Turnkey Medical Office
10424 Pelham Road Unit SourceFi Taylor, MI 48180
10424 Pelham Road Unit SourceFi, Taylor, MI, 48180
$549,999
For Sale
$549,999
Updated medical/professional office includes four exam rooms, laboratory area, and in-house pharmacy setup with about 18 parking spaces.
Property Size2,325 SF
Lot Size0.50 Acres
Price / SF$236.56
Days on Market34
Property Features for 10424 Pelham Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,325 SF
- Lot size
- 0.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Berkshire Hathaway HomeServices Kee Realty Bham
(313) 327-7636
Listed by
Jimmy Berry · License #6501441676
(313) 327-7636
Source
Xome
Added: Jun 18 Updated: Jul 21 at 3:35AM Checked: Jul 21 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Kee Realty Bham
Investment Insights
Based on property information with market context.
Fully updated medical/professional office on nearly half an acre, offered as a turnkey facility. The interior layout includes four exam rooms, a private provider office, a laboratory area, and a spacious waiting room. Additional improvements include a large kitchen/break area and abundant storage throughout, supported by recent interior updates such as new flooring, new cabinetry, fresh paint, and modern finishes. An in-house pharmacy setup is included, making the building well-suited for healthcare-related operations.
The property is located along a high-traffic corridor in Taylor and provides approximately 18 parking spaces. The layout is described as flexible enough to accommodate uses beyond medical, including professional office, wellness, therapy, dental, specialty services, and administrative headquarters.
This offering is designed for an owner-user or investor seeking a move-in-ready facility with key infrastructure already in place.
The property is located along a high-traffic corridor in Taylor and provides approximately 18 parking spaces. The layout is described as flexible enough to accommodate uses beyond medical, including professional office, wellness, therapy, dental, specialty services, and administrative headquarters.
This offering is designed for an owner-user or investor seeking a move-in-ready facility with key infrastructure already in place.
Key Highlights
- Fully updated medical/professional office on nearly half an acre along a high‑traffic corridor in Taylor
- 4 exam rooms plus a private provider office and a laboratory area
- Spacious waiting room, large kitchen/break area, and abundant storage space
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $20.04 |
| − Vacancy | −$5.8k | −$2.49 |
| EGI | $40.8k | $17.55 |
| − OpEx | −$16.3k | −$7.02 |
| NOI | $24.5k | $10.53 |
2,325 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$349.8K
$306.1K – $408.1K
NOI $24,484 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$114.3K
$100.1K – $133.4K
NOI $8,004 @ 7.0% cap · market cap 1.46%
Theoretical Best
Specialty Retail
$430.5K
$376.7K – $502.2K
NOI $30,132 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Joseph L. Belcher, ...
Alternative Medicine Practice
Primary Care Center ...
Medical Clinic
Elixir Pharmacy
Pharmacy
Jennifer Simpson
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Updated medical/professional office includes four exam rooms, laboratory area, and in-house pharmacy setup with about 18 parking spaces.
Where is this medical office space located?
The property is located at 10424 Pelham Road Unit SourceFi Taylor, MI.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Fully updated medical/professional office on nearly half an acre along a high‑traffic corridor in Taylor; 4 exam rooms plus a private provider office and a laboratory area; Spacious waiting room, large kitchen/break area, and abundant storage space
