Freestanding Office
For Sale
$375,000
36366 Groesbeck Highway, Clinton Township, MI 48035
COM/IND/BUS OPP, Clinton Township, MI
Property Size2,430 SF
Lot Size0.57 Acres
Price / SF$154.32
Days on Market679
Property Features for 36366 Groesbeck Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Groesbeck Nunneley Sub
Standard status
Active
APN
16-11-28-276-007
Size
2,430 SF
Lot size
0.57 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
large pole signage
Building Details
Year built
1969
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Oct 18, 2024
Changed: Aug 19
Last Checked: Aug 27 at 11:06PM
MLS# 50158708
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office building contains 2,430 square feet on a 0.57-acre parcel. The property also supports retail use and includes prominent pole signage. Originally built in 1969, the building has forced-air heating, central air, and public water service. HVAC was replaced in 2020, followed by a new hot water tank in 2021.
Access is available to Metropolitan Parkway, also identified as 16 Mile Rd, with connectivity to I-94. The property is located at 36366 Groesbeck Highway in Clinton Township, Michigan, within Macomb County.
Access is available to Metropolitan Parkway, also identified as 16 Mile Rd, with connectivity to I-94. The property is located at 36366 Groesbeck Highway in Clinton Township, Michigan, within Macomb County.
Key Highlights
- 2,430 SF freestanding office building on a 0.57‑acre parcel
- Office and retail use configuration
- HVAC replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,260
$359.3K
Cap Rate 7%
$256,614
$256.6K
Cap Rate 9%
$199,589
$199.6K
Market Conditions
NOI Build-Up for 2,430 SF
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.
Gross rent
$29.2K $12.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$25.7K $10.56/SF
− OpEx
−$7.7K −$3.17/SF
NOI
$18.0K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,260
Cap Rate 7%
$256,614
Cap Rate 9%
$199,589
Alternative Uses
Best Use
Retail
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.79%
Second Best
Office B
$119.5K
$104.6K – $139.4K
NOI $8,365 @ 7.0% cap · market cap 2.23%
Theoretical Best
Specialty Retail
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 48035, MI
34,018
Population
15,615
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
3,866
Density / Sq Mi
$69,245
Median Household Income
$41,167
Median Earnings
$1,111
Median Rent
$181,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office and retail configuration with prominent pole signage and convenient access to Metropolitan Parkway and I-94.
Where is this office building located?
The property is located at 36366 Groesbeck Highway Clinton Township, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,430 SF freestanding office building on a 0.57‑acre parcel; Office and retail use configuration; HVAC replaced in 2020
