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    1100 Corporate Office Dr Milford, MI 48381
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    Property profile & analytics

    1100 Corporate Office Dr Milford, MI 48381

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    • Office Spaces
    • 16,325 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home-Cost / Construction Company
    • Knapp Psychological Services / Crisis Center / Medical Clinic
    • Family & Aging Law Center PLLC / Law Firm
    • Accurate Insulation / General Contractor / Renovation Specialist
    • National Energy Foundation- MI Office / Charitable Organization / Social Service Agency

    Property Details for 1100 Corporate Office Dr

    Year built
    1998
    Property size
    16,325 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional single-story medical office building, situated on a generous 7.5-acre lot in Milford, Michigan, presents a unique leasing opportunity. Built in 1998 and renovated in 2000, the property boasts 16,325 square feet of total space, offering multiple suites ranging from a minimum of 1,193 square feet to a maximum contiguous space of 3,470 square feet. Currently, 4,915 square feet is available for lease. The building is zoned OS and features ample parking with 75 spaces available for tenants and visitors. The property's address is 1100 Corporate Office Drive, Milford, MI 48381, conveniently located in Oakland County. The building's single-story design provides easy accessibility for patients and staff. The property's APN is 16-22-102-060. This is an ideal location for medical practices seeking modern, well-maintained space in a desirable area. The flexible suite sizes allow for customization to meet the specific needs of various medical businesses. Don't miss this chance to secure prime medical office space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6148
    Latitude
    42.559

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      1050 Corporate Office Dr

      Medical Office Space • 3,500 SF
      1050 Corporate Office Dr, Milford Charter Township, MI 48381
      View Details
    • Value Estimation by Request
      16,662 SF

      1150 Corporate Office Dr

      Medical Office Space • 16,662 SF
      1150 Corporate Office Dr, Milford Charter Township, MI 48381
      View Details
    • Value Estimation by Request
      16,662 SF

      1150 Corporate Office Dr

      Medical Office Space • 16,662 SF
      1150 Corporate Office Dr, Milford Charter Township, MI 48381
      View Details
    • Value Estimation
      $1,860,000
      9,959 SF

      725 Milford Rd

      DENTAL BUILDING • 9,959 SF
      725 Milford Rd, Milford, MI 48381-1536
      View Details
    • Value Estimation
      $1,215,000
      9,438 SF

      1265 Milford Rd

      DENTAL BUILDING • 9,438 SF
      1265 Milford Rd, Milford, MI 48381-1018
      View Details
    • Value Estimation by Request
      13,470 SF

      414 Un St

      MEDICAL BUILDING • 13,470 SF
      414 Un St, Milford, MI 48381-1987
      View Details

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      Downtown Milford Multi-Tenant Office Building

      Multi-tenant office building in downtown Milford for sale.
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    Similar Nearby for Lease

    • $21 SF/Yr
      3,500 SF

      Milford Medical Office Building

      Modern medical office, fully vacant, 3,500 sq ft.
      1050 Corporate Office Dr, Milford Charter Township, MI 48381
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      Milford Office & Medical Suites

      Versatile office and medical suites for lease in Milford, MI.
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      Office Space Available For Lease

      Office property available for lease in Milford, Michigan.
      1100 Corporate Office Dr, Milford, MI 48381
      View Details
    • Contact for pricing

      640 N Milford Rd, Milford, MI 48381

      Retail space
      640 N Milford Rd, Milford, MI 48381
      View Details
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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
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