Property profile

800 S Adams Rd Birmingham, MI 48009

FOR LEASE
Office buildings
Property ID
US43-0969962
10,824 SF 0.61 ac lot Built 1959
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office suite, located at 800 S Adams Rd in Birmingham, Michigan, presents a fantastic opportunity for medical professionals seeking a prime location. The suite, identified as Suite 105, offers 1,150 square feet of well-appointed space on the first floor, conveniently situated right off the main lobby. The building itself is a Class B, two-story structure totaling 11,050 square feet, featuring ample on-site parking for both staff and clients. The building includes an elevator for easy access to all floors. This property is ideally situated in downtown Birmingham, offering easy access to numerous amenities within walking distance. The suite is currently built out as a dental office, showcasing Class A finishes, but is adaptable to various medical specialties. The lease rate is $35.95 per square foot, plus utilities and janitorial services. The property is located in Oakland County, Michigan, with a zip code of 48009. This is a rare opportunity to secure a well-located, well-maintained medical office suite in a thriving downtown area. The multiple tenancy building ensures a vibrant and professional atmosphere. Don't miss this chance to establish or expand your practice in a highly desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Total area 10,824 SF
Lot 0.61 ac (26,572 SF)
Zoning code BI
APN 08-19-36-283-009
UPID US43-0969962

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Hair Salon
  • Physician
  • Physician
  • Physician

Location

800 S Adams Rd Birmingham, MI 48009
Birmingham metro Census 152900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$1.65M

Owner & transaction history

since 2007
5 recorded transactions
2020
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Birmingham, MI
Top alternative use upside
Commercial (general) $1.9M +50.2%
Restaurant $1.9M +47.6%
Retail stores $1.8M +43.9%

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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