Renovated Medical Office
For Sale
$640,000
940 W Avon Rd Unit B10, Rochester Hills, MI 48307
A multi-room layout with four bathrooms supports a range of medical office configurations.
Property Size2,569 SF
Lot Size0.41 Acres
Price / SF$249.12
Days on Market8
Property Features for 940 W Avon Rd Unit B10
General Information
Standard status
Active
Size
2,569 SF
Lot size
0.41 Acres
Property subtype
Commercial
Zoning
KI
Building Details
Year Built
1988
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Keller Williams Paint Creek
Listed By:
Brock Bean
(586) 876-1140
Source:
Metrodetroithomeguide
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 7:29PM
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 Paint Creek
Investment Insights
Based on property information with market context.
This renovated medical office condo offers 2,569 square feet on one level within a masonry building constructed in 1988. Its interior includes a foyer, wide halls, multiple private rooms, and four bathrooms. Package heating and cooling systems serve the suite, which is located at 940 W Avon Rd, Suite B10, in Rochester Hills.
The property occupies a 0.406-acre site and is zoned KI. Suite B10 may be acquired on its own or together with neighboring Suite B11.
The property occupies a 0.406-acre site and is zoned KI. Suite B10 may be acquired on its own or together with neighboring Suite B11.
Key Highlights
- 2,569 SF medical office condo
- Renovated, single‑story suite in a masonry building
- Interior includes a foyer, halls, multiple private rooms, and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,765
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,300
$695.3K
Cap Rate 7%
$496,643
$496.6K
Cap Rate 9%
$386,278
$386.3K
Market Conditions
NOI Build-Up for 2,569 SF
Gross rent
$64.7K $25.20/SF
− Vacancy
−$6.8K −$2.65/SF
EGI
$57.9K $22.55/SF
− OpEx
−$23.2K −$9.02/SF
NOI
$34.8K $13.53/SF
Area
Oakland County, MI
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,300
Cap Rate 7%
$496,643
Cap Rate 9%
$386,278
Alternative Uses
Best Use
Healthcare Medical
$496.6K
$434.6K – $579.4K
NOI $34,765 @ 7.0% cap · market cap 5.43%
Second Best
Office B
$126.3K
$110.6K – $147.4K
NOI $8,844 @ 7.0% cap · market cap 1.38%
Theoretical Best
Specialty Retail
$554.1K
$484.9K – $646.5K
NOI $38,788 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48307, MI
44,673
Population
19,493
Households
2.3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$105,118
Median Household Income
$61,528
Median Earnings
$1,499
Median Rent
$329,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-room layout with four bathrooms supports a range of medical office configurations.
Where is this medical office space located?
The property is located at 940 W Avon Rd Unit B10 Rochester Hills, MI.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,569 SF medical office condo; Renovated, single‑story suite in a masonry building; Interior includes a foyer, halls, multiple private rooms, and four bathrooms
