Medical Office Suite with Exam
For Sale
$127,800
Pending
100-2575 Spring Arbor Rd, Jackson, MI 49203
Efficient healthcare workspace in a professionally managed office park with patient-focused rooms, reception, waiting area, and basement storage.
Property Size1,278 SF
Days on Market50
Property Features for 100-2575 Spring Arbor Rd
General Information
Standard status
Pending
Size
1,278 SF
Additional Details
HOA Fee
$412
Office Units
1
Taxes and HOA fees
Annual Taxes
$4,200
Listing Agency:
Howard Hanna Real Estate Services
(517) 812-1641
Listed By:
HEATHER HERNDON · License #6501335416
(517) 812-1641
Source:
Exprealty
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 20 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This medical office suite provides 1,278 square feet arranged for healthcare operations, with three exam rooms, a private office, reception area, and waiting room. Basement space adds room for storage, records, and mechanical systems. Existing office furniture may be included, subject to the terms of the sale.
The suite is located within Summit Woods Professional Park at 2575 Spring Arbor Rd in Jackson, Michigan. Ample parking supports convenient patient access, while the professionally managed association maintains shared property services, including lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water/sewer service, and annual fire extinguisher inspections. The layout is suited to medical, dental, therapy, and other healthcare-related practices.
The suite is located within Summit Woods Professional Park at 2575 Spring Arbor Rd in Jackson, Michigan. Ample parking supports convenient patient access, while the professionally managed association maintains shared property services, including lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water/sewer service, and annual fire extinguisher inspections. The layout is suited to medical, dental, therapy, and other healthcare-related practices.
Key Highlights
- 1, 278 sq. ft. medical office suite
- Three exam rooms, one private office, reception, and waiting room
- Basement area for storage, records, and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,500
$233.5K
Cap Rate 7%
$166,786
$166.8K
Cap Rate 9%
$129,722
$129.7K
Market Conditions
NOI Build-Up for 1,278 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.2K $17.40/SF
− Vacancy
−$2.8K −$2.18/SF
EGI
$19.5K $15.22/SF
− OpEx
−$7.8K −$6.09/SF
NOI
$11.7K $9.13/SF
Area
Jackson County, MI
Vacancy
12.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,500
Cap Rate 7%
$166,786
Cap Rate 9%
$129,722
Alternative Uses
Best Use
Healthcare Medical
$166.8K
$145.9K – $194.6K
NOI $11,675 @ 7.0% cap · market cap 9.14%
Second Best
Office B
$153.0K
$133.9K – $178.5K
NOI $10,711 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$204.0K
$178.5K – $238.0K
NOI $14,281 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Efficient healthcare workspace in a professionally managed office park with patient-focused rooms, reception, waiting area, and basement storage.
Where is this medical office space located?
The property is located at 100-2575 Spring Arbor Rd Jackson, MI.
What is the asking price?
The asking price for this property is $127,800.
What are key features of this property?
This property features: 1, 278 sq. ft. medical office suite; Three exam rooms, one private office, reception, and waiting room; Basement area for storage, records, and mechanical systems
