Freestanding Medical Office
For Sale
Contact for pricing
6150 CADIEUX RD, Detroit, MI 48224
Newly constructed freestanding medical office with fully built-out exam and procedure rooms plus ADA-compliant restrooms.
Property Size10,008 SF
Price / SF$197.34
Days on Market61
Property Features for 6150 CADIEUX RD
General Information
Standard status
Active
Size
10,008 SF
Class
A
Property subtype
Office
Zoning
commercial
Lease Type
NNN
Net Operating Income
$158,000
Building Details
Year Built
1967
Year Renovated
2021
Buildings
1
Stories
1
Units
1
Listing Agency:
CRS, Commercial Real Estate Services
Listed By:
Leo Gonzalez · License #MI 6502126741
Source:
Crexi
Added: Jul 7
Changed: Aug 23
Last Checked: Sep 2 at 7:03AM
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 CRS, Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This newly constructed, freestanding medical office building is finished to modern clinical standards and offered for sale. The interior is fully built out for healthcare delivery, including exam rooms, procedure room(s), a nurse station, private offices, a waiting room, ADA-compliant restrooms, and staff break, storage, and laboratory/utility spaces. The property also features dedicated mechanical systems, a new roof, and upgraded electrical capacity to support clinical equipment.
Set on its own lot with an accessible entryway for patients, staff, and deliveries, the building includes ample on-site parking and a clear, street-facing presence.
With a purpose-built layout and updated building systems, the space is designed to support a range of outpatient medical uses, including primary care, specialty practice, urgent care, imaging center, outpatient surgery, or multi-tenant medical operations.
Set on its own lot with an accessible entryway for patients, staff, and deliveries, the building includes ample on-site parking and a clear, street-facing presence.
With a purpose-built layout and updated building systems, the space is designed to support a range of outpatient medical uses, including primary care, specialty practice, urgent care, imaging center, outpatient surgery, or multi-tenant medical operations.
Key Highlights
- Freestanding medical office building on its own lot, purpose‑built for healthcare delivery with clear branding and direct patient access
- Fully built‑out interior with exam rooms, procedure room(s), nurse station, private offices, waiting room, ADA‑compliant restrooms, staff break area, and storage/lab‑utility space
- All systems recently installed, including dedicated mechanical, roof, and electrical systems built to current codes for clinical use
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
$158,941
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
8.05%
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%
$3,178,820
$3.2M
Cap Rate 7%
$2,270,586
$2.3M
Cap Rate 9%
$1,766,011
$1.8M
Market Conditions
NOI Build-Up for 10,008 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
$245.0K $24.48/SF
− Vacancy
−$33.1K −$3.30/SF
EGI
$211.9K $21.18/SF
− OpEx
−$53.0K −$5.29/SF
NOI
$158.9K $15.88/SF
Area
ZIP 48224
Vacancy
13.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$3,178,820
Cap Rate 7%
$2,270,586
Cap Rate 9%
$1,766,011
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $158,941 @ 7.0% cap · market cap 8.05%
Second Best
Healthcare Medical
$1.72M
$1.51M – $2.01M
NOI $120,657 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$2.52M
$2.21M – $2.95M
NOI $176,704 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Market
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly constructed freestanding medical office with fully built-out exam and procedure rooms plus ADA-compliant restrooms.
Where is this medical office space located?
The property is located at 6150 CADIEUX RD Detroit, MI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Freestanding medical office building on its own lot, purpose‑built for healthcare delivery with clear branding and direct patient access; Fully built‑out interior with exam rooms, procedure room(s), nurse station, private offices, waiting room, ADA‑compliant restrooms, staff break area, and storage/lab‑utility space; All systems recently installed, including dedicated mechanical, roof, and electrical systems built to current codes for clinical use
