Newly Built Medical/Office
6001 Cheshire Park Dr Village of, Clarkston, MI 48346
For Sale
Contact for pricing
New medical/office building in Village of Clarkston, Michigan.
Property Size22,000 SF
Price / SF$111.36
Days on Market803
Property Features for 6001 Cheshire Park Dr Village of
General Information
Standard status
Size
Class
Property subtype
Listing Agency:
NAI Farbman Southfield
Listed By:
Brad Margolis · License #MI 6501371948
(248) 351-4367
Source:
Crexi
Added: Aug 29, 2024
Changed: Nov 3
Last Checked: Nov 8 at 7:00AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$75,735
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,700
$1.5M
Cap Rate 7%
$1,081,929
$1.1M
Cap Rate 9%
$841,500
$841.5K
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$132.0K $6.00/SF
− Vacancy
−$31.0K −$1.41/SF
EGI
$101.0K $4.59/SF
− OpEx
−$25.2K −$1.15/SF
NOI
$75.7K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,700
Cap Rate 7%
$1,081,929
Cap Rate 9%
$841,500
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Under-served
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
$295,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Oakland County, MI
Properties on Market for Medical Office Space in Oakland County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Van Husan Charles R DVM — 6378 Sashabaw Rd, Clarkston, MI 48346, United States
- Advanced Pet Care of Oakland — 6378 Sashabaw Rd, Village of Clarkston, MI 48346
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
