Medical Building in Auburn
2240 N Opdyke Rd, Auburn Hills, MI 48326
For Sale
Contact for pricing
3,150 SF medical building in Auburn Hills, Michigan.
Property Size3,176 SF
Price / SF$299.12
Days on Market234
Property Features for 2240 N Opdyke Rd
General Information
Standard status
Size
Class
Property subtype
Investment Type
Building Details
Year Built
Listing Agency:
NAI Farbman Southfield
Listed By:
Jeff Cavazos · License MI #6502123213
(248) 351-4392
Source:
Crexi
Added: Mar 23
Changed: Oct 29
Last Checked: Nov 10 at 6:29AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,150 SF building, constructed in 1973, is located in Auburn Hills, MI. Zoned I-1, the property is suitable for office or medical use. The property presents an opportunity for customization and expansion. It is an owner/user opportunity for medical professionals with a ready-to-go medical suite.
Key Highlights
- Prime 3,150 SF medical building.
- Ready‑to‑go medical suite.
- Strategic location in Auburn Hills, MI.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,979
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,580
$859.6K
Cap Rate 7%
$613,986
$614.0K
Cap Rate 9%
$477,544
$477.5K
Market Conditions
NOI Build-Up for 3,176 SF
Gross rent
$80.0K $25.20/SF
− Vacancy
−$8.4K −$2.65/SF
EGI
$71.6K $22.55/SF
− OpEx
−$28.7K −$9.02/SF
NOI
$43.0K $13.53/SF
Area
Oakland County, MI
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,580
Cap Rate 7%
$613,986
Cap Rate 9%
$477,544
Alternative Uses
Best Use
Healthcare Medical
$614.0K
$537.2K – $716.3K
NOI $42,979 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$156.2K
$136.7K – $182.2K
NOI $10,933 @ 7.0% cap · market cap 1.15%
Theoretical Best
Specialty Retail
$685.0K
$599.4K – $799.2K
NOI $47,953 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Oakland County, MI
Properties on Market for Medical Office Space in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,150 SF medical building in Auburn Hills, Michigan.
Where is this medical office space located?
The property is located at 2240 N Opdyke Rd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime 3,150 SF medical building.; Ready‑to‑go medical suite.; Strategic location in Auburn Hills, MI.
