Medical Office Building with DSO
31700 W 12 Mile Road Farmington Hills, MI 48334
31700 W 12 Mile Road, Farmington Hills, MI, 48334
Contact for pricing
For Sale
Contact for pricing
For sale medical office property backed by a corporate guarantee from a national dental DSO.
Property Size9,800 SF
Price / SF$208.42
Days on Market72
Property Features for 31700 W 12 Mile Road
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1972
Listing agency
ParaSell Inc
(949) 942-6585
Listed by
Scott Reid · License #WA - 21245
Source
Crexi
Added: May 12 Updated: Jul 21 at 2:14AM Checked: Jul 22 at 12:28PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This for-sale medical office building includes a corporate guarantee from a national dental support organization (DSO). The asset is positioned within the medical office and healthcare property category, offering a healthcare-focused tenancy supported by the stated guarantee.
The property is located at 31700 W 12 Mile Road in Farmington Hills, Michigan 48334.
The property is located at 31700 W 12 Mile Road in Farmington Hills, Michigan 48334.
Key Highlights
- Medical office property built in 1972
- Backed by a corporate guarantee from a national dental DSO
Local 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 | $247.0k | $25.20 |
| − Vacancy | −$25.9k | −$2.65 |
| EGI | $221.0k | $22.55 |
| − OpEx | −$88.4k | −$9.02 |
| NOI | $132.6k | $13.53 |
9,800 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.89M
$1.66M – $2.21M
NOI $132,618 @ 7.0% cap · market cap 6.49%
Second Best
Office B
$482.0K
$421.7K – $562.3K
NOI $33,737 @ 7.0% cap · market cap 1.65%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,964 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Crossroads Veterinary Hospice — 33228 W 12 Mile Rd, Farmington Hills, MI 48334
FAQs
What type of property is this?
Medical Office Space - For sale medical office property backed by a corporate guarantee from a national dental DSO.
Where is this medical office space located?
The property is located at 31700 W 12 Mile Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $2,042,553.
What are key features of this property?
This property features: Medical office property built in 1972; Backed by a corporate guarantee from a national dental DSO
