Turn-Key Medical Office
16540 Nineteen Mile Road Clinton Township, MI 48038
For Sale
$375,000
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 Market140
Property Features for 16540 Nineteen Mile Road
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- Office
Listing Agency:
(248) 885-1395
Listed By:
Mike Valant · License #MI 6502374046
Source:
Nmrk
Added: Mar 7
Changed: Jul 20
Last Checked: Jul 25 at 5:21AM
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 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 | $46.9k | $19.80 |
| − Vacancy | −$5.5k | −$2.33 |
| EGI | $41.4k | $17.47 |
| − OpEx | −$16.6k | −$6.99 |
| NOI | $24.8k | $10.48 |
2,370 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- The Kitty Clinic — 42940 Garfield Rd, Clinton Twp, MI 48038
FAQs
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 16540 Nineteen Mile Road 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
