Medical Office Suite with Clinical
New
For Sale
$215,000
8596 N Canton Center Rd, Canton, MI 48187
Configured healthcare suite with exam rooms, imaging space, laboratory facilities, and accessible features.
Property Size1,200 SF
Days on Market3
Property Features for 8596 N Canton Center Rd
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,303
Amenities
vaulted ceiling
skylight
transaction window
built-in workstations
exam rooms
imaging room
sterilization and lab room
ADA restroom
luxury vinyl plank flooring
clerestory windows
security cameras
ADA ramps
handrails
landscaped park setting
lower level storage
Building Details
Building Size
1,200 SF
Year Built
1978
Stories
1
Construction
brick
Listing Agency:
Keller Williams Legacy
Listed By:
Joe Jomaa · License #6501460348
(313) 752-0000
Source:
Elliman
Added: Sep 1
Last Checked: Sep 2 at 7:41PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This medical office suite occupies a single-story brick building constructed in 1978 and includes an established clinical layout. The interior provides a vaulted waiting area with skylight, reception area with transaction window, administrative office with built-in workstations, four private exam and treatment rooms, and a dedicated imaging room. A sterilization and laboratory room includes built-in cabinetry, a stainless sink, and work counters. Three restrooms are provided, including an ADA restroom with grab bars. Clinical areas use luxury vinyl plank flooring, while office and wet areas have carpet and tile finishes. Clerestory windows add daylight to interior rooms, and emergency lighting, exit signage, and security cameras are installed.
The property is situated in a landscaped professional office park at 8596 N Canton Center Rd in Canton Charter Township, Michigan. ADA ramps, handrails, reserved accessible parking, and abundant on-site parking support visitor and staff access. A full lower level provides storage and staff space. The location records a BikeScore of 68 and a WalkScore of 58.
The property is situated in a landscaped professional office park at 8596 N Canton Center Rd in Canton Charter Township, Michigan. ADA ramps, handrails, reserved accessible parking, and abundant on-site parking support visitor and staff access. A full lower level provides storage and staff space. The location records a BikeScore of 68 and a WalkScore of 58.
Key Highlights
- Four private exam and treatment rooms plus a dedicated imaging room
- Sterilization and lab room with built‑in cabinetry, stainless sink, and work counters
- Three restrooms, including an ADA restroom with grab bars
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
$12,637
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
5.88%
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%
$252,740
$252.7K
Cap Rate 7%
$180,529
$180.5K
Cap Rate 9%
$140,411
$140.4K
Market Conditions
NOI Build-Up for 1,200 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
$24.0K $20.04/SF
− Vacancy
−$3.0K −$2.49/SF
EGI
$21.1K $17.55/SF
− OpEx
−$8.4K −$7.02/SF
NOI
$12.6K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /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%
$252,740
Cap Rate 7%
$180,529
Cap Rate 9%
$140,411
Alternative Uses
Best Use
Healthcare Medical
$180.5K
$158.0K – $210.6K
NOI $12,637 @ 7.0% cap · market cap 5.88%
Second Best
Office B
$59.0K
$51.6K – $68.9K
NOI $4,131 @ 7.0% cap · market cap 1.92%
Theoretical Best
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48187, MI
52,498
Population
20,548
Households
2.6
Avg Household Size
39
Median Age
53%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
2,900
Density / Sq Mi
$117,980
Median Household Income
$60,137
Median Earnings
$1,435
Median Rent
$341,400
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 - Configured healthcare suite with exam rooms, imaging space, laboratory facilities, and accessible features.
Where is this medical office space located?
The property is located at 8596 N Canton Center Rd Canton, MI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four private exam and treatment rooms plus a dedicated imaging room; Sterilization and lab room with built‑in cabinetry, stainless sink, and work counters; Three restrooms, including an ADA restroom with grab bars
