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2370 Walton Blvd., Rochester Hills, MI 48309

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For Sale

Contact for pricing

Medical centers

Type:Business for Sale, Office

Property size:

9,035 SF

Price / SF:

$243/SF

HighLights

Property includes a second‑floor medical practice and a first‑floor daycare center.
Established pediatric medical practice provides stable, long‑term tenancy on the second floor.
Medical practice is entering into a new long‑term lease.
First‑floor daycare facility presents an opportunity for a new operator.
Both suites have direct entry from the parking lot.
Property was built in 1967.

We can help!

Contact an agent

Charles Howard

For Sale

Contact for pricing

Medical centers

Type:Business for Sale, Office

Property size:

9,035 SF

Price / SF:

$243/SF

Added:: Sep 13, 2024
Days on Market:: 662
Last Refresh:: May 13 at 8:23 pm

Property Features for 2370 Walton Blvd.

General Information

Standard status: Active
Size: 9,035 SF
Property subtype: Business for Sale, Office

Building Details

Year Built: 1967

We can help!

Contact an agent

Charles Howard

Listing office Transwestern Detroit

Listing date Sep 13, 2024

Source Crexi

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 Transwestern Detroit

HighLights

Property includes a second‑floor medical practice and a first‑floor daycare center.
Established pediatric medical practice provides stable, long‑term tenancy on the second floor.
Medical practice is entering into a new long‑term lease.
First‑floor daycare facility presents an opportunity for a new operator.
Both suites have direct entry from the parking lot.
Property was built in 1967.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$227.7k	$25.20
− Vacancy	−$23.9k	−$2.65
EGI	$203.8k	$22.55
− OpEx	−$81.5k	−$9.02
NOI	$122.3k	$13.53

9,035 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,265 @ 7.0% cap · market cap 5.56%

Second Best

Office B

$444.3K

$388.8K – $518.4K (±1% cap)

NOI $31,103 @ 7.0% cap · market cap 1.41%

Theoretical Best

Specialty Retail

$1.95M

$1.71M – $2.27M (±1% cap)

NOI $136,414 @ 7.0% cap · market cap 6.20%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Medical centers

Suggested Use

Location Insight

Map
Local Demand

City: Rochester Hills
County: Oakland
State: Michigan
Longitude: -83.1807661
Latitude: 42.6815068

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For sale
Medical centers
MI
Rochester Hills
48309
2370 Walton Blvd.

Where is this medical center located?

The property is located at 2370 Walton Blvd. Rochester Hills, MI.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Property includes a second‑floor medical practice and a first‑floor daycare center.; Established pediatric medical practice provides stable, long‑term tenancy on the second floor.; Medical practice is entering into a new long‑term lease.