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    2450 Delhi Commerce Dr Delhi charter Township, MI 48842

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    For Lease
    Contact for pricing

    Prime Medical Office Space Available

    Lot size:
    35,793 SF

    Property Features for 2450 Delhi Commerce Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,793 SF
    Class
    B
    Total Rate
    35793

    Spaces For Lease

    at 2450 Delhi Commerce Dr, Delhi charter Township, MI 48842 Contact us
    Unit Suite 9B

    $12 /Mo

    Size
    1,400 SF
    Contact us
    Unit Suite 13

    $12 /Mo

    Size
    2,028 SF
    Contact us

    We can help!

    Listing Contact
    David Robinson
    David Robinson

    Listing Agency: NAI Mid-Michigan Listing Agent: David Robinson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class B medical office building, located at 2450 Delhi Commerce Drive in Holt, Michigan, offers a range of lease options perfectly suited for medical practices of various sizes. The property boasts a total of 35,793 square feet and is comprised of two suites within a larger office center plaza. Currently, 3,428 square feet of space is available for lease, offering flexibility for tenants seeking smaller spaces or larger contiguous areas. The minimum leasable space is 1,400 square feet, while the maximum contiguous space available is 2,028 square feet. This makes it ideal for a variety of medical practices, from solo practitioners to small group practices. The building is situated in Ingham County, within the Delhi Charter Township, offering convenient access to major roadways and a thriving community. The property's "Multiple" tenancy structure provides a diverse and collaborative environment. The zip code is 48842. This is a fantastic opportunity to establish or expand your medical practice in a well-maintained and strategically located building. Inquire today to learn more about the available suites and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Haven Is Your ... Home Health Care Service Chiro-Technology Alternative Medicine Practice Tradesmen International Construction Company Trillium Child and Family ... Crisis Center FedEx Drop Box Postal Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Delhi charter Township
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5267243
    Latitude
    42.6533566

    Nearby Similar for Lease

    • $7,800 /Mo
      152 SF

      Delhi Commerce Park Office Space

      152 sq ft Office Suite Available Now
      2385 Commerce Dr, Delhi Charter Township, MI 48842
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 2450 Delhi Commerce Dr Delhi charter Township, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Class B medical office building totaling 35,793 square feet with 3,428 square feet currently available for lease.; Suite sizes range from a minimum of 1,400 square feet to a maximum contiguous space of 2,028 square feet.; Located at 2450 Delhi Commerce Drive, Holt, MI 48842, offering convenient access to I-96.
    (517) 599-6846 Call to check price and availability
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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
    2450 Delhi Commerce Dr Delhi charter Township, MI 48842
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Robinson
    David Robinson
    Real Estate License ID: 6502386052
    (517) 599-6846
    Learn more
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