Medical Office Suite Adjacent
For Sale
$350,000
2609 Electric Avenue, Port Huron, MI 48060
Medical office suite in excellent condition with waiting area, admin office, and multiple exam rooms, plus on-site parking.
Property Size5,780 SF
Price / SF$60.55
Days on Market337
Property Features for 2609 Electric Avenue
General Information
Standard status
Active
Size
5,780 SF
Property subtype
General Commercial
Amenities
3
Composition
104x65x77x38x26x30
Building Details
Year Built
1975
Listing Agency:
Lasco Real Estate Group
(810) 433-9556
Listed By:
Jennifer Lasco · License #6502402604
Source:
Xome
Added: Sep 9, 2025
Changed: Aug 9
Last Checked: Aug 11 at 5:41AM
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 Lasco Real Estate Group
Investment Insights
Based on property information with market context.
This well-maintained medical office suite offers approximately 5,780 square feet and is designed for an efficient, multi-doctor practice. The interior includes a large, welcoming waiting room, a spacious administrative office with built-in desks and filing systems, and numerous patient exam and appointment rooms to support a busy clinic schedule. Neutral decor is in excellent condition, providing a move-in ready environment.
The suite is positioned in the parking lot of Lake Huron Hospital, at 2609 Electric Avenue Unit A in Port Huron, MI 48060. Ample on-site parking is available for both staff and patients, supporting convenient access for everyday visits.
For practitioners seeking a ready-to-operate medical space with a practical exam-room layout, this suite combines dedicated patient-facing areas with established administrative support within an active healthcare setting.
The suite is positioned in the parking lot of Lake Huron Hospital, at 2609 Electric Avenue Unit A in Port Huron, MI 48060. Ample on-site parking is available for both staff and patients, supporting convenient access for everyday visits.
For practitioners seeking a ready-to-operate medical space with a practical exam-room layout, this suite combines dedicated patient-facing areas with established administrative support within an active healthcare setting.
Key Highlights
- 5,780 SF medical office built in 1975 with a layout designed for a multi‑doctor practice
- Includes a large waiting room, spacious administrative office with built‑in desks and filing systems
- Multiple patient exam and appointment rooms to support a busy medical practice
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
$19,898
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
5.69%
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%
$397,960
$398.0K
Cap Rate 7%
$284,257
$284.3K
Cap Rate 9%
$221,089
$221.1K
Market Conditions
NOI Build-Up for 5,780 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
$34.7K $6.00/SF
− Vacancy
−$8.1K −$1.41/SF
EGI
$26.5K $4.59/SF
− OpEx
−$6.6K −$1.15/SF
NOI
$19.9K $3.44/SF
Area
St. Clair 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%
$397,960
Cap Rate 7%
$284,257
Cap Rate 9%
$221,089
Alternative Uses
Best Use
Healthcare Medical
$510.7K
$446.9K – $595.8K
NOI $35,748 @ 7.0% cap · market cap 10.21%
Second Best
Office B
$284.3K
$248.7K – $331.6K
NOI $19,898 @ 7.0% cap · market cap 5.69%
Theoretical Best
Multifamily LT 5
$4.35M
$3.80M – $5.07M
NOI $304,165 @ 7.0% cap · market cap 86.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
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?
Medical center - Medical office suite in excellent condition with waiting area, admin office, and multiple exam rooms, plus on-site parking.
Where is this medical center located?
The property is located at 2609 Electric Avenue Port Huron, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5,780 SF medical office built in 1975 with a layout designed for a multi‑doctor practice; Includes a large waiting room, spacious administrative office with built‑in desks and filing systems; Multiple patient exam and appointment rooms to support a busy medical practice
