Renovated Medical Office
For Sale
$640,000
B10-940 W Avon Rd, Rochester Hills, MI 48307
A single-story layout includes private rooms, broad interior halls, four bathrooms, and package heating and cooling.
Property Size2,569 SF
Lot Size0.41 Acres
Price / SF$249.12
Days on Market21
Property Features for B10-940 W Avon Rd
General Information
Standard status
Active
Size
2,569 SF
Lot size
0.41 Acres
Zoning
KI
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$9,002
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:
Exprealty
Added: Sep 30
Changed: Oct 19
Last Checked: Oct 19 at 2:40PM
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.
Suite B10 is a renovated medical office condo in Rivercrest Professional Center. The 2,569-square-foot space is arranged with a foyer, spacious halls, multiple private rooms, and four bathrooms. Package heating and cooling systems serve the single-story masonry building, constructed in 1988.
The property is at 940 W Avon Rd in Rochester Hills. It sits on a 0.406-acre site and carries KI zoning. Suite B10 may be acquired separately or together with neighboring Suite B11.
The property is at 940 W Avon Rd in Rochester Hills. It sits on a 0.406-acre site and carries KI zoning. Suite B10 may be acquired separately or together with neighboring Suite B11.
Key Highlights
- 2,569 SF medical office condo
- Renovated interior with foyer, spacious halls, and multiple private rooms
- 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-story layout includes private rooms, broad interior halls, four bathrooms, and package heating and cooling.
Where is this medical office space located?
The property is located at B10-940 W Avon Rd 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 interior with foyer, spacious halls, and multiple private rooms; Four bathrooms
