4600 Garfield, Auburn, MI 48611

Building Details

Year Built 2001 More

Buildings 1 More

Listing Agency: Bridges Realtors Show Phone

Listed By: Toby Bridges Show Phone

Source: Jabachler

Added: Apr 9 Changed: Nov 11 Last Checked: Nov 12 at 11:05PM

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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 Bridges Realtors

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This renovated medical office property comprises units 100–300 in the first building of a three-building complex. The 3,600-square-foot layout includes a large lobby, six exam rooms, four bathrooms, a kitchenette, a conference room, and two private offices. The building was constructed in 2001 and has 20 plus parking spots.

The property is near US10. The listing also describes plans to legally separate this building from the larger complex, which includes two vacant lots.

Key Highlights

• 3,600‑square‑foot medical office building
• Six exam rooms and four bathrooms
• Large lobby, kitchenette, conference room, and two private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,214

Cap Rate

8.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,280 $684.3K

Cap Rate 7%

$488,771 $488.8K

Cap Rate 9%

$380,156 $380.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$51.8K $14.40/SF

− Vacancy

−$6.2K −$1.73/SF

EGI

$45.6K $12.67/SF

− OpEx

−$11.4K −$3.17/SF

NOI

$34.2K $9.50/SF

Area

Bay County, MI

Vacancy

12.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,280

Cap Rate 7%

$488,771

Cap Rate 9%

$380,156

Alternative Uses

Best Use

Healthcare Medical

$525.4K

$459.8K – $613.0K (±1% cap)

NOI $36,780 @ 7.0% cap · market cap 9.43%

Second Best

Office B

$488.8K

$427.7K – $570.2K (±1% cap)

NOI $34,214 @ 7.0% cap · market cap 8.78%

Theoretical Best

Office A

$651.7K

$570.2K – $760.3K (±1% cap)

NOI $45,619 @ 7.0% cap · market cap 11.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

North Shore Health ... Medical Clinic Active Community Nursing, ... Home Health Care Service Memorial Healthcare Allergy ... Physician FedEx Drop Box Postal Service Mary Olabisi Hollist Physician

Suggested Use

Top Pick Restaurant Building Supply Auto Parts Store Pharmacy HVAC Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48611, MI

6,482

Population

2,700

Households

2.4

Avg Household Size

43

Median Age

35%

College-Educated

97%

High-School Grad

38.2 sq mi

ZIP Area

170

Density / Sq Mi

$80,511

Median Household Income

$46,432

Median Earnings

$901

Median Rent

$166,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar Off Market Nearby

• Valley Animal Clinic — 937 W Midland Rd, Auburn, MI 48611
• Hooper Carrie DVM — 937 W Midland Rd, Auburn, MI 48611
• Gahrs Cheryl DVM — 937 W Midland Rd, Auburn, MI 48611

Frequently Asked Questions

What type of property is this?

Medical Office Space - A clinical layout pairs exam rooms and private offices with a lobby, conference room, and kitchenette.

Where is this medical office space located?

The property is located at 4600 Garfield Auburn, MI.

What is the asking price?

The asking price for this property is $389,900.

What are key features of this property?

This property features: 3,600‑square‑foot medical office building; Six exam rooms and four bathrooms; Large lobby, kitchenette, conference room, and two private offices