Brick Medical Office
4710 Garfield Road Unit SourceFi Auburn, MI 48611
For Sale
$325,000
Solid brick building configured as a physical therapist office with plenty of parking.
Property Size1,400 SF
Price / SF$232.14
Days on Market14
Property Features for 4710 Garfield Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing Agency:
(989) 430-1077
Listed By:
Bridges Realtors
(989) 430-1077
Source:
Xome
Added: Jul 14
Changed: Jul 24
Last Checked: Jul 26 at 3:42AM
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
Investment Insights
Based on property information with market context.
This solid brick building is currently set up as a physical therapist office. The property also reflects its prior use as a credit union, offering a practical interior layout for professional office use.
The offering includes plenty of parking, supporting convenient client access.
The property is available for sale.
The offering includes plenty of parking, supporting convenient client access.
The property is available for sale.
Key Highlights
- Solid brick building built in 1978
- Configured for a physical therapist office
- Central air cooling
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 | $25.2k | $18.00 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $23.8k | $17.03 |
| − OpEx | −$9.5k | −$6.81 |
| NOI | $14.3k | $10.22 |
1,400 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$204.3K
$178.8K – $238.4K
NOI $14,304 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$190.1K
$166.3K – $221.8K
NOI $13,306 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aird Garcia Insurance ...
Insurance Agency
Bank of Alma
Bank
Similar Off Market Nearby
- Valley Animal Clinic — 937 W Midland Rd, Auburn, MI 48611
- Gahrs Cheryl DVM — 937 W Midland Rd, Auburn, MI 48611
- Hooper Carrie DVM — 937 W Midland Rd, Auburn, MI 48611
FAQs
What type of property is this?
Medical Office Space - Solid brick building configured as a physical therapist office with plenty of parking.
Where is this medical office space located?
The property is located at 4710 Garfield Road Unit SourceFi Auburn, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Solid brick building built in 1978; Configured for a physical therapist office; Central air cooling
