Renovated Medical Office
New
For Sale
$400,000
940 W Avon Road, Rochester Hills, MI 48307
The clinical layout combines a reception and waiting area with multiple private rooms.
Property Size1,502 SF
Price / SF$266.31
Days on Market6
Property Features for 940 W Avon Road
General Information
Standard status
Active
Size
1,502 SF
Zoning
KI
Building Details
Year Built
1988
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Keller Williams Paint Creek
(248) 609-8000
Listed By:
Brock Bean
(586) 876-1140
Source:
Brendaharrisgroup
Added: Oct 1
Last Checked: Oct 5 at 6:36PM
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 1,502-square-foot medical office condo at 940 W Avon Road, Unit B11, was renovated and is located in a single-story masonry building constructed in 1988. Inside, the suite has a foyer, reception area with front desk and waiting room, and multiple private rooms. Building signage is available, and the unit may be acquired with neighboring Unit B10.
The property is in Rochester Hills and carries KI zoning.
The property is in Rochester Hills and carries KI zoning.
Key Highlights
- Renovated 1,502‑square‑foot medical office condo
- Foyer, reception with front desk and waiting room, plus multiple private rooms
- Single‑story masonry building constructed in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,326
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,520
$406.5K
Cap Rate 7%
$290,371
$290.4K
Cap Rate 9%
$225,844
$225.8K
Market Conditions
NOI Build-Up for 1,502 SF
Gross rent
$37.9K $25.20/SF
− Vacancy
−$4.0K −$2.65/SF
EGI
$33.9K $22.55/SF
− OpEx
−$13.6K −$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%
$406,520
Cap Rate 7%
$290,371
Cap Rate 9%
$225,844
Alternative Uses
Best Use
Healthcare Medical
$290.4K
$254.1K – $338.8K
NOI $20,326 @ 7.0% cap · market cap 5.08%
Second Best
Office B
$73.9K
$64.6K – $86.2K
NOI $5,171 @ 7.0% cap · market cap 1.29%
Theoretical Best
Specialty Retail
$324.0K
$283.5K – $378.0K
NOI $22,678 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - The clinical layout combines a reception and waiting area with multiple private rooms.
Where is this medical office space located?
The property is located at 940 W Avon Road 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: Renovated 1,502‑square‑foot medical office condo; Foyer, reception with front desk and waiting room, plus multiple private rooms; Single‑story masonry building constructed in 1988
