Class A Medical Office
For Sale
Contact for pricing
3985 Okemos Rd, Okemos, MI 48864
Turnkey Class A medical office condo with clinical treatment rooms, dedicated X-ray space, and barrier-free accessibility.
Property Size2,364 SF
Price / SF$0.01
Days on Market146
Property Features for 3985 Okemos Rd
General Information
Standard status
Active
Size
2,364 SF
Class
A
Total Parking Spaces
27
Property subtype
Healthcare, Office
Zoning
PO
Building Details
Building Size
2,364 SF
Year Built
2005
Stories
1
Listing Agency:
RE/MAX COMMERCIAL GROUP
Listed By:
Matthew Wisniewski · License #6501360426
(517) 321-2800
Source:
Cpix.resimplifi
Added: Jun 5
Changed: Oct 25
Last Checked: Oct 28 at 4:53AM
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 COMMERCIAL GROUP
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Investment Insights
Based on property information with market context.
This premium Class A medical and professional office condo was built in 2005 and presented as a turnkey, patient-flow-focused suite. The interior is arranged around a horseshoe layout that connects a spacious client waiting room with a dedicated restroom, an expansive reception area, and centralized file storage. The clinical core includes a three-chair treatment bay, two private treatment rooms, a centralized sterilization lab, and a dedicated X-ray room. Practitioner support is addressed with a private executive office that includes a full bath and shower, along with a separate consultation room. Additional operational amenities include a staff lounge and a laundry room, all maintained as a barrier-free, office-ready environment.
The suite is located at a highly visible, signalized corner across from major Okemos school campuses, with access supported by a professionally maintained rear parking lot for convenient entry.
For specialists or medical practices seeking a purpose-built clinical layout, the existing treatment rooms, sterilization lab, and X-ray room provide a direct fit for healthcare use. A deed restriction prohibits general dentistry, which can make the space particularly suitable for other dental specialty practices and a range of medical and wellness concepts such as med spa or optometry, subject to applicable approvals.
The suite is located at a highly visible, signalized corner across from major Okemos school campuses, with access supported by a professionally maintained rear parking lot for convenient entry.
For specialists or medical practices seeking a purpose-built clinical layout, the existing treatment rooms, sterilization lab, and X-ray room provide a direct fit for healthcare use. A deed restriction prohibits general dentistry, which can make the space particularly suitable for other dental specialty practices and a range of medical and wellness concepts such as med spa or optometry, subject to applicable approvals.
Key Highlights
- 2005‑built Class A medical/professional office condo with turnkey build‑out designed for patient flow and clinical efficiency
- Signalized corner location at Okemos Rd and Bennett Rd, directly across from major Okemos school campuses
- Clinical layout includes a 3‑chair treatment bay, 2 private treatment rooms, centralized sterilization lab, and dedicated X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,800
$398.8K
Cap Rate 7%
$284,857
$284.9K
Cap Rate 9%
$221,556
$221.6K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$42.6K $18.00/SF
− Vacancy
−$9.3K −$3.94/SF
EGI
$33.2K $14.06/SF
− OpEx
−$13.3K −$5.62/SF
NOI
$19.9K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,800
Cap Rate 7%
$284,857
Cap Rate 9%
$221,556
Alternative Uses
Best Use
Healthcare Medical
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 104,947.37%
Second Best
Office B
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 104,947.37%
Theoretical Best
Office A
$379.8K
$332.3K – $443.1K
NOI $26,586 @ 7.0% cap · market cap 139,926.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48864, MI
22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Bennett Road Animal Clinic, Inc. — 2298 Bennett Rd, Okemos, MI 48864
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey Class A medical office condo with clinical treatment rooms, dedicated X-ray space, and barrier-free accessibility.
Where is this medical office space located?
The property is located at 3985 Okemos Rd Okemos, MI.
What are key features of this property?
This property features: 2005‑built Class A medical/professional office condo with turnkey build‑out designed for patient flow and clinical efficiency; Signalized corner location at Okemos Rd and Bennett Rd, directly across from major Okemos school campuses; Clinical layout includes a 3‑chair treatment bay, 2 private treatment rooms, centralized sterilization lab, and dedicated X‑ray room
