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    Medical Office Building with Private Suites Title is generated by Realmo AI

    45200 Card Road, Macomb Twp, MI 48044

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    Claim this Listing
    For Sale
    $4,900,000

    COMMERCIAL - Macomb Twp, MI

    Property size:
    38,000 SF
    Lot size:
    2.65 Acres
    Price / SF:
    $128/SF
    Added:
    Jan 1, 2025
    Days on Market:
    519
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 45200 Card Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Exterior features
    Lawn Sprinkler
    Standard status
    Active
    APN
    20-08-35-300-041
    Size
    38,000 SF
    Lot size
    2.65 Acres

    Taxes and HOA fees

    Tax Annual Amount
    63488

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Maria McGuire
    Maria McGuire

    Listing agent Maria McGuire License #6504242665

    Listing office RE/MAX Advisors 34350 23 Mile Rd, New Baltimore, MI

    Listing date Jan 1, 2025

    MLS# 50167686

    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

    • Second floor includes 15,000 SF of untapped open space for future custom build‑out (professional office or medical affiliates).
    • Main floor offers private entrance suite setup for tenant business access and exclusivity.
    • Built in 2008 and finished with a roof consisting of asphalt shingle.
    • Heating system: forced air; cooling: central air.
    • Public water service available; exterior includes lawn sprinkler system.
    • On‑site parking provided via parking lot.

    Overview

    This sale offering is a uniquely designed office/medical property featuring main-floor private entrance suites. The building size is approximately 38,000 square feet, set on about 2.65 acres, with interior configuration that supports professional use and patient or client access from dedicated entries.

    The property is located just off the NE corner of M-59 (Hall Rd) and provides access to I-94 and I-75. The surrounding area is described as home to top-tier medical facilities and hospitals, positioning the building for tenants seeking proximity to healthcare services.

    The second floor includes approximately 15,000 square feet of open space described as untapped and ready for custom build-out, offering flexibility for professional office or medical affiliate users. With private suite entrances on the main level and the ability to tailor the upper floor layout, the property can work for organizations looking to occupy existing suites while expanding within the same building footprint.

    Local Financial Insights For Healthcare Medical

    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 $752.4k $19.80
    − Vacancy −$88.4k −$2.33
    EGI $664.0k $17.47
    − OpEx −$265.6k −$6.99
    NOI $398.4k $10.48
    38,000 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $5.69M
    $4.98M – $6.64M (±1% cap)
    NOI $398,396 @ 7.0% cap · market cap 8.13%
    Second Best
    Office B
    $1.87M
    $1.64M – $2.18M (±1% cap)
    NOI $130,815 @ 7.0% cap · market cap 2.67%
    Theoretical Best
    Specialty Retail
    $7.11M
    $6.22M – $8.30M (±1% cap)
    NOI $497,995 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michigan Law Center ... Law Firm Coldwell Banker Realty, ... Real Estate Agency Coldwell Banker- Angela ... Real Estate Agency Coldwell Banker Realty, ... Real Estate Agency Farm Bureau Insurance ... Insurance Agency

    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
    Macomb Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.895051
    Latitude
    42.630793

    FAQs

    What type of property is this?
    Office building - Office and medical space with main-floor private entrance suites and additional second-floor open area for custom buildout.
    Where is this office building located?
    The property is located at 45200 Card Road Macomb Twp, MI.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Second floor includes 15,000 SF of untapped open space for future custom build‑out (professional office or medical affiliates).; Main floor offers private entrance suite setup for tenant business access and exclusivity.; Built in 2008 and finished with a roof consisting of asphalt shingle.
    (586) 996-4059
    We can help!
    Listing Contact
    Maria McGuire
    Maria McGuire
    Real Estate License ID: 6504242665
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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
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