Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3135-3279 Washtenaw Ave Ann Arbor, MI 48104
    Back to Search
    Property profile & analytics

    3135-3279 Washtenaw Ave, Ann Arbor, MI 48104

    View on Map
    • Retail properties & Spaces
    • 120,565 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3135-3279 Washtenaw Ave

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located within the Huron Village Shopping Center at 3135-3279 Washtenaw Ave, Ann Arbor, MI 48104, in Washtenaw County. The center offers a total of 120,565 square feet of retail space, with multiple tenancies available. Currently, there are three spaces available for lease, ranging in size from a minimum of 1,119 square feet to a maximum contiguous space of 5,404 square feet. This presents a unique opportunity for businesses seeking flexible space options to suit their specific needs. The total vacant space currently available is 5,404 square feet. The property's prime location in Ann Arbor, Michigan, offers excellent visibility and accessibility for businesses seeking to establish or expand their presence in a thriving market. This is an ideal location for a variety of retail businesses looking to capitalize on the high foot traffic and strong consumer base in this established shopping center. The property is classified as commercial retail and is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6982
    Latitude
    42.258

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      334 Ashley St

      Office Units
      334 Ashley St, Ann Arbor, MI 48104
      View Details
    • Value Estimation by Request
      23,309 SF

      255 Liberty St

      Retail properties & Spaces
      255 Liberty St, Ann Arbor, MI 48104
      View Details
    • Value Estimation by Request

      207 Ashley St

      Restaurants
      207 Ashley St, Ann Arbor, MI 48104
      View Details
    • Value Estimation by Request
      10,481 SF

      327-331 Main St

      Restaurants
      327-331 Main St, Ann Arbor, MI 48104
      View Details
    • Value Estimation by Request

      103 Liberty St

      Office Units
      103 Liberty St, Ann Arbor, MI 48104
      View Details
    • Value Estimation by Request
      9,275 SF

      3360-3378 Washtenaw Ave

      Lifestyle centers
      3360-3378 Washtenaw Ave, Ann Arbor, MI 48104
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Mixed-Use Building in Ann Arbor

      Three-story building with restaurant and office tenants in downtown Ann Arbor.
      110 South Main St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing
      2,320 SF

      Cocktail and Coffee Lounge Opportunity

      Established cocktail and coffee lounge for sale in Ann Arbor.
      413 E Huron St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing

      High-Visibility Shopping Center For Sale

      Shopping center on Washtenaw Avenue, near US-23 and major universities.
      3354 Washtenaw Ave, Ann Arbor, MI 48104
      View Details
    • Contact for pricing
      3,624 SF

      Downtown Ann Arbor Mixed-Use Building

      Prime location with retail and office/residential potential.
      208 E Washington St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing

      Arbor Hills Retail Opportunity

      Retail space available in a premier Ann Arbor shopping destination.
      3010 Washtenaw Ave, Ann Arbor, MI 48104
      View Details
    • Contact for pricing

      Downtown Ann Arbor Development Opportunity

      Proposed development site in the heart of Downtown Ann Arbor.
      327-331 South Main St, Ann Arbor, MI 48104
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr

      Downtown Ann Arbor Corner Retail

      Prime retail space in a high-traffic downtown location.
      203 E Liberty St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing
      4,154 SF

      Prime Retail Space Near University

      Upscale retail space in student community near University of Michigan.
      616 E Washington St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing
      3,154 SF

      Mixed-Use Building Near Downtown

      Retail and office spaces in high-traffic Ann Arbor location.
      615 S Main St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing

      Prime Retail Space on Packard

      High-traffic location in downtown Ann Arbor with development nearby.
      640 Packard St, Ann Arbor, MI 48104
      View Details
    • Contact for pricing

      Visible Shopping Center on Washtenaw

      Highly visible shopping center near US-23 and major universities.
      3354 Washtenaw Ave, Ann Arbor, MI 48104
      View Details
    • Contact for pricing
      1,119 SF

      Retail Space in Huron Village

      Retail space in Whole Foods-anchored shopping center near University of Michigan.
      3205-3255 Washtenaw Ave, Ann Arbor, MI 48104
      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.
    3135-3279 Washtenaw Ave
    Ann Arbor, MI 48104
    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
    3135-3279 Washtenaw Ave, Ann Arbor, MI, 48104
    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!