Standalone Medical Office
For Sale
$525,000
Pending
8082 Grand River Rd, Brighton, MI 48114
One-story property with B-2 zoning and an existing chiropractic-office layout.
Property Size2,356 SF
Days on Market71
Property Features for 8082 Grand River Rd
General Information
Standard status
Pending
Size
2,356 SF
Zoning
B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,950
Building Details
Buildings
1
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
RE/MAX Platinum-Hartland
(810) 531-4473
Listed By:
Daniel J Callan · License #6502357281
(810) 531-4473
Source:
Exprealty
Added: Jun 12
Changed: Aug 21
Last Checked: Aug 21 at 7:58AM
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 RE/MAX Platinum-Hartland
Investment Insights
Based on property information with market context.
This one-story medical office building contains 2,356 square feet and is currently configured for chiropractic operations. The property is in very good condition and includes finished interior décor. Its standalone format provides a dedicated commercial setting for an owner-user or other permitted business use under B-2 zoning.
The building is located at 8082 Grand River Rd in Brighton, less than one-half mile from the intersection of I-96 and Grand River Avenue. The property is tenant-occupied, with possession expected at closing or shortly thereafter. Showings require advance notice to coordinate access.
The building is located at 8082 Grand River Rd in Brighton, less than one-half mile from the intersection of I-96 and Grand River Avenue. The property is tenant-occupied, with possession expected at closing or shortly thereafter. Showings require advance notice to coordinate access.
Key Highlights
- 2,356‑square‑foot one‑story medical office building
- Standalone building on Grand River Rd in Brighton
- Current chiropractic‑office configuration
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
$26,269
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
5.00%
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%
$525,380
$525.4K
Cap Rate 7%
$375,271
$375.3K
Cap Rate 9%
$291,878
$291.9K
Market Conditions
NOI Build-Up for 2,356 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
$50.3K $21.36/SF
− Vacancy
−$6.5K −$2.78/SF
EGI
$43.8K $18.58/SF
− OpEx
−$17.5K −$7.43/SF
NOI
$26.3K $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%
$525,380
Cap Rate 7%
$375,271
Cap Rate 9%
$291,878
Alternative Uses
Best Use
Healthcare Medical
$375.3K
$328.4K – $437.8K
NOI $26,269 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$115.9K
$101.4K – $135.2K
NOI $8,111 @ 7.0% cap · market cap 1.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 8537 W Grand River Ave, Brighton, MI 48116
- Woodland Animal Hospital — 7980 Grand River Ave, Brighton, MI 48114
Frequently Asked Questions
What type of property is this?
Medical Office Space - One-story property with B-2 zoning and an existing chiropractic-office layout.
Where is this medical office space located?
The property is located at 8082 Grand River Rd Brighton, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,356‑square‑foot one‑story medical office building; Standalone building on Grand River Rd in Brighton; Current chiropractic‑office configuration
