Medical Office Suite with
For Sale
$119,000
25650 KELLY RD, Roseville, MI 48066
Well-maintained 1,525 sq. ft. medical office suite with a reception area, four offices, two bathrooms, and storage.
Property Size1,525 SF
Price / SF$78.03
Days on Market27
Property Features for 25650 KELLY RD
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
Central Air
3
Carpet, Ceramic
Flat
Building Details
Year Built
1985
Listing Agency:
Sine & Monaghan LLC
(313) 377-8388
Listed By:
Jeanne Lizza Liddane · License #6501426905
(313) 377-8388
Source:
Xome
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 11 at 5:12AM
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 Sine & Monaghan LLC
Investment Insights
Based on property information with market context.
Well-maintained medical office suite offered for sale with approximately 1,525 square feet of interior space. The layout includes a reception and waiting area, four offices, a kitchen area, and two bathrooms. Three of the offices include sinks, and the suite provides ample storage.
The property is located near major freeways, I-94 and I-696. A monthly maintenance fee of $381 includes common area, cleaning, snow removal, and landscaping. The hot water heater is reported as one year old.
The property is located near major freeways, I-94 and I-696. A monthly maintenance fee of $381 includes common area, cleaning, snow removal, and landscaping. The hot water heater is reported as one year old.
Key Highlights
- 1,525 sq. ft. well‑maintained medical/office suite with a reception area, four offices, and storage
- Layout includes four offices (three with sinks), a kitchen area, and two bathrooms
- Central air and heating system; flooring includes carpet and ceramic
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
$5,250
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
4.41%
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%
$105,000
$105.0K
Cap Rate 7%
$75,000
$75.0K
Cap Rate 9%
$58,333
$58.3K
Market Conditions
NOI Build-Up for 1,525 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
$9.2K $6.00/SF
− Vacancy
−$2.2K −$1.41/SF
EGI
$7.0K $4.59/SF
− OpEx
−$1.7K −$1.15/SF
NOI
$5.2K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$105,000
Cap Rate 7%
$75,000
Cap Rate 9%
$58,333
Alternative Uses
Best Use
Healthcare Medical
$228.4K
$199.9K – $266.5K
NOI $15,988 @ 7.0% cap · market cap 13.44%
Second Best
Office B
$75.0K
$65.6K – $87.5K
NOI $5,250 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$285.5K
$249.8K – $333.1K
NOI $19,985 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
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 units - Well-maintained 1,525 sq. ft. medical office suite with a reception area, four offices, two bathrooms, and storage.
Where is this office units located?
The property is located at 25650 KELLY RD Roseville, MI.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 1,525 sq. ft. well‑maintained medical/office suite with a reception area, four offices, and storage; Layout includes four offices (three with sinks), a kitchen area, and two bathrooms; Central air and heating system; flooring includes carpet and ceramic
