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    Medical Office and Activity Space Title is generated by Realmo AI

    10350 W 9 Mile Rd, Oak Park, MI 48237

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    New
    For Sale
    $690,000

    Move-in-ready suite with multiple treatment rooms and a full-size activity/gym area for flexible professional use.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:58 am

    Property Features for 10350 W 9 Mile Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Ann Marie C Paris

    Listing agent Ann Marie C Paris

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Ann Marie C Paris

    HighLights

    • 1962‑built commercial property featuring a move‑in‑ready interior layout with an office/reception area and a waiting area
    • Includes large open workspace with extensive counter space plus 2 restrooms, kitchen area, and a utility room
    • 8 private office or treatment rooms, with 4 rooms equipped with sinks for medical, dental, wellness, or professional use
    • Expansive full‑size gym or activity area for fitness, therapy, daycare/child development, or similar uses
    • Newer roof plus furnace and AC, and includes a full fire suppression and security system
    • Asphalt parking lot on site

    Overview

    This move-in-ready commercial property offers a practical layout for a wide range of professional and medical users. Entry opens into a foyer with an office reception window, followed by a second interior door to a spacious waiting area. Beyond the lobby is a large open workspace with extensive counter space for multiple computer workstations, supported by two restrooms, a kitchen area, and a utility room.

    The property also includes two separate hallways leading to eight private office or treatment rooms, with four of those rooms equipped with sinks. A key differentiator is the expansive full-size gym or activity area, providing additional space that can support fitness, therapy, wellness, and other service-based concepts that benefit from dedicated program space.

    Additional improvements and building systems include a newer roof, newer furnace, and AC, along with an asphalt parking lot. The building is equipped with a full fire suppression and security system. With its combination of reception, waiting, private rooms, and a dedicated activity area, the property is well-suited for organizations seeking an all-in-one setup for medical, wellness, learning, or professional services within a business district.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • West Woodward Animal Hospital — 915 W Nine Mile Rd, Ferndale, MI 48220

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1823
    Latitude
    42.4646

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in-ready suite with multiple treatment rooms and a full-size activity/gym area for flexible professional use.
    Where is this medical office space located?
    The property is located at 10350 W 9 Mile Rd Oak Park, MI.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: 1962‑built commercial property featuring a move‑in‑ready interior layout with an office/reception area and a waiting area; Includes large open workspace with extensive counter space plus 2 restrooms, kitchen area, and a utility room; 8 private office or treatment rooms, with 4 rooms equipped with sinks for medical, dental, wellness, or professional use
    (734) 771-6456
    We can help!
    Listing Contact
    Ann Marie C Paris
    Learn More
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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.

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