Building Details

Buildings 1

Stories 1

Units 1

Listed By: Evan Osentoski Show Phone

Added: Nov 17, 2025

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,476

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$249,520 $249.5K

Cap Rate 7%

$178,229 $178.2K

Cap Rate 9%

$138,622 $138.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$21.3K $17.04/SF

− Vacancy

−$4.7K −$3.73/SF

EGI

$16.6K $13.31/SF

− OpEx

−$4.2K −$3.33/SF

NOI

$12.5K $9.98/SF

Area

Tuscola County, MI

Vacancy

21.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$249,520

Cap Rate 7%

$178,229

Cap Rate 9%

$138,622

Alternative Uses

Best Use

Office B

$178.2K

$156.0K – $207.9K (±1% cap)

NOI $12,476 @ 7.0% cap · market cap 4.16%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$906.5K

$793.2K – $1.06M (±1% cap)

NOI $63,454 @ 7.0% cap · market cap 21.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Narayan Physical Therapy Medical Clinic Shweta Gore Physician Michelle Joslyn Physician Dipaliben Bhavsar Physician Devashish Tiwari Physician

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

248

Businesses Nearby

Explore this area Business Placement

Demographics for 48723, MI

11,953

Population

5,175

Households

2.3

Avg Household Size

45

Median Age

18%

College-Educated

91%

High-School Grad

131.8 sq mi

ZIP Area

91

Density / Sq Mi

$56,618

Median Household Income

$40,543

Median Earnings

$737

Median Rent

$131,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar For Sale Nearby

See more

Multi-Tenant Office Property in Caro

1184 Cleaver Rd, Caro, MI 48723

Contact for pricing

10,647 SF

View details

Former Liquor Store on Corner

3497 Sanilac Road, Caro, MI 48723

Contact for pricing

1,200 SF

View details

Three-Bay Flex Space

3465 Mertz Road, Caro, MI 48723

$450,000

5,265 SF

View details

Admiral Petroleum Gas Station

1425 W Caro Rd, Caro, MI 48723

$1,095,465

9,000 SF

View details

Executive Medical Office Clinic

705 E Frank St, Caro, MI 48723

Contact for pricing

3,272 SF

View details

Adult Foster Care Residential Facility

3771 Colwood Road, Caro, MI 48723

Contact for pricing

4,536 SF

View details

Duplex Property With Separate Entrance

402 Black Street, Caro, MI 48723

$67,000

View details

Frequently Asked Questions

What type of property is this?

Office property - FORMER MEDICAL OFFICE FOR SALE

Where is this office property located?

The property is located at 1004 West Caro Rd Caro, MI.

What is the asking price?

The asking price for this property is $299,900.