Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3480 North Union Rd Bay City, MI 48706
    Back to Search
    Property profile & analytics

    3480 North Union Rd, Bay City, MI 48706

    View on Map
    • Specialty properties
    • 4,000 SF
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nature's Medicines Provisioning Center / (Bike/Boat/Book/etc) Store

    Property Details for 3480 North Union Rd

    Year built
    1980
    Lot size
    1.20 lot acres
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Class A commercial property, located at 3480 E North Union Rd, Bay City, MI 48706, presents a unique investment opportunity. Situated on 1.2 acres of land in a high-traffic area (over 100,000 cars daily) with excellent visibility at the corner of N. Euclid Ave and M-13, this single-story building boasts 4,000 square feet of space, currently divided into two suites. One suite offers 1,000 contiguous square feet, ideally configured as an office layout with a waiting area and five additional rooms. The entire 4,000 square foot building is currently vacant and available for lease or sale. Built in 1980 and extensively renovated in 2024, the property features a 10-foot ceiling height and ample parking with 30 spaces. The building is zoned commercial and has a 100% building FAR. Utilities include CMS power. The property's APN is 010-B30-000-011-00, and it's located in Bay County's desirable submarket. The property is suitable for various uses, including medical, traditional, and creative office spaces, as well as retail. The current asking lease price for the 1,000 sq ft suite is $1,800 per month, while the entire 4,000 sq ft building is available for lease at $3,200 per month. The property is also available for sale, including a Michigan medical and recreational marijuana license. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market. Taxes are $1 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.9158
    Latitude
    43.6094

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      808 Euclid Ave

      Individual retail properties
      808 Euclid Ave, Bay City, MI 48706
      View Details
    • Value Estimation by Request
      4,800 SF

      3461 North Union Rd

      Government properties
      3461 North Union Rd, Bay City, MI 48706
      View Details
    • Value Estimation by Request
      1.00 Acre

      3946 Adela Ct

      Medical Office Space
      3946 Adela Ct, Bay City, MI 48706
      View Details
    • Value Estimation by Request
      35.76 Acres

      Huron Rd

      Individual retail properties
      0 Huron Rd, Kawkawlin, MI 48706
      View Details
    • Value Estimation by Request
      2,252 SF

      207 Williams St

      MEDICAL BUILDING
      207 Williams St, Bay City, MI 48706-4610
      View Details
    • Value Estimation by Request
      1,446 SF

      3459 Midland Rd

      DENTAL BUILDING
      3459 Midland Rd, Bay City, MI 48706-2824
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Bay City Mixed-Use Property

      Mixed-use property available for sale in Bay City, Michigan.
      808 N Euclid Ave, Bay City, MI 48706
      View Details
    • $115,000

      Commercial Space with Salon Potential

      Unique commercial space suitable for salon, spa, retail, or office.
      3952 Bangor Rd, Bay City, MI 48706
      View Details
    • Contact for pricing
      5,757 SF

      Bay City Dental Surgery Center

      Single-tenant NNN dental surgery center built in 2019.
      4161 Shrestha Dr, Bay City, MI 48706
      View Details
    • $195,000
      2,700 SF

      Bay City Live-Work Opportunity

      RM-1 zoned property with home occupation use and business potential.
      512 Germania Ave, Bay City, MI 48706
      View Details
    • $60,000
      100 SF

      Bay County Liquor License Available

      Class C liquor license available for Bay County, Michigan.
      000 Main St, Bay City, MI 48706
      View Details
    • Contact for pricing
      3,800 SF

      Well-Maintained Commercial Space on Wilder Road

      Clean, well-maintained commercial space with ample parking and secure storage.
      4330 Wilder Rd, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,228 SF

      Euclid Avenue Professional Office Space

      Upper-level office space suitable for medical or general use.
      800 S Euclid Ave, Bay City, MI 48706
      View Details
    • Contact for pricing

      Office or Retail Space Available

      Reduced price! Office or retail space with shared amenities.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease, high-traffic corner location.
      3480 North Union Rd, Bay City, MI 48706
      View Details
    • Contact for pricing
      900 SF

      Office or Retail Space Available

      Office or retail space for lease with shared amenities.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Professional office and warehouse space in Valley Center Technology Park.
      1484 Straits Dr, Bay City, MI 48706
      View Details
    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
      200 Wenona St, Bay City, MI 48706
      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.
    3480 North Union Rd
    Bay City, MI 48706
    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
    3480 North Union Rd, Bay City, MI, 48706
    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!