Medical Office Building Across from
For Sale
Contact for pricing
1217 Kearney St, Port Huron, MI 48060
Functional layout supports exam rooms, administrative offices, and shared patient waiting areas.
Property Size3,748 SF
Price / SF$143.81
Days on Market156
Property Features for 1217 Kearney St
General Information
Standard status
Active
Size
3,748 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
1
Tenancy
Multi
Building Size
3,748 SF
Listing Agency:
Kramer Commercial Realty
(810) 531-4090
Listed By:
Korissa Kramer, CCIM · License #MI 6502386241
Source:
Crexi
Added: Mar 30
Changed: Aug 31
Last Checked: Aug 30 at 7:58PM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
The 3,748-square-foot medical office building at 1217 Kearney St was constructed in 1986 and carries I zoning. Its interior arrangement is suited to clinical operations, with space for multiple exam rooms, administrative offices, and a shared patient reception or waiting area.
The property sits directly across from McLaren Port Huron Hospital in an established healthcare setting. Nearby complementary healthcare services and amenities further support its medical-office context, while the location provides convenient access for patients and staff. The building can accommodate medical or professional office use within its existing configuration.
The property sits directly across from McLaren Port Huron Hospital in an established healthcare setting. Nearby complementary healthcare services and amenities further support its medical-office context, while the location provides convenient access for patients and staff. The building can accommodate medical or professional office use within its existing configuration.
Key Highlights
- 3,748‑square‑foot medical office building
- Constructed in 1986
- I zoning
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
$23,181
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
4.30%
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%
$463,620
$463.6K
Cap Rate 7%
$331,157
$331.2K
Cap Rate 9%
$257,567
$257.6K
Market Conditions
NOI Build-Up for 3,748 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
$45.0K $12.00/SF
− Vacancy
−$6.3K −$1.69/SF
EGI
$38.6K $10.31/SF
− OpEx
−$15.5K −$4.12/SF
NOI
$23.2K $6.18/SF
Area
St. Clair County, MI
Vacancy
14.10%
Lease Rate
$12.00 /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%
$463,620
Cap Rate 7%
$331,157
Cap Rate 9%
$257,567
Alternative Uses
Best Use
Healthcare Medical
$331.2K
$289.8K – $386.4K
NOI $23,181 @ 7.0% cap · market cap 4.30%
Second Best
Office B
$184.3K
$161.3K – $215.0K
NOI $12,902 @ 7.0% cap · market cap 2.39%
Theoretical Best
Multifamily LT 5
$2.82M
$2.47M – $3.29M
NOI $197,233 @ 7.0% cap · market cap 36.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
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.
Similar Off Market Nearby
- Lake Huron Veterinary Clinic — 1825 Pine Grove Ave, Port Huron, MI 48060
Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional layout supports exam rooms, administrative offices, and shared patient waiting areas.
Where is this medical office space located?
The property is located at 1217 Kearney St Port Huron, MI.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 3,748‑square‑foot medical office building; Constructed in 1986; I zoning
