Medical Office Suite in Professional
For Sale
$127,800
Pending
2575 Spring Arbor Road, Jackson, MI 49203
COMMERCIAL - Jackson, MI
Property Size1,278 SF
Lot Size0.03 Acres
Days on Market50
Property Features for 2575 Spring Arbor Road
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking
40
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Spring Arbor Rd. to Heathervale
Standard status
Pending
APN
000-13-08-255-001-00
Size
1,278 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIT 1 SUMMIT WOODS PROFESSIONAL PARK CONDO PLAN #43
Tax Annual Amount
4201
Legal Description
UNIT 1 SUMMIT WOODS PROFESSIONAL PARK CONDO PLAN #43
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Roof type
Composition
Listing Agency:
Howard Hanna Real Estate Services
(517) 787-9800
Listed By:
HEATHER HERNDON · License #6501335416
(517) 812-1641
Added: Jul 2
Changed: Aug 10
Last Checked: Aug 20 at 8:06PM
MLS# 26033441
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained Suite 100 offers 1,278 square feet designed for healthcare use. The efficient layout includes three exam rooms, one private office, a reception area, and a waiting room. Additional basement space is included for storage, records, and mechanical systems. Existing office furniture is available and may be included, supporting a faster path to occupancy.
Located within the Summit Woods Professional Park, the suite is described as providing convenient patient access with ample parking. The property is part of a professionally managed association. HOA dues for Unit 1 are $1,236 quarterly and include lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water/sewer service, and annual fire extinguisher inspections.
This suite is well suited for medical, dental, therapy, or other healthcare-related practices that benefit from dedicated exam room space and a reception/waiting configuration. For buyers or operators looking for a ready-to-use medical office environment, the combination of on-site exam rooms, basement support space, and optional furniture inclusion supports practical day-to-day operations from the outset.
Located within the Summit Woods Professional Park, the suite is described as providing convenient patient access with ample parking. The property is part of a professionally managed association. HOA dues for Unit 1 are $1,236 quarterly and include lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water/sewer service, and annual fire extinguisher inspections.
This suite is well suited for medical, dental, therapy, or other healthcare-related practices that benefit from dedicated exam room space and a reception/waiting configuration. For buyers or operators looking for a ready-to-use medical office environment, the combination of on-site exam rooms, basement support space, and optional furniture inclusion supports practical day-to-day operations from the outset.
Key Highlights
- 1,278 sq. ft. medical office in Summit Woods Professional Park, Ste 100
- Efficient layout with 3 exam rooms, 1 private office, reception area, and waiting room
- Includes basement space for storage, records, and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,500
$233.5K
Cap Rate 7%
$166,786
$166.8K
Cap Rate 9%
$129,722
$129.7K
Market Conditions
NOI Build-Up for 1,278 SF
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.
Gross rent
$22.2K $17.40/SF
− Vacancy
−$2.8K −$2.18/SF
EGI
$19.5K $15.22/SF
− OpEx
−$7.8K −$6.09/SF
NOI
$11.7K $9.13/SF
Area
Jackson County, MI
Vacancy
12.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,500
Cap Rate 7%
$166,786
Cap Rate 9%
$129,722
Alternative Uses
Best Use
Healthcare Medical
$166.8K
$145.9K – $194.6K
NOI $11,675 @ 7.0% cap · market cap 9.14%
Second Best
Office B
$153.0K
$133.9K – $178.5K
NOI $10,711 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$204.0K
$178.5K – $238.0K
NOI $14,281 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
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 - Well-maintained medical office suite with exam rooms, private office, reception, waiting room, and basement storage space.
Where is this medical office space located?
The property is located at 2575 Spring Arbor Road Jackson, MI.
What is the asking price?
The asking price for this property is $127,800.
What are key features of this property?
This property features: 1,278 sq. ft. medical office in Summit Woods Professional Park, Ste 100; Efficient layout with 3 exam rooms, 1 private office, reception area, and waiting room; Includes basement space for storage, records, and mechanical systems
