Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    800 Washington Ave Bay City, MI 48708
    Back to Search
    Property profile & analytics

    800 Washington Ave Bay City, MI 48708

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

    Current Use by Public Records

    • Richard B. Learman / Law Firm
    • Learman Kozubal PLC / Law Firm
    • Martin-Foldie Law / Law Firm
    • Independent Mortgage Co / Loan Service / Bank
    • Kelsey Autumn Esthetics / Spa & Massage Center

    Property Details for 800 Washington Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2,150 square foot commercial space is located in the historic Kresge Building in downtown Bay City, Michigan. Situated on the corner of Center and Washington streets, this single-tenant unit enjoys a prime location near popular restaurants and shops, ensuring high visibility and convenient access. Currently configured as a fully furnished call center, the space boasts a large open floor plan ideal for various business needs. A dedicated break room and a private office provide ample space for employee comfort and executive functions. The layout offers flexibility, allowing for division to accommodate specific operational requirements. The building itself is a beautifully preserved example of early 20th-century architecture, reflecting Bay City's rich commercial history. Large display windows and ornate detailing contribute to its unique character and charm. The property is a blend of historical significance and modern functionality, making it an attractive option for businesses seeking a prestigious and well-located office space. Electric is metered separately. This is a rare opportunity to secure a significant presence in a vibrant downtown area. The property is classified as both Traditional and Creative Office space, offering versatility for a range of businesses.

    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
    -83.8878
    Latitude
    43.598

    Comparable in this City

    • Value Estimation by Request
      3,980 SF

      1704 Woodside Ave

      Office Spaces • 3,980 SF
      1704 Woodside Ave, Bay City, MI 48708
      View Details
    • Value Estimation by Request

      140 Uptown Dr

      Individual retail properties
      140 Uptown Dr, Bay City, MI 48708
      View Details
    • Value Estimation by Request
      4,055 SF

      1705 Columbus Ave

      Restaurants • 4,055 SF
      1705 Columbus Ave, Bay City, MI 48708
      View Details
    • Value Estimation by Request
      47,655 SF

      904-1006 Lafayette Ave

      Retail properties & Spaces • 47,655 SF
      904-1006 Lafayette Ave, Bay City, MI 48708
      View Details
    • Value Estimation by Request
      6,222 SF

      900 Lafayette Ave

      NURSERY, GREENHOUSE, FLORIST • 6,222 SF
      900 Lafayette Ave, Bay City, MI 48708-7973
      View Details
    • Value Estimation by Request
      345 SF

      1525 Broadway St

      Investment properties • 345 SF
      1525 Broadway St, Bay City, MI 48708
      View Details

    Similar Nearby for Sale

    • $154,900

      Office Unit with High Visibility

      Office unit in great location, previously an insurance office.
      2019 Columbus Ave, Bay City, MI 48708
      View Details
    • Contact for pricing
      21,000 SF

      Heated Warehouse with Office Space

      Divisible warehouse with office, multiple bays, freezers, and parking.
      287 River Rd, Bay City, MI 48708
      View Details
    • $154,900
      2,070 SF

      Bay City Commercial/Industrial Property

      Commercial/Industrial property in Bay City, Michigan with high visibility.
      2019 Columbus Ave, Bay City, MI 48708
      View Details
    • Contact for pricing
      24,000 SF

      Bay City Investment Opportunity

      24,000 SF building on over 5 acres in Bay City.
      201 Woodside Ln, Bay City, MI 48708
      View Details
    • $249,000
      3,000 SF

      Bay City Medical/General Office

      Medical or general office space for sale or lease.
      1001 Mulholland St, Bay City, MI 48708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Uptown Bay City Office Space

      Premier Class A office space with riverfront views available for rent.
      21-25 E Main St, Bay City, MI 48708
      View Details
    • $18 SF/Yr

      Class A Office Space Available

      Premier riverfront development, customizable office space with downtown views.
      21 E Main St, Bay City, MI 48708
      View Details
    • Contact for pricing

      Fenced Industrial Parcel Near I-75

      5-acre fenced industrial land parcel, convenient highway access.
      1601 Garfield Ave, Bay City, MI 48708
      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.
    800 Washington Ave
    Bay City, MI 48708
    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
    800 Washington Ave, Bay City, MI, 48708
    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!