Medical Office
For Sale
Contact for pricing
5141 Oakman Blvd, Dearborn, MI 48126
Medical office building offering an available medical suite plus overflow parking across the street.
Property Size10,400 SF
Price / SF$0.00
Days on Market274
Property Features for 5141 Oakman Blvd
General Information
Standard status
Active
Size
10,400 SF
Property subtype
Office
Zoning
BA
Site & Location
Neighborhood
Fordson West
Building Details
Building Size
10,400 SF
Listing Agency:
Colliers
Listed By:
Robert Haver
(248) 540-1000
Source:
Cpix.resimplifi
Added: Jan 28
Changed: Oct 25
Last Checked: Oct 28 at 4:56AM
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 Colliers
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Investment Insights
Based on property information with market context.
A 10,400 SF medical office building for sale, with a 5,613 SF medical suite available for lease on a NNN basis. The property currently has 2 existing medical tenants, supporting an owner-user opportunity.
The building is located at 5141 Oakman Blvd in Dearborn, MI, with overflow parking available in a lot across the street. The asking price is $1,450,000, and the estimated NOI is $73,500. The leasing offering is $18 per SF NNN for the available suite.
The building is located at 5141 Oakman Blvd in Dearborn, MI, with overflow parking available in a lot across the street. The asking price is $1,450,000, and the estimated NOI is $73,500. The leasing offering is $18 per SF NNN for the available suite.
Key Highlights
- 10,400 SF medical building for sale
- 5,613 SF medical suite available for lease at $18/SF NNN
- Purchase price: $1,450,000; estimated NOI of $73,500
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,613
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,292,260
$2.3M
Cap Rate 7%
$1,637,329
$1.6M
Cap Rate 9%
$1,273,478
$1.3M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$197.2K $18.96/SF
− Vacancy
−$44.4K −$4.27/SF
EGI
$152.8K $14.69/SF
− OpEx
−$38.2K −$3.67/SF
NOI
$114.6K $11.02/SF
Area
Dearborn, MI
Vacancy
22.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,292,260
Cap Rate 7%
$1,637,329
Cap Rate 9%
$1,273,478
Alternative Uses
Best Use
Healthcare Medical
$1.67M
$1.46M – $1.95M
NOI $117,112 @ 7.0% cap · market cap 650,622.22%
Second Best
Office B
$1.64M
$1.43M – $1.91M
NOI $114,613 @ 7.0% cap · market cap 636,738.89%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,600 @ 7.0% cap · market cap 892,222.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dearborn Veterinarian — 12840 Prospect St, Dearborn, MI 48126
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building offering an available medical suite plus overflow parking across the street.
Where is this medical office space located?
The property is located at 5141 Oakman Blvd Dearborn, MI.
What are key features of this property?
This property features: 10,400 SF medical building for sale; 5,613 SF medical suite available for lease at $18/SF NNN; Purchase price: $1,450,000; estimated NOI of $73,500
