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Property profile

2370 Walton Blvd Rochester Hills, MI 48309

Commercial real estate
Property ID
US43-1075186
View Sample
9,035 SF 1.51 ac lot Built 1967
Entity Owned 24-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional two-story medical office building, located at 2370 Walton Blvd in Rochester Hills, Michigan, presents a unique investment opportunity. Boasting 9,035 square feet on a 1.51-acre lot (APN 70-15-08-451-049), the property features two units, ideally suited for continued medical use and potential daycare expansion. Built in 1967 and extensively renovated in 2020, the building is zoned for office use and offers ample parking with direct access to both the upper-level medical practice and the ground-floor daycare. The well-established pediatric medical practice currently occupies the upper level and is prepared to sign a long-term lease, ensuring consistent income. The daycare center on the first floor is in the process of being sold to a new operator, providing further investment potential. This property offers a blend of established income and future growth opportunities in a desirable location within Oakland County, Michigan, with a zip code of 48309. The asking price is $1,800,000. This is a rare chance to acquire a turnkey medical office building with significant upside potential. The property's strong location and recent renovations make it an attractive investment for both seasoned and new investors in the healthcare sector.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Total area 9,035 SF
Lot 1.51 ac (65,776 SF)
Zoning code BI
APN 70-15-08-451-049
UPID US43-1075186

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$305k

Owner & transaction history

since 2001
7 recorded transactions
2013
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Rochester Hills, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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