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    FOR LEASE
    Medical Office Space

    1375 S Lapeer Rd, Orion Twp, MI 48360

    53,039 SF 4.22 ac lot Built 2003
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0228438
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 1375 S Lapeer Rd in Orion Township, MI 48360 (South of Clarkston Road), offers 22,383 square feet of prime space for lease. Built in 2003 and extensively renovated in 2018, the property boasts a modern design and high-quality finishes. The single, two-story building sits on a spacious 6.39-acre lot and provides ample parking with 247 spaces. The flexible floor plan allows for multiple tenancy options, with spaces ranging from a minimum of 754 square feet to a maximum contiguous space of 7,278 square feet. Currently, 22,285 square feet is available for lease. The property is zoned RB Restricted Business and is situated in the desirable Lake Orion submarket within the North Oakland County cluster. Its convenient location and modern amenities make it an ideal setting for a variety of medical practices. The building's excellent condition and ample parking ensure a comfortable and efficient work environment for tenants and their clients. This is a rare opportunity to secure high-quality medical office space in a thriving Oakland County location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2003
    Total area 53,039 SF
    Lot 4.22 ac (183,823 SF)
    Zoning code BI
    APN O -09-14-251-004
    UPID US43-0228438
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Michigan Institute for Advanced Surgery Medical Clinic Hospital
    • NovaCare Rehabilitation - Lake Orion Medical Clinic
    • Lake Orion Diagnostic Imaging Medical Clinic
    • Hanoudi Zaid N MD Pediatrician Physician
    • Larsen Theresa MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $11.95M
    Blend (final) Blend
    $9.76M
    Owner & transaction history
    Kagr Bald Mountain LLC · 4 yrs held
    Kagr Bald Mountain LLC
    since 2021
    5 recorded transactions
    2021
    2017
    2002
    $1.4M
    2002
    2002
    $200,000
    Zoning & alternative use
    BI · Lake Orion, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $9.3M +11.6%
    Restaurant $9.2M +9.7%
    Retail stores $9.0M +6.9%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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