Medical Office
45660 Schoenherr Rd, Shelby Township, MI 48315
For Sale
$375,000
Former physical therapy clinic with O-1 zoning and an established office configuration.
Property Size2,437 SF
Price / SF$153.88
Days on Market51
Property Features for 45660 Schoenherr Rd
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Pilot Property Group
Listed By:
Luc Fluent · License #6501405301
(586) 651-3337
Source:
Cpix.resimplifi
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 6 at 5:26AM
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 Pilot Property Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,437 SF medical office property was previously used as a physical therapy clinic. The building dates to 1992 and carries O-1 zoning, supporting its classification as a medical-oriented office asset.
Located at 45660 Schoenherr Rd in Shelby Township, Michigan, the property is available for sale. Its existing office use and prior clinical occupancy provide a straightforward starting point for continued medical or office operations.
Located at 45660 Schoenherr Rd in Shelby Township, Michigan, the property is available for sale. Its existing office use and prior clinical occupancy provide a straightforward starting point for continued medical or office operations.
Key Highlights
- 2,437 SF medical office property
- Former physical therapy clinic use
- O‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,550
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,000
$511.0K
Cap Rate 7%
$365,000
$365.0K
Cap Rate 9%
$283,889
$283.9K
Market Conditions
NOI Build-Up for 2,437 SF
Gross rent
$48.3K $19.80/SF
− Vacancy
−$5.7K −$2.33/SF
EGI
$42.6K $17.47/SF
− OpEx
−$17.0K −$6.99/SF
NOI
$25.5K $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%
$511,000
Cap Rate 7%
$365,000
Cap Rate 9%
$283,889
Alternative Uses
Best Use
Healthcare Medical
$365.0K
$319.4K – $425.8K
NOI $25,550 @ 7.0% cap · market cap 6.81%
Second Best
Office B
$119.8K
$104.9K – $139.8K
NOI $8,389 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$456.2K
$399.2K – $532.3K
NOI $31,937 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48315, MI
28,597
Population
11,252
Households
2.5
Avg Household Size
48
Median Age
33%
College-Educated
92%
High-School Grad
12.9 sq mi
ZIP Area
2,217
Density / Sq Mi
$99,512
Median Household Income
$54,587
Median Earnings
$1,181
Median Rent
$357,700
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Macomb County, MI
Properties on Market for Medical Office Space in Macomb County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Petco Vaccination Clinic — 13701 Lakeside Cir, Sterling Heights, MI 48313
- Banfield Pet Hospital — 45050 Northpointe Blvd, Utica, MI 48315
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former physical therapy clinic with O-1 zoning and an established office configuration.
Where is this medical office space located?
The property is located at 45660 Schoenherr Rd Shelby Township, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,437 SF medical office property; Former physical therapy clinic use; O‑1 zoning
