Property profile

8100-8160 Murphy Dr Howell, MI 48116

OFF-MARKET
Retail properties & Spaces
4,210 SF
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Property summary

AI-generated overview

This exceptional free-standing medical office building, located at 8100-8160 Murphy Drive in Brighton, Michigan (zip code 48116), presents a unique investment opportunity. The property boasts a total of 8,973 square feet and is currently configured to accommodate a variety of uses, including retail, office, or medical. A significant portion (4,210 square feet) is currently leased under a 10-year NNN lease to Ross Medical Education, providing immediate income potential for investors. However, the owner retains the option to terminate this lease and utilize the entire 8,973 square feet for their own purposes. The building's prime location within Brighton Towne Square, near the intersection of Grand River Avenue and I-96, offers exceptional visibility and accessibility. This high-traffic area benefits from the proximity of major retailers such as Target, Home Depot, Staples, and MJR Cinema 20, ensuring high foot traffic and brand recognition. The property features multiple points of ingress and egress from Grand River Avenue and Challis Roads, enhancing convenience for both tenants and customers. The asking price for this versatile property is $2,200,000. This presents a compelling opportunity for both owner-occupiers and investors seeking a strong return on investment in a thriving Michigan market.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,210 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8100-8160 Murphy Dr Howell, MI 48116
Howell metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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