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    Medical Office Suite with White Box Title is generated by Realmo AI

    40790 GARFIELD Road, Clinton Township, MI 48038

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    Picture of Medical Office Space at 40790 GARFIELD Road, Clinton Township, MI
    For Lease
    $4,000/Mo $16 SF/Yr (calc)

    COMMERCIAL - Clinton Township, MI

    Property size:
    3,000 SF
    Lot size:
    1.80 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    143
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 40790 GARFIELD Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    1117100025
    Size
    3,000 SF
    Lot size
    1.80 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Roof type
    Composition

    We can help!

    Listing Contact
    Alexander Termini

    Listing agent Alexander Termini License #6501392648

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jan 13, 2026

    MLS# 50197413

    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.

    HighLights

    • Well‑maintained plaza with multiple suites available: 1,200; 2,400; 3,000; and 3,600 SF
    • Landlord is willing to white box units
    • Building has forced air heating and central air conditioning
    • Public water service
    • Composition roof
    • Year built: 1988

    Overview

    This leasing offering includes available office/medical suites within a well-maintained plaza. The space has previously served as a ballet and dance studio and also as a chiropractic office, and the landlord is willing to white box the unit to support a tenant’s layout and finish preferences.

    Located at 40790 Garfield Road in Clinton Township, Michigan (Macomb County), the property sits on approximately 1.8 acres. Suite availability is listed in multiple sizes, including 1,200, 2,400, 3,000, and 3,600 square feet.

    These suites can fit a range of medical or office users seeking flexible interior improvements through a white-box configuration. The landlord’s willingness to white box can be helpful for tenants who want to control their buildout while moving into an established, maintained center. Prospective tenants should review the specific available suite size and confirm the white-box scope that will be accommodated for their intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Elizabeth Reinke - Snider Veterinary Services — 39743 Garfield Rd, Clinton Twp, MI 48038
    • Emma Snider - Snider Veterinary Services — 39743 Garfield Rd, Clinton Twp, MI 48038
    • Holly Pope. DVM — 39321 Garfield Rd, Clinton Twp, MI 48038
    • Parkway Vet — Small Animal & Exotic, Parkway Vet Parkway, 39321 Garfield Rd, Clinton Twp, MI 48038
    • Snider Veterinary Services — 39743 Garfield Rd, Clinton Twp, MI 48038

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.951437
    Latitude
    42.597067

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    FAQs

    What type of property is this?
    Medical Office Space - Landlord offers white-box buildout options in a well-maintained plaza with multiple suite sizes.
    Where is this medical office space located?
    The property is located at 40790 GARFIELD Road Clinton Township, MI.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Well‑maintained plaza with multiple suites available: 1,200; 2,400; 3,000; and 3,600 SF; Landlord is willing to white box units; Building has forced air heating and central air conditioning
    (586) 291-0499
    We can help!
    Listing Contact
    Alexander Termini
    Real Estate License ID: 6501392648
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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.

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