Brighton Office Building For
For Sale
$595,000
8050 Grand River, Brighton, MI 48114
Office building with exam rooms, conveniently located near I-96.
Property Size2,000 SF
Lot Size0.92 Acres
Price / SF$297.50
Days on Market99
Property Features for 8050 Grand River
General Information
Standard status
Active
Size
2,000 SF
Class
C
Lot size
0.92 Acres
Property subtype
Office
Building Details
Building Size
2,000 SF
Year Built
1963
Listing Agency:
Thomas A. Duke Company
(248) 476-8661
Listed By:
John Porth
Source:
Thomasduke
Added: May 21
Changed: Aug 26
Last Checked: Aug 25 at 8:32AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This office building is situated on 0.917 acres. The 2,000 square foot building features 6 exam rooms, a breakroom, a doctor's office, and 2 restrooms. The property is located on the southwest corner of Grand River and Herbst, in Brighton Township, approximately 1/2 mile west of I-96. The property is suitable for commercial real estate use, medical office space, and general office spaces.
Key Highlights
- Located on the southwest corner of Grand River and Herbst, offering high visibility.
- Proximity to I‑96 (1/2 mile west) provides convenient access.
- Includes 6 Exam Rooms, suitable for medical or professional services.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,000
$446.0K
Cap Rate 7%
$318,571
$318.6K
Cap Rate 9%
$247,778
$247.8K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$42.7K $21.36/SF
− Vacancy
−$5.6K −$2.78/SF
EGI
$37.2K $18.58/SF
− OpEx
−$14.9K −$7.43/SF
NOI
$22.3K $11.15/SF
Area
Livingston County, MI
Vacancy
13.00%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,000
Cap Rate 7%
$318,571
Cap Rate 9%
$247,778
Alternative Uses
Best Use
Healthcare Medical
$318.6K
$278.8K – $371.7K
NOI $22,300 @ 7.0% cap · market cap 3.75%
Second Best
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 1.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48114, MI
21,222
Population
8,223
Households
2.6
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
29.0 sq mi
ZIP Area
732
Density / Sq Mi
$118,581
Median Household Income
$55,946
Median Earnings
$1,333
Median Rent
$384,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Banfield Pet Hospital — 8537 W Grand River Ave, Brighton, MI 48116
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building with exam rooms, conveniently located near I-96.
Where is this medical office space located?
The property is located at 8050 Grand River Brighton, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Located on the southwest corner of Grand River and Herbst, offering high visibility.; Proximity to I‑96 (1/2 mile west) provides convenient access.; Includes 6 Exam Rooms, suitable for medical or professional services.
