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    37244 S Groesbeck Ct, Unit C Clinton Township, MI 48036

    Sponsored
    For Lease
    $16 SF/Yr ($2,133 /Mo)

    Office - Clinton Township, MI

    Type:Office
    Property size:
    1,600 SF
    Lot size:
    1.01 Acres
    Days on Market:
    80
    Last Refresh:
    Feb 21 at 12:06 am

    Property Features for 37244 S Groesbeck Ct

    General Information

    Property type
    Residential Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Professional Office,Commercial
    APN
    1915-37244-00-1
    Parking features
    Parking Lot
    Interior features
    Internet Available, Fence, Fixtures, Meeting Rooms, Network Wiring Installed, Private Restrooms, Public Restrooms, Reception Area, Restroom(s), Security Equipment, Security Fence Owned, Security Syetem Owned, Separate Meters, Trash Removal
    Exterior features
    Fence, Fence Owned
    Fencing
    Fenced
    Size
    1,600 SF
    Lot size
    1.01 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Humidity Control

    Building Details

    Year built
    1972
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Donelson

    Realty Executives Home Towne (810) 300-1650

    Listing agent Michael Donelson (586) 726-4600 License #6501391695

    Listing date Dec 4, 2025

    MLS# 50195545 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Space For Lease

    Suite C is available for lease in a building zoned for medical and general office use. The Parkway Office Building is a stand-alone structure with high visibility on Groesbeck, which has a traffic count of 28,816 per day. A large private parking lot provides client convenience. The floor plan is versatile, and the unit features 12 ft structural ceilings with built-in drop ceilings. The unit is separately metered for gas and electric. The 1,600 square foot suite includes a new kitchenette, two bathrooms, and a large conference/reception area. It also features four or more large offices. The unit has been remodeled from the ground up within the last 2 years. The air conditioning was replaced in 2021, and the parking lot was resealed in 2024. A large marquis sign is included. The property is located within a mile of McLaren Macomb Hospital and minutes from Henry Ford Macomb Hospital and several major outpatient facilities. The attached vacant lot allows room for creative expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9045
    Latitude
    42.5828

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    FAQs

    What type of property is this?
    Medical office - Office suite available for lease in Clinton Township, Michigan.
    Where is this medical office located?
    The property is located at 37244 S Groesbeck Ct, Unit C Clinton Township, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near McLaren Macomb and Henry Ford Macomb Hospitals, ideal for medical or general office use.; - High visibility with 28,816 vehicles per day on Groesbeck and a huge marquis sign.; - Recently remodeled with a brand new kitchenette, 2 bathrooms, and a large conference/reception area.
    (586) 321-1391
    Request Owner's contact information
    37244 S Groesbeck Ct, Unit C Clinton Township, MI 48036
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    Clinton Township, MI 48036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37244 S Groesbeck Ct, Unit C Clinton Township, MI 48036
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    We can help!
    Listing Contact
    Michael Donelson
    Real Estate License ID: 6501391695
    (586) 321-1391 (586) 726-4600
    Learn more
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