Medical Office with Exam
9400 S Saginaw, Grand Blanc, MI 48439
For Sale
$852,150
Shared office configuration includes reception, staff support space, restrooms, and a break room.
Property Size3,751 SF
Price / SF$227.18
Days on Market109
Property Features for 9400 S Saginaw
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Tenant in Place
Property Use
Medical Specialty
Amenities
reception area
support staff open area
staff bathrooms
break room
Building Details
Tenancy
Listing Agency:
Inca Realty, LLC
(810) 244-6302
Listed By:
Wilson Lahoud · License MI #6501303462
(810) 691-1485
Source:
Jabachler
Added: Jul 29
Changed: Nov 11
Last Checked: Nov 14 at 1:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inca Realty, LLC
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Investment Insights
Based on property information with market context.
The 3,751-square-foot medical office is arranged for shared occupancy, with an OBGYN occupying half of the space. Each tenant is allotted 7–8 exam rooms or offices. Shared areas include reception, an open workspace for support staff, staff bathrooms, and a break room.
The property is at 9400 S Saginaw in Grand Blanc, within Augusta Park #2, and is zoned Commercial. Parking is available at the rear of the building.
The property is at 9400 S Saginaw in Grand Blanc, within Augusta Park #2, and is zoned Commercial. Parking is available at the rear of the building.
Key Highlights
- 3,751‑square‑foot medical office shared with an OBGYN occupying half the space
- Each tenant has 7–8 exam rooms or offices
- Common reception, open support‑staff area, staff bathrooms, and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,536
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,720
$850.7K
Cap Rate 7%
$607,657
$607.7K
Cap Rate 9%
$472,622
$472.6K
Market Conditions
NOI Build-Up for 3,751 SF
Gross rent
$81.0K $21.60/SF
− Vacancy
−$10.1K −$2.70/SF
EGI
$70.9K $18.90/SF
− OpEx
−$28.4K −$7.56/SF
NOI
$42.5K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,720
Cap Rate 7%
$607,657
Cap Rate 9%
$472,622
Alternative Uses
Best Use
Healthcare Medical
$607.7K
$531.7K – $708.9K
NOI $42,536 @ 7.0% cap · market cap 4.99%
Second Best
Office B
$590.3K
$516.5K – $688.7K
NOI $41,322 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$789.3K
$690.7K – $920.9K
NOI $55,252 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Genesee County, MI
Properties on Market for Medical Office Space in Genesee County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Shared office configuration includes reception, staff support space, restrooms, and a break room.
Where is this medical office space located?
The property is located at 9400 S Saginaw Grand Blanc, MI.
What is the asking price?
The asking price for this property is $852,150.
What are key features of this property?
This property features: 3,751‑square‑foot medical office shared with an OBGYN occupying half the space; Each tenant has 7–8 exam rooms or offices; Common reception, open support‑staff area, staff bathrooms, and break room
