Medical Condo Complex For
For Sale
Contact for pricing
43150 Dequindre Rd, Sterling Heights, MI 48314
Medical condo complex featuring multiple suites near Corewell Health Beaumont.
Property Size2,800 SF
Price / SF$298.21
Days on Market274
Property Features for 43150 Dequindre Rd
General Information
Standard status
Active
Size
2,800 SF
Class
B
Property subtype
Office
Zoning
O-1
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
L. Mason Capitani
(248) 637-9700
Listed By:
Robert Gojcaj · License #MI 6501377415
Source:
Crexi
Added: Nov 10, 2025
Changed: Aug 8
Last Checked: Aug 10 at 12:27PM
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 property features a medical condo complex for sale, totaling 12,000 square feet across three suites. The property includes a 6,800 square foot turnkey medical suite, a 2,800 square foot physical therapy suite with a hydrotherapy pool, and a 2,400 square foot occupied dental suite. Individual suites are available for sale. The property is located blocks away from Corewell Health Beaumont Troy Hospital and directly across from Corewell Health Urgent Care. Ample parking is available. This location presents an opportunity for a healthcare group, specialty practices, or investors. The property size is 2,800 square feet.
Key Highlights
- 6,800 SF Turnkey Medical Suite Available
- Strategically Located Directly Across From Corewell Health Urgent Care and Blocks Away From Corewell Health Beaumont Troy Hospital
- 2,800 SF Physical Therapy Suite with Hydrotherapy Pool
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
$35,240
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
4.22%
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%
$704,800
$704.8K
Cap Rate 7%
$503,429
$503.4K
Cap Rate 9%
$391,556
$391.6K
Market Conditions
NOI Build-Up for 2,800 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
$63.8K $22.80/SF
− Vacancy
−$5.1K −$1.82/SF
EGI
$58.7K $20.98/SF
− OpEx
−$23.5K −$8.39/SF
NOI
$35.2K $12.59/SF
Area
Sterling Heights, MI
Vacancy
8.00%
Lease Rate
$22.80 /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%
$704,800
Cap Rate 7%
$503,429
Cap Rate 9%
$391,556
Alternative Uses
Best Use
Healthcare Medical
$503.4K
$440.5K – $587.3K
NOI $35,240 @ 7.0% cap · market cap 4.22%
Second Best
Office B
$462.0K
$404.3K – $539.0K
NOI $32,340 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$617.7K
$540.5K – $720.6K
NOI $43,238 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48314, MI
21,614
Population
9,286
Households
2.3
Avg Household Size
44
Median Age
36%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,771
Density / Sq Mi
$80,383
Median Household Income
$46,481
Median Earnings
$1,397
Median Rent
$309,700
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 Office Space - Medical condo complex featuring multiple suites near Corewell Health Beaumont.
Where is this medical office space located?
The property is located at 43150 Dequindre Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 6,800 SF Turnkey Medical Suite Available; Strategically Located Directly Across From Corewell Health Urgent Care and Blocks Away From Corewell Health Beaumont Troy Hospital; 2,800 SF Physical Therapy Suite with Hydrotherapy Pool
