Property summary
This exceptional investment opportunity presents a portfolio of two Class A medical office buildings totaling 18,300 square feet, strategically located in the thriving communities of Northville and South Lyon, Michigan. The portfolio boasts a strong 94% occupancy rate, generating a substantial net operating income (NOI) of $254,835 and an attractive 8.22% capitalization rate. One building, situated at 422 N Center St in Northville, is a single-tenant, stabilized property fully occupied by a strong regional medical office operator. This building offers excellent visibility with road-front signage and benefits from its location in a highly desirable area of Michigan, close to Ascension Providence Hospital - Novi. The second building, located at 12660 10 Mile Rd in South Lyon, is a multi-tenant property with 80% occupancy, featuring two national healthcare providers as tenants. This newer construction building is impeccably maintained and enjoys high-end curb appeal and prominent road-front signage. It also benefits from its proximity to major hospitals within a 15-mile radius. The portfolio includes a total of 58 parking spaces and sits on approximately 1.22 acres of land. Both buildings are two stories and feature a mix of square footage ranging from 4,500 to 13,800 square feet. Leases are NNN, with a current lease commencement date of December 2, 2021, and expiration date of December 2, 2026, leaving a remaining lease term of two years. The permitted zoning is OS
Property profile
VerifiedCap rate & NOI
Current use
-
Physician
-
Medical Clinic
-
Medical Clinic
-
Physician
-
Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The PBO District is designed to encourage the grouping of similarly related structures and land uses for offices of one kind or another
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PBO · Northville, MIThe PBO District is designed to encourage the grouping of similarly related structures and land uses for offices of one kind or another
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The PBO District is designed to encourage the grouping of similarly related structures and land uses for offices of one kind or another
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PBO in Northville, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight