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    FOR LEASE
    Office buildings

    1194 Oak Valley Dr, Ann Arbor, MI 48108

    42,936 SF 4.35 ac lot Built 1998
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US43-0936382
    Property summary
    AI-generated overview

    This exceptional 11,945-square-foot office building presents a unique opportunity in Ann Arbor, Michigan. Situated at 1194 Oak Valley Drive, 48108, this property boasts a prime location within a business park, offering tenants scenic views. The building, constructed in 1999, is classified as a Traditional Office and Executive Office space, suitable for a variety of business needs. The entire 11,945 square feet is currently vacant, providing flexibility for a single large tenant or the potential for multiple smaller tenants. The property sits on a generous 4.35-acre lot, providing ample space and potential for expansion or additional amenities. The zoning is designated as PUD (Planned Unit Development), offering potential for various uses within the established framework. Located in Washtenaw County, this property benefits from the vibrant Ann Arbor business environment. The building's modern design and desirable location make it an attractive option for businesses seeking high-quality office space in a thriving community. The entire space is available for lease, offering a rare opportunity to secure a significant footprint in a sought-after location. Interested parties should inquire for further details and leasing options.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1998
    Total area 42,936 SF
    Lot 4.35 ac (189,486 SF)
    APN L -12-08-305-019
    UPID US43-0936382
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • HarmonyCares Medical Group Home Health Care Service
    • WILLIAM NASSO Physician
    • MICHAEL ALLISON Pediatrician Physician
    • FLURA S. DAWDE Pediatrician Physician
    • Tyler Technologies (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.98M
    Blend (final) Blend
    $4.98M
    Owner & transaction history
    Blackbird Ann Arbor LLC · 11 yrs held
    Blackbird Ann Arbor LLC
    since 2015
    3 recorded transactions
    2015
    2013
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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