Animal Hospital Medical
4137 South US 27 Saint Johns, MI 48879
4137 South US 27, Saint Johns, MI, 48879
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For Sale
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Leased animal hospital with a major 2022 renovation and reported 8.75% cap rate profile.
Property Size3,000 SF
Price / SF$266.67
Days on Market48
Property Features for 4137 South US 27
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1974
Listing agency
Matthews
Listed by
Cameron Davodi · License #CA - 02237200
Source
Crexi
Added: Jun 4 Updated: Jul 10 at 1:49PM Checked: Jul 19 at 7:34AM
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 Matthews
Investment Insights
Based on property information with market context.
This property is a specialized medical office configured as an animal hospital. Public remarks indicate the facility underwent $1M+ renovation in 2022, supporting a modernized buildout for veterinary services.
Located at 4137 South US 27 in St Johns, Michigan, the offering is described as the only animal hospital in St Johns. The property is sized at approximately 3,000 square feet.
For buyers seeking a healthcare-oriented, tenant-occupied asset, the combination of veterinary specialization and the stated 2022 renovation may be relevant to an owner-operator or investor evaluating condition and existing functionality. The public remarks also cite an 8.75% cap rate, which should be validated during due diligence. This is a for-sale opportunity built around an established animal hospital use, rather than a generic office layout.
Located at 4137 South US 27 in St Johns, Michigan, the offering is described as the only animal hospital in St Johns. The property is sized at approximately 3,000 square feet.
For buyers seeking a healthcare-oriented, tenant-occupied asset, the combination of veterinary specialization and the stated 2022 renovation may be relevant to an owner-operator or investor evaluating condition and existing functionality. The public remarks also cite an 8.75% cap rate, which should be validated during due diligence. This is a for-sale opportunity built around an established animal hospital use, rather than a generic office layout.
Key Highlights
- Leased animal hospital built in 1974
- Reported 8.75% cap rate profile
- Over $1M renovation completed in 2022
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $19.20 |
| − Vacancy | −$4.6k | −$1.54 |
| EGI | $53.0k | $17.66 |
| − OpEx | −$21.2k | −$7.07 |
| NOI | $31.8k | $10.60 |
3,000 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$454.2K
$397.4K – $529.9K
NOI $31,795 @ 7.0% cap · market cap 3.97%
Second Best
Office B
$397.6K
$347.9K – $463.9K
NOI $27,835 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$610.6K
$534.3K – $712.4K
NOI $42,744 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Leased animal hospital with a major 2022 renovation and reported 8.75% cap rate profile.
Where is this medical center located?
The property is located at 4137 South US 27 Saint Johns, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Leased animal hospital built in 1974; Reported 8.75% cap rate profile; Over $1M renovation completed in 2022
