Brighton Office Building For
For Sale
$550,000
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$275
Days on Market144
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
Listed By:
John Porth · License #6501336460
(248) 476-8661
Source:
Thomasduke
Added: May 21
Changed: Oct 10
Last Checked: Oct 11 at 3:27AM
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 / Yr
$22,300
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
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
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 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 4.05%
Second Best
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 1.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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 $550,000.
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.
