Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Allen Park Medical Office Space Title is generated by Realmo AI

    8338 Allen Rd, Allen Park, MI 48101

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Turn-key medical office space available for lease.

    Type:Office
    Added:
    Mar 30, 2024
    Days on Market:
    797
    Last Refresh:
    May 12 at 8:38 pm

    Property Features for 8338 Allen Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 8338 Allen Rd Contact us

    Suite #201 $24/Mo

    Size
    1,500 SF
    Type
    Office
    Lease Rate: $24.00/sq. ft. G+U
    Contact us

    We can help!

    Listing Contact
    Bruce Baja
    Bruce Baja

    Listing agent Bruce Baja License #MI 6501279831

    Listing office Signature Associates Southfield

    Listing date Mar 30, 2024

    Source Crexi

    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 Signature Associates Southfield

    HighLights

    • Turn‑key condition, fully updated medical office space
    • Located in a recently constructed Fieldstone building
    • Features four (4) exam rooms and three (3) offices
    • Ample parking available
    • Opportunity to join a thriving medical practice
    • Located in Allen Park

    Overview

    Medical office space is available for lease within a recently constructed Fieldstone building located in Allen Park. The second-floor space is in turn-key condition and features updated interiors. The layout includes four exam rooms and three offices. The property offers ample parking and the opportunity to join a thriving medical practice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jenna Kleiber Physician Dr. Joseph Beaman Pediatrician Donald Welker Pediatrician Moiz Bohra Physician David Dziobak Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Affiliated Veterinary Emergency Service — 15220 Southfield Rd, Allen Park, MI 48101
    • VCA Allen Park Animal Hospital — 6760 allen rd, allen park, mi 48101
    • Nemeth Veterinary Hospital — 5921 Allen Rd, Allen Park, MI 48101
    • Vca Allen Park Animal Hospital: Tams Todd DVM — 5401 allen rd, allen park, mi 48101
    • Healing Care Animal Hospital — 7430 Allen Rd, Allen Park, MI 48101

    Location Insight

    • Map
    • Local Demand
    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.218536
    Latitude
    42.248676

    Nearby Similar for Lease

    • $6,000/Mo
      6,000 SF

      High-Exposure Retail/Office Space Available

      6000 sqft space with high traffic on Southfield Rd.
      6530 ALLEN Rd, Allen Park, MI 48101
      View Details
    • $2,550/Mo

      Visible Office Space on Southfield

      Professional/medical office space with ample parking and high visibility.
      15201 SOUTHFIELD Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing
      605 SF

      Drive-Thru Restaurant Space Available

      605 SF drive-thru in Allen Park, Michigan.
      16006 Southfield Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Retail Center Near Ford HQ

      Retail center with restaurant pad site near Ford World HQ.
      16630 Southfield Rd, Allen Park, MI 48101
      View Details
    • $1,400/Mo
      1,300 SF

      Prime Storefront in Allen Park

      Highly visible 1300 SF storefront in downtown Allen Park.
      6831 ALLEN Road, Allen Park, MI 48101
      View Details
    • Contact for pricing
      5,750 SF

      Retail Space in Fairlane Green

      Retail space available in a premier Metro Detroit shopping center.
      3310 Fairlane Dr, Allen Park, MI
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      3565 Fairlane Dr, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Prime Retail Space in Allen Park

      End-cap space in Fairlane Green near major retailers.
      3165 Fairlane Dr, Allen Park, MI 48101
      View Details
    • $1,050/Mo
      1,050 SF

      Corner Retail Unit For Lease

      End-cap retail unit with open floor plan and great visibility.
      17107 ECORSE Road, Allen Park City, MI 48101
      View Details
    • Contact for pricing
      4,650 SF

      Retail Space in Allen Park

      Retail space available in premier Metro Detroit shopping center.
      3424 Fairlane Dr, Allen Park, MI
      View Details
    • $1,295/Mo
      1,400 SF

      Retail Space with Multiple Possibilities

      Former pharmacy building with multiple use possibilities available for lease.
      14737 CHAMPAIGN Road, Allen Park City, MI 48101
      View Details
    • $10 SF/Yr

      Adaptable Flex Space Available

      Flexible space with ample parking in high-image facility.
      17225 Federal Dr, Allen Park, MI 48101
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Turn-key medical office space available for lease.
    Where is this medical office space located?
    The property is located at 8338 Allen Rd Allen Park, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key condition, fully updated medical office space; Located in a recently constructed Fieldstone building; Features four (4) exam rooms and three (3) offices
    (248) 799-3143 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bruce Baja
    Bruce Baja
    Real Estate License ID: MI 6501279831
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8338 Allen Rd, Allen Park, MI 48101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!