 2833

      OFFICE BUILDING • 14,814 SF
      2801 Gratiot Blvd, Marysville, MI 48040-2123
      View Details

    Similar Nearby for Sale

    • $229,900
      1,536 SF

      Marysville Commercial Building on Gratiot

      Freestanding building with large lot on heavily traveled Gratiot Blvd.
      1705 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $875,000
      5,013 SF

      Turnkey Restaurant and Bar Opportunity

      Established restaurant and bar with high visibility and flexible zoning.
      596 Busha Hwy, Marysville, MI 48040
      View Details
    • $160,000
      1,750 SF

      Marysville Commercial Building on Corner Lot

      Freestanding 1,750 sq ft commercial building on 0.49-acre corner lot.
      10 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $49,900
      Pending

      Marysville Land Near I-94

      Commercial land near I-94 and Meijer in Marysville, MI.
      Gratiot Blvd, Marysville, MI 48040
      View Details
    • $55,000
      0.38 Acres

      Residential Land in Marysville, MI

      Residential land in Marysville School District, ready for new construction.
      260 Capitol Dr, Marysville, MI 48040
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Retail and Office Spaces Available

      Well-maintained plaza with high foot traffic, near I-94.
      3150-3188 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $1,900 /Mo

      Freestanding Building on Gratiot Blvd

      Freestanding building with large lot and abundant parking.
      1705 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $4 SF/Yr

      Warehouse with Crane and Storage

      Clean warehouse with updated offices, crane, and yard storage.
      2543 Wills St, Marysville, MI 48040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3150-3188 Gratiot Blvd
    Marysville, MI 48040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3150-3188 Gratiot Blvd, Marysville, MI, 48040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!