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    950 S Lapeer Rd Oxford, MI 48371

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    950 S Lapeer Rd Oxford, MI 48371

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    • Medical Office Space
    • 1,954 SF
    • 0.46 lot acres
    For Sale
    $499,000
    View Listing →
    Medical/Office Space with Garage For Sale
    $499,000
    1,954 SF

    Medical/Office Space with Garage

    Versatile space ideal for medical or office use.

    950 S LAPEER Road, Oxford, MI 48371
    View Listing
    Property ID
    US43-0023909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Sean Tahaney / Dental Office
    • Stowell Debra / Dental Office
    • Wilson Marylee / Dental Office
    • Trudeau Kim / Dental Office
    • De Long Amy / Dental Office

    Property Details for 950 S Lapeer Rd

    Lot size
    0.46 lot acres
    Property size
    1,954 SF
    Property type
    Medical Office Space

    Description

    This exceptional 1,954 square foot medical office building is strategically located on Lapeer Road in Oxford, Michigan, offering unparalleled visibility and accessibility. Situated on a 0.46-acre lot, the property boasts ample parking for patients and staff. The single-story building features four treatment rooms, each with natural light from strategically placed windows. A spacious waiting area and reception area provide a welcoming environment for clients. Two basements offer significant additional storage space. The building is ideally suited for a variety of medical practices, excluding general dentistry, as a general dental practice is relocating to an adjacent property. The asking price is $585,000. This presents a unique opportunity to acquire a well-maintained, established medical office building in a thriving Oakland County community. The property's prime location on Lapeer Road ensures high visibility and easy access for patients. The combination of ample parking, a large waiting area, and substantial basement storage makes this an attractive investment for medical professionals seeking a turnkey solution. The zip code is 48371.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2533598
    Latitude
    42.8114465

    Comparable in this City

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      Medical/Office Space with Garage

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      950 S Lapeer Rd, Oxford, MI 48371
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      6,054 SF

      Oxford Flex Space with Yard

      6,054 SF flex building with fenced yard for sale.
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      9,057 SF

      High-Visibility Commercial Opportunity on M-24

      Commercial building and residence on 0.92 acres with high visibility.
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      North Oakland County Industrial Land

      Industrial land opportunity in North Oakland County, just off M-24.
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      2.71 Acre Parcel For Sale

      2.71 acre parcel in path of development for sale.
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    • $499,000
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      Medical/Office Space with Garage

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      950 S Lapeer Rd, Oxford, MI 48371
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      9,057 SF

      High-Visibility Commercial Opportunity on M-24

      Commercial building and residence on 0.92 acres with high visibility.
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      6,054 SF flex building with fenced yard for sale.
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      2.71 Acre Parcel For Sale

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    Similar Nearby for Lease

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      Oxford Office Space Available

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      Retail Space in Oxford

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      Oxford Office Space For Lease

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      Oxford Retail Shopping Center Space

      Retail space available in Oxford Retail Shopping Center.
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      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
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      Prime Oxford Commercial Opportunity

      Commercial space for rent on South Lapeer Road.
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    Oxford, MI 48371
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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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