Hall Road Commercial
For Sale
$3,500,000
22550 Hall Rd, Clinton Township, MI 48036
Versatile property suitable for office, medical, flex, industrial, retail.
Property Size22,300 SF
Days on Market168
Property Features for 22550 Hall Rd
General Information
Standard status
Active
Size
22,300 SF
Class
B
Property subtype
Office
Building Details
Building Size
22,300 SF
Year Built
1997
Listing Agency:
L. Mason Capitani
(586) 907-7155
Listed By:
Robert Gojcaj · License #6501377415
(586) 907-7155
Source:
Corfac
Added: Mar 5
Changed: Aug 20
Last Checked: Aug 20 at 4:22AM
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 L. Mason Capitani
Investment Insights
Based on property information with market context.
This commercial property, located on North Avenue and Hall Road, is available for lease or sale. The existing layout is configured for general office use, but the property is suitable for medical, flex, industrial, or retail conversions. It features garage space with two overhead doors. The property benefits from outstanding signage and visibility on Hall Road and is easily accessible, located minutes from I-94.
Key Highlights
- Outstanding Hall Road Signage and Visibility
- Easily Accessible – Minutes from I‑94
- Available for Medical, Flex, Industrial or Retail Conversions
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
$253,278
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
7.24%
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%
$5,065,560
$5.1M
Cap Rate 7%
$3,618,257
$3.6M
Cap Rate 9%
$2,814,200
$2.8M
Market Conditions
NOI Build-Up for 22,300 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
$441.5K $19.80/SF
− Vacancy
−$51.9K −$2.33/SF
EGI
$389.7K $17.47/SF
− OpEx
−$136.4K −$6.12/SF
NOI
$253.3K $11.36/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
35.00%
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%
$5,065,560
Cap Rate 7%
$3,618,257
Cap Rate 9%
$2,814,200
Alternative Uses
Best Use
Flex RnD
$3.62M
$3.17M – $4.22M
NOI $253,278 @ 7.0% cap · market cap 7.24%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,244 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $292,244 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Versatile property suitable for office, medical, flex, industrial, retail.
Where is this office building located?
The property is located at 22550 Hall Rd Clinton Township, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Outstanding Hall Road Signage and Visibility; Easily Accessible – Minutes from I‑94; Available for Medical, Flex, Industrial or Retail Conversions
