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    8100-8160 Murphy Dr Howell, MI 48116

    Sponsored
    For Lease
    $22 SF/Yr ($16,450 /Mo)

    8,973 SF Medical Office Building Available

    Lot size:
    8,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,973-square-foot medical office building, located at 8100-8160 Murphy Drive in Howell, Michigan (zip code 48116), presents a unique leasing opportunity. Situated in Livingston County, this single-suite property offers flexible space options, with a minimum divisible area of 4,210 square feet and a maximum contiguous space of 8,973 square feet. The entire building is currently vacant, providing a blank canvas for a discerning tenant seeking a prominent location. The property is classified as both retail and office space, making it suitable for a variety of medical practices or related businesses. Its convenient location in Howell offers easy access for patients and staff. The address is 8100-8160 Murphy Drive, Brighton, MI 48116. The property's latitude and longitude coordinates are 42.5484806 and -83.7968381 respectively. This presents a rare chance to secure a substantial, fully vacant medical office building in a desirable Michigan location. The property is available for lease and offers a significant opportunity for a business seeking to establish or expand its presence in the area. The building's size and layout provide ample space for a variety of medical uses. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

    Property Features for 8100-8160 Murphy Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,973 SF
    Total Rate
    16450.5

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    4,763 SF
    Rate per SF
    $22

    HighLights

    • 8,973 SF free‑standing building, subdividable to 4,210 SF.
    • Investment opportunity: 4,210 SF leased to Ross Medical Education on a new 10‑year lease; owner can terminate lease and occupy entire building.
    • Excellent location in Brighton Towne Square at Grand River and I‑96, near Target, Home Depot, Staples, and MJR Cinema.
    • Multiple access points from Grand River Ave. and Challis Rd.
    • 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 Building Available
    Where is this medical office located?
    The property is located at 8100-8160 Murphy Dr Howell, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 8,973 SF free-standing building, subdividable to 4,210 SF.; Investment opportunity: 4,210 SF leased to Ross Medical Education on a new 10-year lease; owner can terminate lease and occupy entire building.; Excellent location in Brighton Towne Square at Grand River and I-96, near Target, Home Depot, Staples, and MJR Cinema.
    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

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    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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