Renovated Medical Office
For Sale
$640,000
940 W Avon Road B10, Rochester Hills, MI 48307
The clinic suite has multiple private rooms, four bathrooms, and circulation arranged around a foyer and spacious halls.
Property Size2,569 SF
Lot Size0.41 Acres
Price / SF$249.12
Days on Market35
Property Features for 940 W Avon Road B10
General Information
Standard status
Active
Size
2,569 SF
Lot size
0.41 Acres
Property subtype
Commercial
Zoning
KI
Additional Details
Condition
Turnkey
Office Units
1
Property Use
Medical Office
Building Details
Year Built
1988
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Keller Williams Paint Creek
(248) 609-8000
Listed By:
Brock Bean · License #6501462328
(586) 876-1140
Source:
Goodhomemi
Added: Sep 29
Changed: Nov 1
Last Checked: Nov 1 at 12:24AM
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
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Investment Insights
Based on property information with market context.
This 2,569-square-foot medical office condo in Rivercrest Professional Center has been renovated and occupies a single-story masonry building. Its interior includes a foyer, spacious hallways, multiple private rooms, and four bathrooms. Package heating and cooling systems serve the suite, with air conditioning available.
The unit is at 940 W Avon Rd, Suite B10, in Rochester Hills. The building was constructed in 1988 on a 0.406-acre site zoned KI. Suite B10 may be acquired on its own or together with neighboring Suite B11.
The unit is at 940 W Avon Rd, Suite B10, in Rochester Hills. The building was constructed in 1988 on a 0.406-acre site zoned KI. Suite B10 may be acquired on its own or together with neighboring Suite B11.
Key Highlights
- Renovated 2,569 SF medical office condo
- Interior includes multiple private rooms and four bathrooms
- Single‑story masonry building constructed in 1988
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.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Under-served
Demand for This Use
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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
Frequently Asked Questions
What type of property is this?
Medical Office Space - The clinic suite has multiple private rooms, four bathrooms, and circulation arranged around a foyer and spacious halls.
Where is this medical office space located?
The property is located at 940 W Avon Road 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: Renovated 2,569 SF medical office condo; Interior includes multiple private rooms and four bathrooms; Single‑story masonry building constructed in 1988
