Lincoln Park Medical/Office
For Sale
$200,000
1336 Southfield Road, Lincoln Park, MI 48146
4,300 SF medical/office building in Lincoln Park for sale.
Property Size4,300 SF
Price / SF$46.51
Days on Market272
Property Features for 1336 Southfield Road
General Information
Standard status
Active
Size
4,300 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,300 SF
Listing Agency:
NAI Farbman Southfield
(248) 351-4367
Listed By:
Brad Margolis · License #6501371948
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 11
Last Checked: Aug 20 at 4:49AM
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This 4,300 square foot building in Lincoln Park is suitable for medical or office use. It offers prime commercial exposure with frontage on Southfield Road. The location benefits from high traffic counts, with 127,047 near I-75 & John A Papalas Dr, 95,684 near Garfield Ave & Howard St, and 89,757 near Detroit Toledo Fwy & Southfield Fwy. The flexible floor plan can be split for two tenants. The property is located near restaurants and retail amenities. All FF&E is included in the sale.
Key Highlights
- 4,300 SF Medical/Office Building in Lincoln Park
- Prime Commercial Exposure on Southfield Road
- Extremely High Traffic Counts
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
$14,803
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
7.40%
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%
$296,060
$296.1K
Cap Rate 7%
$211,471
$211.5K
Cap Rate 9%
$164,478
$164.5K
Market Conditions
NOI Build-Up for 4,300 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
$25.8K $6.00/SF
− Vacancy
−$6.1K −$1.41/SF
EGI
$19.7K $4.59/SF
− OpEx
−$4.9K −$1.15/SF
NOI
$14.8K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$296,060
Cap Rate 7%
$211,471
Cap Rate 9%
$164,478
Alternative Uses
Best Use
Healthcare Medical
$646.9K
$566.0K – $754.7K
NOI $45,282 @ 7.0% cap · market cap 22.64%
Second Best
Office B
$211.5K
$185.0K – $246.7K
NOI $14,803 @ 7.0% cap · market cap 7.40%
Theoretical Best
Specialty Retail
$796.1K
$696.6K – $928.8K
NOI $55,728 @ 7.0% cap · market cap 27.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
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 - 4,300 SF medical/office building in Lincoln Park for sale.
Where is this medical office space located?
The property is located at 1336 Southfield Road Lincoln Park, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 4,300 SF Medical/Office Building in Lincoln Park; Prime Commercial Exposure on Southfield Road; Extremely High Traffic Counts
