Renovated Office with Built-in
22830 Kelly Rd Eastpointe, MI 48021
22830 Kelly Rd, Eastpointe, MI, 48021
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For Sale
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Renovated office space with top-of-the-line equipment and built-in pool.
Property Size2,730 SF
Price / SF$164.84
Days on Market872
Property Features for 22830 Kelly Rd
General Information
- Standard status
- Active
- Size
- 2,730 SF
- Property subtype
- Office
Listing agency
eXp Realty LLC - Michigan
Listed by
Sotero Lopez II · License #MI 6501379765
Source
Crexi
Added: Mar 1, 2024 Updated: Jul 6 at 8:33AM Checked: Jul 21 at 5:03AM
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 eXp Realty LLC - Michigan
Investment Insights
Based on property information with market context.
This renovated office space, previously Axpert Rehab Aquatics, features top-of-the-line equipment and a built-in pool. The 2,730 square-foot property has been completely renovated from top to bottom. The building includes SportsArt massage chairs, treadmills, bicycles, a Hydroworx EVO aquatic therapy machine, and a trampoline. It also features a washer and dryer. Both bathrooms have showers. The property also includes a large office on the second level with room to expand. The roof and mechanicals are new.
Key Highlights
- Fully equipped, turn‑key physical therapy facility with top‑of‑the‑line equipment, including a Hydroworx EVO Aquatic Therapy machine, SportsArt massage chairs, treadmills, and bicycles.
- Features a built‑in pool designed for aquatic therapy.
- Completely renovated from top to bottom with new mechanicals and roof.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $19.80 |
| − Vacancy | −$6.4k | −$2.33 |
| EGI | $47.7k | $17.47 |
| − OpEx | −$19.1k | −$6.99 |
| NOI | $28.6k | $10.48 |
2,730 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$408.9K
$357.8K – $477.0K
NOI $28,622 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$134.3K
$117.5K – $156.6K
NOI $9,398 @ 7.0% cap · market cap 2.09%
Theoretical Best
Specialty Retail
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rehabilitation centers
Similar For Sale Nearby
FAQs
What type of property is this?
Rehabilitation center - Renovated office space with top-of-the-line equipment and built-in pool.
Where is this rehabilitation center located?
The property is located at 22830 Kelly Rd Eastpointe, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully equipped, turn‑key physical therapy facility with top‑of‑the‑line equipment, including a Hydroworx EVO Aquatic Therapy machine, SportsArt massage chairs, treadmills, and bicycles.; Features a built‑in pool designed for aquatic therapy.; Completely renovated from top to bottom with new mechanicals and roof.
