Medical Office with Basement
For Sale
$127,800
Pending
2575 Spring Arbor Rd Unit 100, Jackson, MI 49203
Configured with exam rooms, reception, waiting, private office, and parking in a professionally managed office park.
Property Size1,278 SF
Days on Market81
Property Features for 2575 Spring Arbor Rd Unit 100
General Information
Standard status
Pending
Size
1,278 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
HOA Fee
$412
Utilities to Site
Yes
Office Units
1
Building Details
Year Built
1980
Listing Agency:
Howard Hanna Real Estate Services
(517) 812-1641
Listed By:
HEATHER HERNDON · License #6501335416
Source:
Metrodetroithomeguide
Added: Jun 12
Changed: Aug 31
Last Checked: Aug 30 at 6:06PM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
Suite 100 is a 1,278-square-foot medical office built in 1980 within Summit Woods Professional Park. The layout includes three exam rooms, one private office, reception, and a waiting room, with basement space available for storage, records, and mechanical systems. Existing office furniture may be included.
The property is located at 2575 Spring Arbor Rd Unit 100 in Summit Township, MI 49203. Ample parking supports patient access, while the professionally managed association provides lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water and sewer service, and annual fire extinguisher inspections. The configuration is suited to medical, dental, therapy, and other healthcare-related practices.
The property is located at 2575 Spring Arbor Rd Unit 100 in Summit Township, MI 49203. Ample parking supports patient access, while the professionally managed association provides lawn care, snow removal, garbage service, exterior lighting, Comtronics monitoring, water and sewer service, and annual fire extinguisher inspections. The configuration is suited to medical, dental, therapy, and other healthcare-related practices.
Key Highlights
- 1,278 sq. ft. medical office in Summit Woods Professional Park
- Three exam rooms, one private office, reception, and waiting room
- 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
Current Use
Lease Details
1
Office units
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with exam rooms, reception, waiting, private office, and parking in a professionally managed office park.
Where is this medical office space located?
The property is located at 2575 Spring Arbor Rd Unit 100 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; Three exam rooms, one private office, reception, and waiting room; Basement space for storage, records, and mechanical systems
