Medical Office Space with
For Sale
Contact for pricing
835 Mason Street C200, Dearborn, MI 48124
Fourteen individual rooms are arranged around shared common and waiting areas for professional services.
Property Size240,100 SF
Price / SF$0.01
Days on Market17
Property Features for 835 Mason Street C200
General Information
Standard status
Active
Size
240,100 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Michigan Business
Additional Details
Office Units
14
Building Details
Year Built
1925
Listing Agency:
Got Key'D Realty
(313) 228-5710
Listed By:
Ali M Beydoun · License #6501394866
(313) 598-5100
Source:
Goodhomemi
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 2:52PM
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 Got Key'D Realty
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 medical office property in Dearborn encompasses approximately 5,000 square feet, with 14 individual rooms alongside a shared common area and a large reception and waiting space. The building dates to 1925.
Located within a downtown Dearborn atrium, the space is configured for professional services, including medical and dental practices, wellness providers, and other office uses.
Located within a downtown Dearborn atrium, the space is configured for professional services, including medical and dental practices, wellness providers, and other office uses.
Key Highlights
- Approximately 5,000 SF of medical office space
- 14 individual rooms available
- Shared common area and reception/waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,646,022
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,920,440
$52.9M
Cap Rate 7%
$37,800,314
$37.8M
Cap Rate 9%
$29,400,244
$29.4M
Market Conditions
NOI Build-Up for 240,100 SF
Gross rent
$4.55M $18.96/SF
− Vacancy
−$1.02M −$4.27/SF
EGI
$3.53M $14.69/SF
− OpEx
−$882.0K −$3.67/SF
NOI
$2.65M $11.02/SF
Area
Dearborn, MI
Vacancy
22.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,920,440
Cap Rate 7%
$37,800,314
Cap Rate 9%
$29,400,244
Alternative Uses
Best Use
Healthcare Medical
$38.62M
$33.80M – $45.06M
NOI $2,703,718 @ 7.0% cap · market cap 180,247.87%
Second Best
Office B
$37.80M
$33.08M – $44.10M
NOI $2,646,022 @ 7.0% cap · market cap 176,401.47%
Theoretical Best
Office A
$52.97M
$46.35M – $61.79M
NOI $3,707,690 @ 7.0% cap · market cap 247,179.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14
Office units
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48124, MI
34,134
Population
14,787
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
3,879
Density / Sq Mi
$78,353
Median Household Income
$49,103
Median Earnings
$1,280
Median Rent
$192,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fourteen individual rooms are arranged around shared common and waiting areas for professional services.
Where is this medical office space located?
The property is located at 835 Mason Street C200 Dearborn, MI.
What are key features of this property?
This property features: Approximately 5,000 SF of medical office space; 14 individual rooms available; Shared common area and reception/waiting space
