Medical Office Suite with Exam
For Sale
Contact for pricing
237 Davis Lake Road A, Lapeer, MI 48446
A built-out healthcare suite includes dedicated treatment space, reception, and administrative offices for medical or professional office use.
Property Size5,655 SF
Price / SF$0.50
Days on Market33
Property Features for 237 Davis Lake Road A
General Information
Standard status
Active
Size
5,655 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Medical Office
Listing Agency:
RE/MAX Eclipse Clarkston
(248) 620-1000
Listed By:
Wesley C Brooks · License #6501339536
(248) 701-7660
Source:
Goodhomemi
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 3:00PM
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 RE/MAX Eclipse Clarkston
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office suite offers 2,000 square feet arranged with three private exam or treatment rooms, a reception area, and administrative office space. Existing medical infrastructure supports healthcare operations, while a flexible floor plan also accommodates professional office use.
The property is located along the M-24 corridor in Lapeer, with access from Davis Lake Road. Road frontage and prominent signage opportunities are also noted.
The property is located along the M-24 corridor in Lapeer, with access from Davis Lake Road. Road frontage and prominent signage opportunities are also noted.
Key Highlights
- 2,000‑square‑foot medical office suite
- Three private exam or treatment rooms
- Existing medical infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,467
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,340
$389.3K
Cap Rate 7%
$278,100
$278.1K
Cap Rate 9%
$216,300
$216.3K
Market Conditions
NOI Build-Up for 5,655 SF
Gross rent
$33.9K $6.00/SF
− Vacancy
−$8.0K −$1.41/SF
EGI
$26.0K $4.59/SF
− OpEx
−$6.5K −$1.15/SF
NOI
$19.5K $3.44/SF
Area
Lapeer 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 Rate 5%
$389,340
Cap Rate 7%
$278,100
Cap Rate 9%
$216,300
Alternative Uses
Best Use
Healthcare Medical
$926.1K
$810.3K – $1.08M
NOI $64,824 @ 7.0% cap · market cap 2,315.14%
Second Best
Office B
$278.1K
$243.3K – $324.5K
NOI $19,467 @ 7.0% cap · market cap 695.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Thorpe Tracy DVM — 1678 Mayfield Rd, Lapeer, MI 48446
Frequently Asked Questions
What type of property is this?
Medical Office Space - A built-out healthcare suite includes dedicated treatment space, reception, and administrative offices for medical or professional office use.
Where is this medical office space located?
The property is located at 237 Davis Lake Road A Lapeer, MI.
What are key features of this property?
This property features: 2,000‑square‑foot medical office suite; Three private exam or treatment rooms; Existing medical infrastructure
