Building Details

Building Size 7,177 SF

Listing Agency: Kramer Commercial Realty

Listed By: Korissa Kramer · License #6502386241 Show Phone

Source: Cpix.resimplifi

Added: Jan 16 Changed: Oct 2 Last Checked: Oct 20 at 5:21PM

Report an Issue

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 Kramer Commercial Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property includes two separate office buildings designed for medical and office use. Building 1 is approximately 3,721 square feet and is currently split into two units, including about 1,860 square feet with full basements. Building 2 is approximately 3,456 square feet and is configured as one medical office building. Each building features a reception area, exam rooms, private offices, and a basement that can support additional storage or operational needs.

The buildings are located on River Road at 4154 River Rd in East China, Michigan. The property’s layout supports multiple office arrangements through the split configuration in Building 1 while maintaining consistent interior components across both buildings.

Key Highlights

• Two office buildings on River Road designed for medical or office use.
• Building 1: approx. 3,721 SF split into 2 units, including approx. 1,860 SF with full basements.
• Building 2: approx. 3,456 SF configured as one medical office building.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,707

Suggested Prices Based on Cap Rates

Cap Rate 5%

$494,140 $494.1K

Cap Rate 7%

$352,957 $353.0K

Cap Rate 9%

$274,522 $274.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 7,177 SF

Gross rent

$43.1K $6.00/SF

− Vacancy

−$10.1K −$1.41/SF

EGI

$32.9K $4.59/SF

− OpEx

−$8.2K −$1.15/SF

NOI

$24.7K $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 Rate 5%

$494,140

Cap Rate 7%

$352,957

Cap Rate 9%

$274,522

Alternative Uses

Best Use

Healthcare Medical

$634.1K

$554.9K – $739.8K (±1% cap)

NOI $44,388 @ 7.0% cap · market cap 317,057.14%

Second Best

Office B

$353.0K

$308.8K – $411.8K (±1% cap)

NOI $24,707 @ 7.0% cap · market cap 176,478.57%

Theoretical Best

Multifamily LT 5

$5.40M

$4.72M – $6.29M (±1% cap)

NOI $377,680 @ 7.0% cap · market cap 2,697,714.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Diehl George F ... Pediatrician Zmiejko John James ... Pediatrician Dr. Aaron R. ... Pediatrician Macdonald James DO Physician David Allen Bailey Physician

Suggested Use

Top Pick Dental Office Plumbing Service Pharmacy Kitchen & Bath Showroom Catering Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Office units

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48054, MI

7,213

Population

3,219

Households

2.2

Avg Household Size

51

Median Age

22%

College-Educated

94%

High-School Grad

40.6 sq mi

ZIP Area

178

Density / Sq Mi

$76,992

Median Household Income

$51,869

Median Earnings

$896

Median Rent

$277,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Two office buildings offering reception, exam rooms, private offices, and basements for added storage or operations.

Where is this medical office space located?

The property is located at 4154 River Rd East China, MI.

What are key features of this property?

This property features: Two office buildings on River Road designed for medical or office use.; Building 1: approx. 3,721 SF split into 2 units, including approx. 1,860 SF with full basements.; Building 2: approx. 3,456 SF configured as one medical office building.