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    5625 Water Tower Pl City Of The Vlg City of the Village of Clarkston, MI 48346

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    For Lease
    Contact for pricing

    Modern Medical Office Suites Available

    Lot size:
    45,000 SF

    Property Features for 5625 Water Tower Pl City Of The Vlg

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,000 SF
    Class
    B
    Total Rate
    59812.5

    Building Details

    Year Built/Renovated
    2002/2023
    Stories
    3

    Spaces For Lease

    at 5625 Water Tower Pl City Of The Vlg, City of the Village of Clarkston, MI 48346 Contact us
    Unit Suite B

    $15 /Mo

    Size
    1,265 SF
    Contact us
    Unit Suite A

    $15 /Mo

    Size
    805 SF
    Contact us
    Unit Suite D

    $15 /Mo

    Size
    1,600 SF
    Contact us

    We can help!

    Listing Contact
    Charles Howard
    Charles Howard

    Listing Agency: Transwestern Detroit Listing Agent: Charles Howard

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

    Learn more

    Overview

    This exceptional three-story Class B medical office building, totaling 45,000 square feet, presents a unique investment opportunity in the thriving City of the Village of Clarkston, Michigan. Conveniently located at 5625 Water Tower Place, near the intersection of Dixie Highway and White Lake Road in Oakland County, this property boasts a prime location with excellent visibility and accessibility. Built in 2002 and extensively renovated in 2023, the building offers modern amenities and updated infrastructure. Multiple tenancy options are available, with suites ranging from 805 to 1,600 square feet, ideal for a variety of medical practices or traditional office uses. The building features a 14-foot ceiling height throughout, providing ample space and flexibility for tenant build-outs. Currently undergoing significant improvements, this property is poised to become a premier medical destination, joining established tenants like McLaren Medical and other leading medical professionals. The zip code is 48346. This is an exceptional opportunity to secure space in a newly renovated, high-demand medical office building in a desirable Oakland County location. Don't miss this chance to be part of a thriving medical community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    City of the Village of Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.43273928209
    Latitude
    42.725381593423

    Nearby Similar for Lease

    • Contact for pricing
      2,847 SF

      Clarkston Office Space for Lease

      Prime Oakland County Office, 2,847 SF Available
      7151 Main St City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    • $19 SF/Yr
      8,100 SF

      Clarkston Executive Office Suite

      1,600 SF Office, Lakeside Location
      6100 Dixie Hwy City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details

    FAQs

    What type of property is this?
    Medical office - Modern Medical Office Suites Available
    Where is this medical office located?
    The property is located at 5625 Water Tower Pl City Of The Vlg City of the Village of Clarkston, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 45,000 SF Class B medical office building in Clarkston, MI.; Located at 5625 Water Tower Place, near Dixie Highway & White Lake Road in Oakland County.; Built in 2002, extensively renovated in 2023.
    (248) 440-1447 Call to check price and availability
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    5625 Water Tower Pl City Of The Vlg City of the Village of Clarkston, MI 48346
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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
    5625 Water Tower Pl City Of The Vlg City of the Village of Clarkston, MI 48346
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    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Howard
    Charles Howard
    Real Estate License ID: 6506044836
    (248) 440-1447 (248) 350-2222
    Learn more
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