For Sale
Contact for pricing
2370 Walton Blvd., Rochester Hills, MI 48309
Medical centers
Property Size9,035 SF
Price / SF$243.50
Days on Market754
Property Features for 2370 Walton Blvd.
General Information
Standard status
Active
Size
9,035 SF
Property subtype
Business for Sale, Office
Zoning
Office
Lease Type
NNN
Building Details
Year Built
1967
Year Renovated
2020
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Transwestern Detroit
Listed By:
Charles Howard · License #MI 6506044836
(248) 440-1447
Source:
Crexi
Added: Sep 13, 2024
Changed: Oct 3
Last Checked: Oct 5 at 4:33PM
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 Transwestern Detroit
Investment Insights
Based on property information with market context.
Key Highlights
- Property includes a second‑floor medical practice and a first‑floor daycare center.
- Established pediatric medical practice provides stable, long‑term tenancy on the second floor.
- Medical practice is entering into a new long‑term lease.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,265
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,300
$2.4M
Cap Rate 7%
$1,746,643
$1.7M
Cap Rate 9%
$1,358,500
$1.4M
Market Conditions
NOI Build-Up for 9,035 SF
Gross rent
$227.7K $25.20/SF
− Vacancy
−$23.9K −$2.65/SF
EGI
$203.8K $22.55/SF
− OpEx
−$81.5K −$9.02/SF
NOI
$122.3K $13.53/SF
Area
Oakland County, MI
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,300
Cap Rate 7%
$1,746,643
Cap Rate 9%
$1,358,500
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,265 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,414 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 48309, MI
31,541
Population
11,635
Households
2.7
Avg Household Size
41
Median Age
63%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,022
Density / Sq Mi
$117,788
Median Household Income
$60,689
Median Earnings
$1,625
Median Rent
$394,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Questions? Ask Rey
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Frequently Asked Questions
Where is this medical center located?
The property is located at 2370 Walton Blvd. Rochester Hills, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Property includes a second‑floor medical practice and a first‑floor daycare center.; Established pediatric medical practice provides stable, long‑term tenancy on the second floor.; Medical practice is entering into a new long‑term lease.
