Modern Dentist Office
15301-15311 W McNichols Rd Detroit, MI 48235
15301-15311 W McNichols Rd, Detroit, MI, 48235
$250,000
For Sale
$250,000
Well-updated modern facility currently operating as a dentist office.
Property Size4,804 SF
Price / SF$52.04
Days on Market149
Property Features for 15301-15311 W McNichols Rd
General Information
- Standard status
- Active
- Size
- 4,804 SF
- Property subtype
- Healthcare, Office
Building Details
- Year Built
- 1955
Listing agency
Signature Associates - Southfield
(248) 359-0615
Listed by
Joe Stack
(248) 359-0615
Source
Cpix.resimplifi
Added: Feb 23 Updated: Jul 21 at 7:44AM Checked: Jul 22 at 2:11AM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This modern facility is currently set up as an operating dentist office, with many updates throughout. The property’s existing improvements support a professional medical office use, and the layout is oriented to dental practice operations.
The asset is located at 15301–15311 W. McNichols Rd in Detroit, MI 48235, providing a straightforward option for buyers seeking an office property already configured for a dental tenant.
With its established dentist office setup and noted modernization, this property may be a practical fit for an owner-operator or an investor looking for a turn-key medical office presence.
The asset is located at 15301–15311 W. McNichols Rd in Detroit, MI 48235, providing a straightforward option for buyers seeking an office property already configured for a dental tenant.
With its established dentist office setup and noted modernization, this property may be a practical fit for an owner-operator or an investor looking for a turn-key medical office presence.
Key Highlights
- Currently operating as a dentist office
- Year built: 1955
- Modern facility with many updates
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $6.00 |
| − Vacancy | −$6.8k | −$1.41 |
| EGI | $22.1k | $4.59 |
| − OpEx | −$5.5k | −$1.15 |
| NOI | $16.5k | $3.44 |
4,804 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$607.9K
$531.9K – $709.2K
NOI $42,553 @ 7.0% cap · market cap 17.02%
Second Best
Office B
$236.3K
$206.7K – $275.6K
NOI $16,538 @ 7.0% cap · market cap 6.62%
Theoretical Best
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,668 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Well-updated modern facility currently operating as a dentist office.
Where is this medical office space located?
The property is located at 15301-15311 W McNichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Currently operating as a dentist office; Year built: 1955; Modern facility with many updates
