Turn-Key Medical Office
For Sale
$375,000
16540 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 Market158
Property Features for 16540 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
Listing Agency:
(248) 885-1395
Listed By:
Mike Valant · License #MI 6502374046
Source:
Nmrk
Added: Mar 7
Changed: Aug 12
Last Checked: Aug 12 at 4:57AM
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 = 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
$24,847
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
6.63%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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
- 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 16540 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
