Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6001 Cheshire Park Dr Vlg Village of Clarkston, MI 48346

    • Office Properties & Spaces
    • 22,000 SF
    For Sale
    View listing
    $2,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 6001 Cheshire Park Dr Vlg

    Property size
    22,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional newly constructed medical office building, located at 6400 Walden Center Dr / 6001 Cheshire Park Dr in the Village of Clarkston, Michigan, presents a unique investment opportunity. The property boasts a total of 22,000 square feet of high-quality space, ideal for a variety of medical practices or office uses. The asking price is $2,450,000. Suites ranging from 2,750 to 11,000 square feet are available, offering flexibility for businesses of different sizes. Its prime location in Oakland County, directly across from McLaren Clarkston and seconds from I-75, ensures excellent visibility and accessibility. The building features ample parking with convenient ingress and egress, enhancing the overall convenience for patients and staff. The building's modern design and construction provide a professional and welcoming environment. The asking rate is $21.00 per square foot, triple net (NNN). This represents a compelling opportunity to acquire a state-of-the-art medical office building in a thriving Michigan community. The property's strategic location and modern amenities make it an attractive investment for both established and emerging medical practices. The building's design and functionality are optimized for efficiency and patient comfort. Don't miss this chance to own a premier medical office building in a high-demand area. The zip code is 48346.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Village of Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.381
    Latitude
    42.7282

    Comparable in this City

    • Value Estimation by Request
      22,000 SF

      6001 Cheshire Park Dr Vlg

      Medical offices • 22,000 SF
      6001 Cheshire Park Dr Vlg, Village of Clarkston, MI 48346
      View Details
    • Value Estimation by Request
      45,000 SF

      5625 Water Tower Pl City Of The Vlg

      Medical offices • 45,000 SF
      5625 Water Tower Pl City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    • Value Estimation by Request
      2,200 SF

      6751 Dixie Hwy Vlg

      Medical offices • 2,200 SF
      6751 Dixie Hwy Vlg, Village of Clarkston, MI 48346
      View Details
    • Value Estimation by Request
      45,000 SF

      5625 Water Tower Pl City Of The Vlg

      Medical offices • 45,000 SF
      5625 Water Tower Pl City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    • Value Estimation
      $17,155,000
      138,009 SF

      5701 Bow Pointe Dr

      MEDICAL BUILDING • 138,009 SF
      5701 Bow Pointe Dr, Clarkston, MI 48346-3198
      View Details
    • Value Estimation
      $545,000
      3,261 SF

      55 Main St

      DENTAL BUILDING • 3,261 SF
      55 Main St, Clarkston, MI 48346-1527
      View Details

    Similar Nearby for Sale

    • $2,450,000
      22,000 SF

      Clarkston Medical Office Building

      New Medical Office Space Available
      6001 Cheshire Park Dr Vlg, Village of Clarkston, MI 48346
      View Details
    • Contact for pricing
      33,368 SF

      Turn-Key Office and Medical Space

      Office and medical suites available near I-75 and Downtown Clarkston.
      6507-6548 Town Center Dr, Independence, MI 48346
      View Details
    • $950,000
      3,500 SF

      Prime Clarkston Office Space Available

      Pristine office space in desirable Clarkston, near I-75.
      7590 Dixie Hwy, Clarkston, MI 48346
      View Details
    • Contact for pricing
      24,000 SF

      Office Retail Build to Suit

      Office retail space available for build to suit opportunity.
      Waldon Rd, Clarkston, MI 48346
      View Details
    • $599,900

      Land Near I-75 Interstate

      Commercial land for sale with high traffic count.
      000 Dixie Hwy, Clarkston, MI 48346
      View Details
    • $249,900

      Land Near 52nd District Court

      Land suitable for office or medical building near M-15.
      Citation Dr, Clarkston, MI 48346
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      45,000 SF

      Clarkston Medical Office Space

      Modern Medical Office Suites Available
      5625 Water Tower Pl City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    • $3,917 /Mo
      12,226 SF

      Clarkston Medical/Office Suite For Lease

      Professionally managed 2,474 SF medical/office suite available for lease.
      7650 Dixie Hwy, Clarkston, MI 48346
      View Details
    • $21 SF/Yr
      11,000 SF

      Medical/Office Building Near McLaren Clarkston

      Newly built medical/office building, conveniently located near I-75.
      Independence Township, MI 48346
      View Details
    • $20 SF/Yr
      2,582 SF

      Turn-Key Office and Medical Space

      2,582 SF office/medical space in Clarkston, seconds from I-75.
      6507 Town Center Dr, Clarkston, MI 48346
      View Details
    • $1,175 /Mo
      2,663 SF

      Clarkston Commercial Space on Dixie

      Prime commercial lease opportunity in high-traffic Clarkston location.
      5896 Dixie Hwy, Clarkston, MI 48346
      View Details
    • $19 SF/Yr
      8,100 SF

      Clarkston Executive Office Suite

      1,600 SF Office, Lakeside Location
      6100 Dixie Hwy City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6001 Cheshire Park Dr Vlg
    Village of Clarkston, MI 48346
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.