Medical Office Suite with
New
For Sale
$87,000
25689 Kelly Unit C-7 Road, Roseville, MI 48066
COM/IND/BUS OPP, Roseville, MI
Property Size1,116 SF
Price / SF$77.96
Days on Market4
Property Features for 25689 Kelly Unit C-7 Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot, Off Street
Subdivision
Kelly Park Macomb Co Condo Plan No 167
Lot features
Bus Service Near Site, Main Street
Standard status
Active
APN
08-14-20-436-007
Size
1,116 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3217
Utilities
Cooling system
Central Air
Water source
Public
Amenities
public restrooms
Building Details
Year built
1984
Listing Agency:
Express Realty, Inc.
(586) 441-4707
Listed By:
Linda Browning · License #6506045330
(248) 930-8896
Added: Aug 28
Last Checked: Aug 31 at 11:06AM
MLS# 50220190
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,116-square-foot medical office suite includes a reception area, two separate offices, a large storage closet, and an expansive main area that can accommodate multiple cubicles. The suite is positioned as the first door inside the building’s south entrance, with public restrooms nearby. Central air conditioning and public water serve the space.
The property sits on the Roseville–St. Clair Shores border with access to the I-94 and I-696 expressways. Parking is available in a lot and through off-street spaces. Built in 1984, the suite can support medical or professional office use.
The property sits on the Roseville–St. Clair Shores border with access to the I-94 and I-696 expressways. Parking is available in a lot and through off-street spaces. Built in 1984, the suite can support medical or professional office use.
Key Highlights
- 1,116 SF medical office suite
- Reception area, 2 offices, large storage closet, and expansive main area
- Main area can accommodate multiple cubicles
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
$3,842
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
4.42%
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%
$76,840
$76.8K
Cap Rate 7%
$54,886
$54.9K
Cap Rate 9%
$42,689
$42.7K
Market Conditions
NOI Build-Up for 1,116 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
$6.7K $6.00/SF
− Vacancy
−$1.6K −$1.41/SF
EGI
$5.1K $4.59/SF
− OpEx
−$1.3K −$1.15/SF
NOI
$3.8K $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%
$76,840
Cap Rate 7%
$54,886
Cap Rate 9%
$42,689
Alternative Uses
Best Use
Healthcare Medical
$167.1K
$146.3K – $195.0K
NOI $11,700 @ 7.0% cap · market cap 13.45%
Second Best
Office B
$54.9K
$48.0K – $64.0K
NOI $3,842 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$208.9K
$182.8K – $243.8K
NOI $14,625 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Flexible office layout includes private rooms, storage, central air, and nearby public restrooms.
Where is this medical office space located?
The property is located at 25689 Kelly Unit C-7 Road Roseville, MI.
What is the asking price?
The asking price for this property is $87,000.
What are key features of this property?
This property features: 1,116 SF medical office suite; Reception area, 2 offices, large storage closet, and expansive main area; Main area can accommodate multiple cubicles
