Medical/Office Space with Garage

950 S LAPEER Road, Oxford, MI 48371

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For Sale

$499,000

Versatile space ideal for medical or office use.

Type:Commercial/Industrial

Property size:

1,954 SF

Lot size:

0.46 Acres

Price / SF:

$255/SF

HighLights

Perfect location for medical or therapy practices (med spa, medical practice, therapist).
Existing infrastructure as a former dental office.
High visibility and signage opportunity on Lapeer Rd.
Ample storage space with 2 basements.
On‑site parking plus a 2‑car garage.
Built in 1950.

We can help!

Listing Contact

Jessica Gaul

For Sale

$499,000

Versatile space ideal for medical or office use.

Type:Commercial/Industrial

Property size:

1,954 SF

Lot size:

0.46 Acres

Price / SF:

$255/SF

Added:: Oct 31, 2024
Days on Market:: 591
Last Refresh:: May 20 at 12:53 am

Property Features for 950 S LAPEER Road

General Information

Standard status: Active
Size: 1,954 SF
Lot size: 0.46 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1950

We can help!

Listing Contact

Jessica Gaul

Listing agent Jessica Gaul License #6501416206

Listing office Max Broock, REALTORSÂ®-Troy

Listing date Oct 31, 2024

Source Exitrealty

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 Max Broock, REALTORSÂ®-Troy

HighLights

Perfect location for medical or therapy practices (med spa, medical practice, therapist).
Existing infrastructure as a former dental office.
High visibility and signage opportunity on Lapeer Rd.
Ample storage space with 2 basements.
On‑site parking plus a 2‑car garage.
Built in 1950.

Overview

This 1,954 square foot property is suitable for a med spa, medical practice, or therapist. Currently configured as a dental office, the space is ideal for a doctor, dental specialist, or general office use. Note that it is not for use as a general dental office. The property features two basements providing ample storage, parking, and a two-car garage. Signage is available on Lapeer Road, offering high visibility.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$49.2k	$25.20
− Vacancy	−$5.2k	−$2.65
EGI	$44.1k	$22.55
− OpEx	−$17.6k	−$9.02
NOI	$26.4k	$13.53

1,954 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$377.7K

$330.5K – $440.7K (±1% cap)

NOI $26,442 @ 7.0% cap · market cap 5.30%

Second Best

Office B

$96.1K

$84.1K – $112.1K (±1% cap)

NOI $6,727 @ 7.0% cap · market cap 1.35%

Theoretical Best

Specialty Retail

$421.5K

$368.8K – $491.7K (±1% cap)

NOI $29,502 @ 7.0% cap · market cap 5.91%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dr. Sean Tahaney Dental Office Stowell Debra Dental Office Wilson Marylee Dental Office Trudeau Kim Dental Office De Long Amy Dental Office

Suggested Use

Similar Places Nearby

Parker Veterinary Hospital — 5 Mechanic St, Oxford, MI 48371
Bell Veterinary Clinic — 845 S Lapeer Rd, Oxford, MI 48371
Oxford Veterinary Hospital — 6 Lincoln St, Oxford, MI 48371
Dr. Stephen Steep — 6 Lincoln St, Oxford, MI 48371

Location Insight

Map
Local Demand

City: Oxford
County: Oakland
State: Michigan
Longitude: -83.2534
Latitude: 42.8114

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For sale
Medical Office Space
MI
Oxford
48371
950 S LAPEER Road

What type of property is this?

Medical Office Space - Versatile space ideal for medical or office use.

Where is this medical office space located?

The property is located at 950 S LAPEER Road Oxford, MI.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Perfect location for medical or therapy practices (med spa, medical practice, therapist).; Existing infrastructure as a former dental office.; High visibility and signage opportunity on Lapeer Rd.