Assisted Living
New
For Sale
$1,200,000
8541 N Eston Rd, Clarkston, MI 48348
The property combines single bedrooms with three self-contained upstairs apartments and has a natural gas generator.
Property Size8,060 SF
Days on Market6
Property Features for 8541 N Eston Rd
General Information
Standard status
Active
Size
8,060 SF
Property subtype
Investment
Zoning
PUD
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$10,050
Amenities
natural gas generator
Building Details
Building Size
8,060 SF
Year Built
1920
Units
21
Listed By:
Larry Williams · License #6501327788
(248) 917-2323
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 9:25AM
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 Larry Williams
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.
Configured for residential care, the property has 18 single bedrooms, five bathrooms, and four lavatories. Three upstairs apartments each include a bedroom, bathroom, kitchen, and living room. A natural gas generator, furniture, and kitchen and laundry appliances are included. The grounds extend across nearly 2 acres, with lake access, partial fencing, and a large parking area behind the building.
The property was state licensed for assisted living four years ago and is zoned PUD (Planned Unit Development) with the City of Clarkston. Its layout includes both individual bedrooms and separate apartment accommodations.
The property was state licensed for assisted living four years ago and is zoned PUD (Planned Unit Development) with the City of Clarkston. Its layout includes both individual bedrooms and separate apartment accommodations.
Key Highlights
- 18 single bedrooms, five bathrooms, and four lavatories
- Three upper‑level apartments, each with a bedroom, bathroom, kitchen, and living room
- Nearly 2 acres with lake access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,866
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,320
$2.0M
Cap Rate 7%
$1,412,371
$1.4M
Cap Rate 9%
$1,098,511
$1.1M
Market Conditions
NOI Build-Up for 8,060 SF
Gross rent
$187.6K $23.28/SF
− Vacancy
−$7.9K −$0.98/SF
EGI
$179.8K $22.30/SF
− OpEx
−$80.9K −$10.04/SF
NOI
$98.9K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,320
Cap Rate 7%
$1,412,371
Cap Rate 9%
$1,098,511
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,866 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,693 @ 7.0% cap · market cap 10.14%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48348, MI
25,655
Population
9,151
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
33.6 sq mi
ZIP Area
764
Density / Sq Mi
$131,586
Median Household Income
$59,251
Median Earnings
$1,231
Median Rent
$421,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Similar Off Market Nearby
- New Heights Assisted Living — 9402 Michigamme Rd, Village of Clarkston, MI 48348
Frequently Asked Questions
What type of property is this?
Assisted living facility - The property combines single bedrooms with three self-contained upstairs apartments and has a natural gas generator.
Where is this assisted living facility located?
The property is located at 8541 N Eston Rd Clarkston, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 18 single bedrooms, five bathrooms, and four lavatories; Three upper‑level apartments, each with a bedroom, bathroom, kitchen, and living room; Nearly 2 acres with lake access
