3923 Ranchero DrAnn Arbor, MI 48108

Property Details for 3923 Ranchero Dr

Year built

1997

Lot size

2.33 AC

Property size (Sq ft)

19,882 SF

Property type

Office buildings

APN

L -12-08-310-019

APU

L1208310019

Description

This exceptional 19,383-square-foot creative office space at 3923 Ranchero Drive offers a unique blend of rural tranquility and urban convenience. Situated on a peaceful, quiet road with minimal traffic noise, the property boasts beautiful landscaping featuring mature trees, grassy fields, scenic ponds, and streams. Its location provides immediate access to I-94 via Ann Arbor-Saline Road and South State Street exits, ensuring effortless commutes. A mere eight-minute drive connects you to downtown Ann Arbor and the University of Michigan's central campus. The property's strategic placement near Ann Arbor-Saline Road offers easy access to a variety of retail and dining options, including Target, Meijer, TGI Friday's, and Texas Road House, among others. Adding to its appeal is the adjacency to the upscale Valley Ranch residential complex. The building itself features modern spaces with private suite entrances, ample parking, and prominent monument signage. Locally owned and managed, the property benefits from 24/7 on-call maintenance, ensuring peace of mind for tenants. This single-tenant office building presents a rare opportunity to combine a serene work environment with exceptional accessibility to Ann Arbor's vibrant city center.

• CAP approach

  CAP return

  Valuation

  6%

  $3,403,558

  6.5%

  $3,141,746

  7%

  $2,917,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,859,762

  Geo Method

  $1,859,762

• Alternative Use

  Use

  Valuation

  Residential

  $3,895,766

  Hospitality

  $3,568,500

  Educational

  $2,968,950

  Medical

  $3,071,057

  Retail

  $4,618,367

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2305

Longitude

-83.754

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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