Medical Office Building For
For Sale
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26210 Harper Ave, St Clair Shores, MI 48081
15,566 SF medical office building with 7.63% CAP rate.
Property Size15,566 SF
Price / SF$152.58
Days on Market528
Property Features for 26210 Harper Ave
General Information
Standard status
Active
Size
15,566 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Units
2
Tenancy
Multi
Listing Agency:
NAI Farbman Southfield
Listed By:
Harrison Yaldoo · License #MI 6501433927
(313) 953-0430
Source:
Crexi
Added: May 13, 2025
Changed: Oct 10
Last Checked: Oct 20 at 5:53PM
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 NAI Farbman Southfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 15,566 square foot medical office building. The property is being offered for sale and has a capitalization rate of 7.63%.
Key Highlights
- Medical Use Designation
- Excellent 7.63% CAP Rate
- Substantial 15,566 SF Size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,196
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,263,920
$3.3M
Cap Rate 7%
$2,331,371
$2.3M
Cap Rate 9%
$1,813,289
$1.8M
Market Conditions
NOI Build-Up for 15,566 SF
Gross rent
$308.2K $19.80/SF
− Vacancy
−$36.2K −$2.33/SF
EGI
$272.0K $17.47/SF
− OpEx
−$108.8K −$6.99/SF
NOI
$163.2K $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 Rate 5%
$3,263,920
Cap Rate 7%
$2,331,371
Cap Rate 9%
$1,813,289
Alternative Uses
Best Use
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $163,196 @ 7.0% cap · market cap 6.87%
Second Best
Office B
$765.5K
$669.8K – $893.1K
NOI $53,586 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,994 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dine Veterinary Hospital — 27120 Harper Ave, St Clair Shores, MI 48081
- Andrew Dine — 27120 Harper Ave, St Clair Shores, MI 480811912
Frequently Asked Questions
What type of property is this?
Medical Office Space - 15,566 SF medical office building with 7.63% CAP rate.
Where is this medical office space located?
The property is located at 26210 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Medical Use Designation; Excellent 7.63% CAP Rate; Substantial 15,566 SF Size
