Office Building with Finished Lower
46819 Garfield Road Macomb Township, MI 48044
46819 Garfield Road, Macomb Township, MI, 48044
$289,900
Pending
For Sale
$289,900
Pending
3,400 sq. ft. office building with a private-entry first floor and fully finished lower level, plus ample parking.
Property Size3,400 SF
Days on Market440
Property Features for 46819 Garfield Road
General Information
- Standard status
- Pending
- Size
- 3,400 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2001
Listing agency
Century 21 Professionals
(586) 215-1208
Listed by
Ahmed Arafa · License #6506048224
(586) 215-1208
Source
Exitrealty
Added: May 8, 2025 Updated: Jul 20 at 8:23PM Checked: Jul 21 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Professionals
Investment Insights
Based on property information with market context.
This for-sale office building totals 3,400 sq. ft. and includes both a first-floor office layout and a fully finished lower level. The first floor (1,700 sq. ft.) features a private entry, conference room, open workspace, reception area, kitchen area, and five private offices. The lower level (1,700 sq. ft.) is fully finished with a wide-open space designed for conferences, training sessions, or additional office use.
The property offers ample parking for employees and visitors. It is classified as a condo office space, and the HOA fee is $322.92/month, which covers parking lot maintenance, roof, landscaping, snow removal, and trash services.
For scheduling and showings, the listing notes that it should not be disturbed or contacted tenant, and showings are available during working hours with the listing agent on site to provide access, only for an accepted LOI in place with proof of funds or a pre-approval letter required prior to scheduling.
The property offers ample parking for employees and visitors. It is classified as a condo office space, and the HOA fee is $322.92/month, which covers parking lot maintenance, roof, landscaping, snow removal, and trash services.
For scheduling and showings, the listing notes that it should not be disturbed or contacted tenant, and showings are available during working hours with the listing agent on site to provide access, only for an accepted LOI in place with proof of funds or a pre-approval letter required prior to scheduling.
Key Highlights
- 3,400 sq. ft. office building built in 2001 with a private‑entry first floor and fully finished lower level
- First floor totals 1,700 sq. ft. with conference room, open workspace, reception, kitchen area, and five private offices
- Lower level totals 1,700 sq. ft. and is fully finished with wide‑open space for conferences, training, or additional office use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $6.00 |
| − Vacancy | −$4.8k | −$1.41 |
| EGI | $15.6k | $4.59 |
| − OpEx | −$3.9k | −$1.15 |
| NOI | $11.7k | $3.44 |
3,400 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$167.2K
$146.3K – $195.1K
NOI $11,705 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$636.5K
$557.0K – $742.6K
NOI $44,557 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OPEIU Local 40 ...
Advocacy Group
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 3,400 sq. ft. office building with a private-entry first floor and fully finished lower level, plus ample parking.
Where is this office units located?
The property is located at 46819 Garfield Road Macomb Township, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 3,400 sq. ft. office building built in 2001 with a private‑entry first floor and fully finished lower level; First floor totals 1,700 sq. ft. with conference room, open workspace, reception, kitchen area, and five private offices; Lower level totals 1,700 sq. ft. and is fully finished with wide‑open space for conferences, training, or additional office use
