Renovated Stand-Alone Medical
For Sale
$640,000
1095 W Huron St, Waterford, MI 48328
Vacant, move-in-ready facility with updated interiors, four bathrooms, and a separate lower-level entrance.
Property Size4,770 SF
Price / SF$268.34
Days on Market44
Property Features for 1095 W Huron St
General Information
Standard status
Active
Size
4,770 SF
Total Parking Spaces
21
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$650,000
Building Details
Year Built
1970
Year Renovated
2025
Buildings
1
Stories
2
Building Size
4,770 SF
Listing Agency:
R2M Realty
(586) 354-3886
Listed By:
Hassan I Karadsheh · License #6501381029
Source:
Katie-k
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 28 at 1:05PM
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 R2M Realty
Investment Insights
Based on property information with market context.
This stand-alone medical office property contains 4,770 square feet across two levels. The 2,385-square-foot main floor has a front reception area and medical office rooms positioned toward the rear, while the additional 2,385 square feet on the lower level is unfinished and includes its own entrance. The layout supports continued medical or dental use, with storage or future lower-level buildout potential described in the property information.
Renovations completed in 2025 include the roof, windows, flooring, plumbing, electrical panels, light fixtures, interior and exterior paint, ceiling tiles, attic insulation, doors, moldings, stucco or stone façade work, and updates to all 4 bathrooms. The property has 21 newly restriped parking spaces and frontage along W Huron Street, also identified as M-59, near Josephine Ave. Both furnaces are approximately 4 years old.
Renovations completed in 2025 include the roof, windows, flooring, plumbing, electrical panels, light fixtures, interior and exterior paint, ceiling tiles, attic insulation, doors, moldings, stucco or stone façade work, and updates to all 4 bathrooms. The property has 21 newly restriped parking spaces and frontage along W Huron Street, also identified as M-59, near Josephine Ave. Both furnaces are approximately 4 years old.
Key Highlights
- 4,770 Sq Ft medical office building across two levels
- 2,385 Sq Ft renovated main level with reception and medical office areas
- Additional 2,385 Sq Ft unfinished lower level with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,500
$645.5K
Cap Rate 7%
$461,071
$461.1K
Cap Rate 9%
$358,611
$358.6K
Market Conditions
NOI Build-Up for 2,385 SF
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.
Gross rent
$60.1K $25.20/SF
− Vacancy
−$6.3K −$2.65/SF
EGI
$53.8K $22.55/SF
− OpEx
−$21.5K −$9.02/SF
NOI
$32.3K $13.53/SF
Area
Oakland County, MI
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,500
Cap Rate 7%
$461,071
Cap Rate 9%
$358,611
Alternative Uses
Best Use
Healthcare Medical
$461.1K
$403.4K – $537.9K
NOI $32,275 @ 7.0% cap · market cap 5.04%
Second Best
Office B
$117.3K
$102.6K – $136.8K
NOI $8,210 @ 7.0% cap · market cap 1.28%
Theoretical Best
Specialty Retail
$514.4K
$450.1K – $600.2K
NOI $36,010 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant, move-in-ready facility with updated interiors, four bathrooms, and a separate lower-level entrance.
Where is this medical office space located?
The property is located at 1095 W Huron St Waterford, MI.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 4,770 Sq Ft medical office building across two levels; 2,385 Sq Ft renovated main level with reception and medical office areas; Additional 2,385 Sq Ft unfinished lower level with separate entrance
