Renovated Medical Office
For Sale
$400,000
940 W Avon Rd Unit B11, Rochester Hills, MI 48307
A foyer, reception and waiting area, and several private rooms create a clinical office layout.
Property Size1,500 SF
Price / SF$266.67
Days on Market8
Property Features for 940 W Avon Rd Unit B11
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Zoning
KI
Building Details
Year Built
1988
Stories
1
Construction
masonry
Listing Agency:
Keller Williams Paint Creek
Listed By:
Brock Bean
Source:
Metrodetroithomeguide
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 5 at 7:11PM
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 single-story medical office condominium is a masonry property built in 1988 and has been fully renovated. Its interior includes a foyer, reception and waiting space with a front desk, and multiple private rooms. Building signage is available, and the unit is identified with KI zoning.
The property at 940 W Avon Rd., Unit B11, in Rochester Hills is offered for sale or lease. It may be acquired on its own or together with neighboring Unit B10.
The property at 940 W Avon Rd., Unit B11, in Rochester Hills is offered for sale or lease. It may be acquired on its own or together with neighboring Unit B10.
Key Highlights
- Fully renovated medical office condominium
- Single‑story masonry construction; built in 1988
- Foyer, reception desk, waiting area, and multiple private rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,299
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,980
$406.0K
Cap Rate 7%
$289,986
$290.0K
Cap Rate 9%
$225,544
$225.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$4.0K −$2.65/SF
EGI
$33.8K $22.55/SF
− OpEx
−$13.5K −$9.02/SF
NOI
$20.3K $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%
$405,980
Cap Rate 7%
$289,986
Cap Rate 9%
$225,544
Alternative Uses
Best Use
Healthcare Medical
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 5.07%
Second Best
Office B
$73.8K
$64.6K – $86.1K
NOI $5,164 @ 7.0% cap · market cap 1.29%
Theoretical Best
Specialty Retail
$323.5K
$283.1K – $377.5K
NOI $22,648 @ 7.0% cap · market cap 5.66%
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 foyer, reception and waiting area, and several private rooms create a clinical office layout.
Where is this medical office space located?
The property is located at 940 W Avon Rd Unit B11 Rochester Hills, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fully renovated medical office condominium; Single‑story masonry construction; built in 1988; Foyer, reception desk, waiting area, and multiple private rooms
