Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2287-2301 Milford Rd Highland Charter Township, MI 48357

    Sponsored
    For Sale
    Contact for pricing

    Two-building medical office, 10,654 SF

    Property size:
    10,654 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional investment opportunity presents a two-building medical office complex totaling 10,654 square feet, situated on a 3.21-acre corner lot in Highland Charter Township, Michigan. The property, located at 2287-2301 S Milford Rd, 48357, features two two-story buildings, each approximately 5,500 square feet, connected by a covered walkway. Each building includes an elevator and offers individual suite entrances. The northern building (2287) houses a dental practice occupying approximately 2,500 square feet on the first floor, complete with dental chairs and equipment, and additional office space on the second floor. The southern building (2301) is also configured as office space, with approximately 2,500 square feet on the second floor divided into three large offices. The property boasts abundant parking and is zoned B1. Built in 1999, this Class C property is offered for both sale and lease. The asking price ranges from $1.9 million to $2.8 million, while lease rates range from $11.50 to $15.50 per square foot per month. Its prime location on high-traffic Milford Road, near the General Motors Proving Grounds, ensures excellent visibility and accessibility. This property is part of a three-building portfolio.

    Property Features for 2287-2301 Milford Rd

    General Information

    Property type
    Medical offices
    Square Feet
    10,654 SF
    Class
    C
    Lot Size
    139,828 SF

    Building Details

    Year Built
    1999
    Buildings
    2
    Stories
    2

    HighLights

    • Two‑building, 10,654 SF medical office complex in Highland Charter Township, MI.
    • Each building is approximately 5,500 SF, two stories, with an elevator and connected by a covered walkway.
    • One building houses a dental practice (with equipment) and additional office space.
    • The other building offers office suites. The property sits on a 3.21‑acre lot.
    • Available for sale ($1.9M - $2.8M) or lease ($11.50 - $15.50/SF/year Modified Gross).
    • Features include individual suite entrances, ample parking, and a corner lot on high‑traffic Milford Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Highland Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6150541
    Latitude
    42.6176859

    Nearby Comparable

    • $399,000
      0.50 Acres

      Highland Township Commercial Land

      0.5-acre Pad Site in Maverick Park
      2753 Milford Rd, Highland Charter Township, MI 48357
      View Details
    • $399,000
      0.50 Acres

      Highland Medical Office Pad Site

      0.5-acre medical/commercial lot, $399,000
      2753 Milford Rd, Highland Charter Township, MI 48357
      View Details
    • $399,000
      0.50 Acres

      Highland Commercial Land - Maverick Park

      0.5-acre pad, ready-to-build, motivated seller
      2753 Milford, Highland Charter Township, MI 48357
      View Details
    • $450,000
      1,400 SF

      Highland Industrial Property - Huge Potential

      0.74-acre lot, 1400 sq ft building. Ideal redevelopment.
      1600 Milford Rd, Highland, MI 48357
      View Details
    • $192,000

      Land Near Downtown Milford

      Land ready for development near downtown Milford.
      1646 N Milford Rd, Milford Twp, MI 48381
      View Details
    • $219,000
      1,547 SF

      Office Condo with Storage Suite

      Office condo with storage suite available for sale.
      1550 N Milford Rd, Milford, MI 48381
      View Details
    • $1,300,000
      8,573 SF

      Medical/Dental/Office Building in Milford

      Medical/dental/office building for sale in Milford, Michigan.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $6,950,000
      36,349 SF

      Uptown Village Condos: Milford, MI

      Luxury Condo Portfolio: 17 Units, High ROI
      502 Village Ln, Milford, MI 48381
      View Details
    • $700,000
      1.71 Acres

      Prime Milford Road Commercial Land

      1.71 Acres, Mixed-Use Potential
      815 Milford Milford, Milford Charter Township, MI 48381
      View Details
    • $329,000
      1,503 SF

      Highland Industrial Office Space

      Prime Highland location, 1503 sq ft, immediate possession.
      208 Highland Rd, Highland, MI 48357
      View Details

    Nearby Similar for Sale

    • $1,975,000
      50,672 SF

      Prime Industrial Flex Space Available

      Large Flex Space, Ideal Logistics
      1704 Highland Rd, Highland Charter Township, MI 48356
      View Details
    • $1,975,000
      50,672 SF

      Highland Industrial Warehouse

      50,672 SF Warehouse, $1.975M
      1704 Highland Rd, Highland Charter Township, MI 48356
      View Details

    FAQs

    What type of property is this?
    Medical office - Two-building medical office, 10,654 SF
    Where is this medical office located?
    The property is located at 2287-2301 Milford Rd Highland Charter Township, MI.
    What are key features of this property?
    This property features: Two-building, 10,654 SF medical office complex in Highland Charter Township, MI.; Each building is approximately 5,500 SF, two stories, with an elevator and connected by a covered walkway.; One building houses a dental practice (with equipment) and additional office space.
    Request Owner's contact information
    2287-2301 Milford Rd Highland Charter Township, MI 48357
    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.
    2287-2301 Milford Rd
    Highland Charter Township, MI 48357
    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.

    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
    2287-2301 Milford Rd Highland Charter Township, MI 48357
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.