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    8100-8160 Murphy Dr Howell, MI 48116

    For Sale
    $2,200,000

    8,973 SF Medical Office, NNN Lease

    Property size:
    4,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional free-standing medical office building, located at 8100-8160 Murphy Drive in Brighton, Michigan (zip code 48116), presents a unique investment opportunity. The property boasts a total of 8,973 square feet and is currently configured to accommodate a variety of uses, including retail, office, or medical. A significant portion (4,210 square feet) is currently leased under a 10-year NNN lease to Ross Medical Education, providing immediate income potential for investors. However, the owner retains the option to terminate this lease and utilize the entire 8,973 square feet for their own purposes. The building's prime location within Brighton Towne Square, near the intersection of Grand River Avenue and I-96, offers exceptional visibility and accessibility. This high-traffic area benefits from the proximity of major retailers such as Target, Home Depot, Staples, and MJR Cinema 20, ensuring high foot traffic and brand recognition. The property features multiple points of ingress and egress from Grand River Avenue and Challis Roads, enhancing convenience for both tenants and customers. The asking price for this versatile property is $2,200,000. This presents a compelling opportunity for both owner-occupiers and investors seeking a strong return on investment in a thriving Michigan market.

    Property Features for 8100-8160 Murphy Dr

    General Information

    Property type
    Medical offices
    Square Feet
    4,210 SF

    HighLights

    • 8,973 SF free‑standing building, subdividable to 4,210 SF.
    • Excellent user/investor opportunity: 4,210 SF leased to Ross Medical Education under a new 10‑year NNN lease; option to terminate lease and occupy entire building.
    • Prime location in Brighton Towne Square at Grand River Ave. and I‑96, near Target, Home Depot, Staples, and MJR Cinema 20.
    • Multiple points of ingress/egress from Grand River Ave. and Challis Roads.
    • Suitable for retail, office, or medical use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7968381
    Latitude
    42.5484806

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    FAQs

    What type of property is this?
    Medical office - 8,973 SF Medical Office, NNN Lease
    Where is this medical office located?
    The property is located at 8100-8160 Murphy Dr Howell, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 8,973 SF free-standing building, subdividable to 4,210 SF.; Excellent user/investor opportunity: 4,210 SF leased to Ross Medical Education under a new 10-year NNN lease; option to terminate lease and occupy entire building.; Prime location in Brighton Towne Square at Grand River Ave. and I-96, near Target, Home Depot, Staples, and MJR Cinema 20.
    Request Owner's contact information
    8100-8160 Murphy Dr Howell, MI 48116
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    Howell, MI 48116
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    Realmo Value Estimation

    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.

    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.

    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
    8100-8160 Murphy Dr Howell, MI 48116
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