Newly Built Medical/Office
For Sale
Contact for pricing
6001 Cheshire Park Dr Village of, Clarkston, MI 48346
New medical/office building in Village of Clarkston, Michigan.
Property Size22,000 SF
Price / SF$111.36
Days on Market701
Property Features for 6001 Cheshire Park Dr Village of
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Office
Listing Agency:
NAI Farbman Southfield
(248) 351-4367
Listed By:
Brad Margolis · License #MI 6501371948
Source:
Crexi
Added: Aug 29, 2024
Changed: Jul 6
Last Checked: Jul 30 at 5:17AM
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This is a newly constructed medical/office building. The property is located in the Village of Clarkston, Michigan. The property has a size of 22000 square feet and is suitable for medical or office use.
Key Highlights
- Newly Built Medical / Office Building
- Gorgeous Design
- Ideal for Medical Use
Financial Insights For Office B
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 | $132.0k | $6.00 |
| − Vacancy | −$31.0k | −$1.41 |
| EGI | $101.0k | $4.59 |
| − OpEx | −$25.2k | −$1.15 |
| NOI | $75.7k | $3.44 |
22,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$4.25M
$3.72M – $4.96M
NOI $297,713 @ 7.0% cap · market cap 12.15%
Second Best
Office B
$1.08M
$946.7K – $1.26M
NOI $75,735 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$4.75M
$4.15M – $5.54M
NOI $332,165 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48346, MI
23,058
Population
10,157
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
1,274
Density / Sq Mi
$97,857
Median Household Income
$49,935
Median Earnings
$1,360
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Advanced Pet Care of Oakland — 6378 Sashabaw Rd, Village of Clarkston, MI 48346
- Van Husan Charles R DVM — 6378 Sashabaw Rd, Clarkston, MI 48346, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - New medical/office building in Village of Clarkston, Michigan.
Where is this medical office space located?
The property is located at 6001 Cheshire Park Dr Village of Clarkston, MI.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Newly Built Medical / Office Building; Gorgeous Design; Ideal for Medical Use
