Medical Office with Private
For Sale
$645,000
24825 EUREKA RD, Taylor, MI 48180
Two-level layout includes exam rooms with sinks, storage, and a separate lower-level entrance.
Property Size5,368 SF
Price / SF$120.16
Days on Market64
Property Features for 24825 EUREKA RD
General Information
Standard status
Active
Size
5,368 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
3
122110
Building Details
Year Built
1979
Listing Agency:
Vantage Realty Group, LLC
(734) 991-3482
Listed By:
Teressa Mann
(734) 991-3482
Source:
Xome
Added: Jun 1
Changed: Aug 3
Last Checked: Aug 3 at 8:47AM
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 Vantage Realty Group, LLC
Investment Insights
Based on property information with market context.
This medical office property, built in 1979, provides a multi-level configuration with several private work or examination rooms. The main level includes an executive office with a fireplace and dedicated restroom, while the exam rooms include sinks and storage. Three additional private offices or exam rooms occupy the lower level, along with another restroom and a separate entrance.
Building systems include two furnaces and two alarm systems. A sump pump and warrantied foundation work are also reported, along with on-site parking. The property offers access to routes 75, 94, and 275 and may accommodate medical, professional office, wellness, or specialty healthcare uses identified in the property information.
Building systems include two furnaces and two alarm systems. A sump pump and warrantied foundation work are also reported, along with on-site parking. The property offers access to routes 75, 94, and 275 and may accommodate medical, professional office, wellness, or specialty healthcare uses identified in the property information.
Key Highlights
- Three additional private offices or exam rooms on the lower level
- Exam rooms equipped with sinks and storage
- Executive office includes a fireplace and private restroom
Financial Insights For Healthcare Medical
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 | $107.6k | $20.04 |
| − Vacancy | −$13.4k | −$2.49 |
| EGI | $94.2k | $17.55 |
| − OpEx | −$37.7k | −$7.02 |
| NOI | $56.5k | $10.53 |
5,368 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$807.5K
$706.6K – $942.1K
NOI $56,528 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$264.0K
$231.0K – $308.0K
NOI $18,479 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
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 - Two-level layout includes exam rooms with sinks, storage, and a separate lower-level entrance.
Where is this medical office space located?
The property is located at 24825 EUREKA RD Taylor, MI.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three additional private offices or exam rooms on the lower level; Exam rooms equipped with sinks and storage; Executive office includes a fireplace and private restroom
