Well-Maintained Office/Medical Building For
For Sale
Contact for pricing
25915 Harper Ave, St Clair Shores, MI 48081
Fully occupied office/medical building near I-696 and I-94.
Property Size5,805 SF
Price / SF$172.27
Days on Market173
Property Features for 25915 Harper Ave
General Information
Standard status
Active
Size
5,805 SF
Class
C
Property subtype
Office
Zoning
B-1
Occupancy
100%
Building Details
Year Built
1982
Year Renovated
2025
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
L. Mason Capitani
(248) 637-9700
Listed By:
Robert Gojcaj · License #MI 6501377415
Source:
Crexi
Added: Feb 19
Changed: Aug 7
Last Checked: Aug 10 at 2:41PM
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 is a fully occupied and well-maintained office/medical building. The property is located minutes from both I-696 and I-94. The building has a size of 5805 square feet.
Key Highlights
- Fully occupied, well‑maintained building
- Located minutes from I‑696 and I‑94
- Office/Medical Building
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
$60,860
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
6.09%
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%
$1,217,200
$1.2M
Cap Rate 7%
$869,429
$869.4K
Cap Rate 9%
$676,222
$676.2K
Market Conditions
NOI Build-Up for 5,805 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
$114.9K $19.80/SF
− Vacancy
−$13.5K −$2.33/SF
EGI
$101.4K $17.47/SF
− OpEx
−$40.6K −$6.99/SF
NOI
$60.9K $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%
$1,217,200
Cap Rate 7%
$869,429
Cap Rate 9%
$676,222
Alternative Uses
Best Use
Healthcare Medical
$869.4K
$760.8K – $1.01M
NOI $60,860 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 2.00%
Theoretical Best
Specialty Retail
$1.09M
$950.9K – $1.27M
NOI $76,075 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48081, MI
20,496
Population
9,669
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
5,255
Density / Sq Mi
$75,735
Median Household Income
$51,140
Median Earnings
$1,272
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Andrew Dine — 27120 Harper Ave, St Clair Shores, MI 480811912
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied office/medical building near I-696 and I-94.
Where is this medical office space located?
The property is located at 25915 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Fully occupied, well‑maintained building; Located minutes from I‑696 and I‑94; Office/Medical Building
