Turn-Key Medical Office
For Sale
$375,000
16520 Nineteen Mile Road Clinton, Clinton Township, MI 48038
Turn-key medical office condo offering 2,370 SF near Henry Ford Macomb Hospital within a quarter mile.
Property Size2,370 SF
Price / SF$158.23
Days on Market222
Property Features for 16520 Nineteen Mile Road Clinton
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Building Size
2,370 SF
Listed By:
Mike Valant
(248) 885-1395
Source:
Nmrk
Added: Mar 7
Changed: Oct 15
Last Checked: Oct 14 at 9:35PM
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 Mike Valant
Investment Insights
Based on property information with market context.
This 2,370 SF, turn-key medical office condo is set up for immediate occupancy. The space is offered as a condo unit, designed specifically for medical office use.
The property is located within a quarter mile of Henry Ford Macomb Hospital in Clinton Township, supporting convenient access for patients and staff.
As a turn-key medical office condo, the unit is positioned to minimize downtime between taking possession and beginning operations.
The property is located within a quarter mile of Henry Ford Macomb Hospital in Clinton Township, supporting convenient access for patients and staff.
As a turn-key medical office condo, the unit is positioned to minimize downtime between taking possession and beginning operations.
Key Highlights
- 2,370 SF turn‑key medical office condo
- Located within a quarter mile of Henry Ford Macomb Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,847
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,940
$496.9K
Cap Rate 7%
$354,957
$355.0K
Cap Rate 9%
$276,078
$276.1K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$5.5K −$2.33/SF
EGI
$41.4K $17.47/SF
− OpEx
−$16.6K −$6.99/SF
NOI
$24.8K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,940
Cap Rate 7%
$354,957
Cap Rate 9%
$276,078
Alternative Uses
Best Use
Healthcare Medical
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 6.63%
Second Best
Office B
$116.6K
$102.0K – $136.0K
NOI $8,159 @ 7.0% cap · market cap 2.18%
Theoretical Best
Specialty Retail
$443.7K
$388.2K – $517.7K
NOI $31,059 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48038, MI
44,038
Population
21,395
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
4,040
Density / Sq Mi
$78,684
Median Household Income
$44,811
Median Earnings
$1,255
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- The Kitty Clinic — 42940 Garfield Rd, Clinton Twp, MI 48038
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key medical office condo offering 2,370 SF near Henry Ford Macomb Hospital within a quarter mile.
Where is this medical office space located?
The property is located at 16520 Nineteen Mile Road Clinton Clinton Township, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,370 SF turn‑key medical office condo; Located within a quarter mile of Henry Ford Macomb Hospital
