Built-Out Medical Office
For Sale
$185,000
2277 Science Pkwy, Okemos, MI 48864
A turnkey former dental/medical suite with exam rooms and plumbing hookups for immediate clinical occupancy.
Property Size1,250 SF
Price / SF$148
Days on Market171
Property Features for 2277 Science Pkwy
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office, Other
Zoning
RP
Building Details
Building Size
1,250 SF
Year Built
1978
Listing Agency:
Colliers Lansing
Listed By:
Julie O'Brien
(517) 230-8944
Source:
Cpix.resimplifi
Added: May 1
Changed: Oct 12
Last Checked: Oct 16 at 5:58AM
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 Colliers Lansing
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 well-appointed former dental/medical suite is ready for immediate occupancy and comes with existing plumbing and equipment hookups. The space features a fully built-out clinical layout, including four exam rooms, a welcoming waiting room, and a professional reception area. In addition, there is a private office plus a dedicated lab area, along with an in-suite staff restroom for day-to-day operations.
Conveniently located just off Okemos Road, the suite offers strong accessibility for both patients and staff. It is positioned centrally between I-96/Jolly Road and Grand River Avenue, supporting easy connectivity from surrounding corridors.
With its exam room configuration, reception and waiting area, and dedicated lab space, this suite is a practical fit for healthcare providers seeking an efficient, clinically oriented environment. The presence of a secondary staff exit also adds operational convenience, making the layout well-suited for organizations that need smooth patient flow alongside back-of-house access.
Conveniently located just off Okemos Road, the suite offers strong accessibility for both patients and staff. It is positioned centrally between I-96/Jolly Road and Grand River Avenue, supporting easy connectivity from surrounding corridors.
With its exam room configuration, reception and waiting area, and dedicated lab space, this suite is a practical fit for healthcare providers seeking an efficient, clinically oriented environment. The presence of a secondary staff exit also adds operational convenience, making the layout well-suited for organizations that need smooth patient flow alongside back-of-house access.
Key Highlights
- Former dental/medical suite built out for clinical use, with existing plumbing and equipment hookups
- Includes (4) exam rooms plus a dedicated lab area
- Reception and waiting room area for patient check‑in
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,543
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,860
$210.9K
Cap Rate 7%
$150,614
$150.6K
Cap Rate 9%
$117,144
$117.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$22.5K $18.00/SF
− Vacancy
−$4.9K −$3.94/SF
EGI
$17.6K $14.06/SF
− OpEx
−$7.0K −$5.62/SF
NOI
$10.5K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,860
Cap Rate 7%
$150,614
Cap Rate 9%
$117,144
Alternative Uses
Best Use
Office B
$150.6K
$131.8K – $175.7K
NOI $10,544 @ 7.0% cap · market cap 5.70%
Second Best
Healthcare Medical
$150.6K
$131.8K – $175.7K
NOI $10,543 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$200.8K
$175.7K – $234.3K
NOI $14,058 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48864, MI
22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Bennett Road Animal Clinic, Inc. — 2298 Bennett Rd, Okemos, MI 48864
- Red Cedar Animal Hospital, PC — 2245 Mt Hope Rd, Okemos, MI 48864
- Riverside Cat Hospital — 4632 Okemos Rd, Okemos, MI 48864
Frequently Asked Questions
What type of property is this?
Medical Office Space - A turnkey former dental/medical suite with exam rooms and plumbing hookups for immediate clinical occupancy.
Where is this medical office space located?
The property is located at 2277 Science Pkwy Okemos, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Former dental/medical suite built out for clinical use, with existing plumbing and equipment hookups; Includes (4) exam rooms plus a dedicated lab area; Reception and waiting room area for patient check‑in
