Class A Medical Office
3985 Okemos Rd Okemos, MI 48864
For Sale
$515,000
Turnkey Class A medical office condo with clinical treatment rooms, dedicated X-ray space, and barrier-free accessibility.
Property Size2,364 SF
Price / SF$217.85
Days on Market54
Property Features for 3985 Okemos Rd
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Healthcare, Office
Building Details
Year Built
2005
Listing Agency:
RE/MAX COMMERCIAL GROUP
(517) 321-2800
Listed By:
Matthew Wisniewski · License #6501360426
(517) 321-2800
Source:
Cpix.resimplifi
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 27 at 8:43AM
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
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 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 | $42.6k | $18.00 |
| − Vacancy | −$9.3k | −$3.94 |
| EGI | $33.2k | $14.06 |
| − OpEx | −$13.3k | −$5.62 |
| NOI | $19.9k | $8.43 |
2,364 SF · lease $18.00/SF/yr · vacancy 21.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 3.87%
Second Best
Office B
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$379.8K
$332.3K – $443.1K
NOI $26,586 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 is the asking price?
The asking price for this property is $515,000.
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
