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    1100 Corporate Office Dr Milford, MI 48381

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    For Lease
    Contact for pricing

    Modern medical office space, flexible suites.

    Lot size:
    16,325 SF

    Property Features for 1100 Corporate Office Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,325 SF
    Total Rate
    24487.5

    Building Details

    Year Built/Renovated
    1998/2000
    Stories
    1

    Spaces For Lease

    at 1100 Corporate Office Dr, Milford, MI 48381 Contact us
    Unit Suite 300-A

    $18 /Mo

    Size
    2,277 SF
    Contact us
    Unit Suite 340

    $18 /Mo

    Size
    1,445 SF
    Contact us
    Unit Suite 300A + 300B

    $18 /Mo

    Size
    3,470 SF
    Contact us
    Unit Suite 300-B

    $18 /Mo

    Size
    1,193 SF
    Contact us

    We can help!

    Listing Contact
    Dan Verderbar
    Dan Verderbar

    Listing Agency: Friedman Real Estate Listing Agent: Dan Verderbar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional single-story medical office building, situated on a generous 7.5-acre lot in Milford, Michigan, presents a unique leasing opportunity. Built in 1998 and renovated in 2000, the property boasts 16,325 square feet of total space, offering multiple suites ranging from a minimum of 1,193 square feet to a maximum contiguous space of 3,470 square feet. Currently, 4,915 square feet is available for lease. The building is zoned OS and features ample parking with 75 spaces available for tenants and visitors. The property's address is 1100 Corporate Office Drive, Milford, MI 48381, conveniently located in Oakland County. The building's single-story design provides easy accessibility for patients and staff. The property's APN is 16-22-102-060. This is an ideal location for medical practices seeking modern, well-maintained space in a desirable area. The flexible suite sizes allow for customization to meet the specific needs of various medical businesses. Don't miss this chance to secure prime medical office space in a thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home-Cost Construction Company Knapp Psychological Services Crisis Center Family & Aging Law ... Law Firm Accurate Insulation General Contractor National Energy Foundation- ... Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6148046
    Latitude
    42.5590365

    Nearby Similar for Lease

    • $14 SF/Yr
      8,573 SF

      Milford Office & Medical Suites

      Versatile office and medical suites for lease in Milford, MI.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $24 SF/Yr
      11,800 SF

      Downtown Milford Medical Office

      11,800 SF Medical Office, Ample Parking
      640 Milford Rd, Milford, MI 48381
      View Details

    FAQs

    What type of property is this?
    Medical office - Modern medical office space, flexible suites.
    Where is this medical office located?
    The property is located at 1100 Corporate Office Dr Milford, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Attractive single-story medical office building with I-96 access.; 1,193 to 3,470 square feet of available space.; Modern design with flexible layouts.
    Request Owner's contact information
    1100 Corporate Office Dr Milford, MI 48381
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    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
    1100 Corporate Office Dr Milford, MI 48381
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Verderbar
    Dan Verderbar
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