Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8323 Office Park Dr Grand Blanc, MI 48439

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8323 Office Park Dr Grand Blanc, MI 48439

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CFLegal / Law Firm
    • Kellogg Speech Language Learning Services, LLC / Physician
    • Daniel T. Broughton MSPC, LPC / Counselor / Family Counselor
    • Barnett Financial & Tax / Financial Advisor
    • Weichert Realtors-Grant Hamady / Corporate Office

    Property Details for 8323 Office Park Dr

    Year built
    1984
    Property type
    Office properties & Spaces

    Description

    This single-story, 1984-built office suite (C1) is located at 8323 Office Park Drive, Grand Blanc, MI 48439, at the highly visible intersection of Saginaw and McCandlish. The property is a traditional office space within a multi-tenant building. Suite C1 offers a convenient split office layout, ideal for small businesses or teams requiring separate work areas. A significant benefit is the inclusion of a shared 15 x 30 foot conference room, equipped with an overhead projector, providing a professional space for meetings and presentations. All utilities are included in the lease, simplifying budgeting and management. The property's location ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Grand Blanc. This is a fantastic opportunity to secure a well-appointed office suite in a desirable location. The address is easily accessible from major roadways, offering convenient commuting for employees and clients. The building itself is well-maintained and presents a professional image. This suite is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Blanc
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6045
    Latitude
    42.9076

    Comparable in this City

    • Value Estimation by Request
      6,950 SF

      8145 Saginaw St

      Office Units • 6,950 SF
      8145 Saginaw St, Grand Blanc, MI 48439
      View Details
    • Value Estimation by Request
      3,600 SF

      10293 Saginaw St

      Medical Office Space • 3,600 SF
      10293 Saginaw St, Grand Blanc, MI 48439
      View Details
    • Value Estimation by Request
      1,929 SF

      11225 Saginaw St

      OFFICE BUILDING • 1,929 SF
      11225 Saginaw St, Grand Blanc, MI 48439-1285
      View Details
    • Value Estimation by Request
      24,862 SF

      498 Reid Rd, Unit 189

      OFFICE BUILDING • 24,862 SF
      498 Reid Rd, Grand Blanc, MI 48439-2206
      View Details
    • Value Estimation by Request

      8100 Industrial Park Dr

      INDUSTRIAL - VACANT LAND
      8100 Industrial Park Dr, Grand Blanc, MI 48439-1864
      View Details
    • Value Estimation by Request
      0.86 Acres

      Meadowwood Ln

      INDUSTRIAL - VACANT LAND • 0.86 Acres
      Meadowwood Ln, Grand Blanc, MI 48439
      View Details

    Similar Nearby for Sale

    • $199,000

      Commercial Land in Grand Blanc

      Commercial land for sale in the heart of Grand Blanc.
      8000 S Saginaw St, Grand Blanc, MI 48439
      View Details
    • $650,000
      2,732 SF

      Grand Blanc Commercial Opportunity

      High-visibility commercial space suitable for retail or medical office.
      8392 Holly Rd, Grand Blanc, MI 48439
      View Details
    • $598,000

      Grand Blanc Investment Opportunity

      Prime downtown property with national franchise and additional office space.
      11528 S Saginaw St, Grand Blanc, MI 48439
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Grand Blanc Township.
      1020 E Hill Rd, Grand Blanc, MI 48439
      View Details
    • Contact for pricing

      Office Property for Lease

      Office property available for lease.
      5445 Ali Dr, Grand Blanc, MI 48439
      View Details
    • $5,950 /Mo

      Grand Blanc Office Space Available

      4,200 SF office space in Grand Blanc for lease.
      10683 S Saginaw St, Grand Blanc, MI 48439
      View Details
    • Contact for pricing

      Grand Blanc Office Space Available

      Professional office space for lease in Grand Blanc Township.
      8445 S Saginaw St, Grand Blanc, MI 48439
      View Details
    • Contact for pricing
      2,300 SF

      Grand Blanc Retail/Office Space

      High-visibility retail/office space in Grand Blanc, Michigan.
      8235 Holly Rd, Grand Blanc, MI 48439
      View Details
    • $2,000 /Mo
      1,200 SF

      Grand Blanc Office Space For Rent

      Office space in a high-visibility location with ample parking.
      8145 S Saginaw St, Grand Blanc, MI 48439
      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.
    8323 Office Park Dr
    Grand Blanc, MI 48439
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!