Office Unit with Private
51145 Washington Street, New Baltimore, MI 48047
For Sale
Contact for pricing
Open-plan office unit with multiple windows, a private restroom, and on-site parking.
Property Size775 SF
Price / SF$1.42
Days on Market50
Property Features for 51145 Washington Street
General Information
Standard status
Size
Additional Details
Utilities to Site
Amenities
private restroom
440V service
Listing Agency:
JD & Associates Realtors
Listed By:
Kris Pierowich · License #6501396876
(586) 842-4927
Source:
Charterpropertiesgr
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 6 at 8:15AM
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 JD & Associates Realtors
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Investment Insights
Based on property information with market context.
Suite A is a 775-square-foot office unit within the Town Professional Offices at 51145 Washington Street. The space has a wide-open floor plan, several windows facing Washington Street, and a private restroom positioned at the rear. Newer carpet is installed throughout the office, and the suite is the first office near the building’s front entrance.
The property is situated on Washington Street just south of Green Street in downtown New Baltimore. Parking is available in front, along the side, and behind the building, with over 30 spaces serving the property. The building also has 440V electrical service for operations that require that capacity.
The property is situated on Washington Street just south of Green Street in downtown New Baltimore. Parking is available in front, along the side, and behind the building, with over 30 spaces serving the property. The building also has 440V electrical service for operations that require that capacity.
Key Highlights
- 775‑square‑foot office unit in Town Professional Offices
- Suite A is the first office near the front building entrance
- Wide‑open floor plan with several Washington Street‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,668
Suggested Prices Based on Cap Rates
Cap Rate 5%
$53,360
$53.4K
Cap Rate 7%
$38,114
$38.1K
Cap Rate 9%
$29,644
$29.6K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$4.7K $6.00/SF
− Vacancy
−$1.1K −$1.41/SF
EGI
$3.6K $4.59/SF
− OpEx
−$889 −$1.15/SF
NOI
$2.7K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$53,360
Cap Rate 7%
$38,114
Cap Rate 9%
$29,644
Alternative Uses
Best Use
Office B
$38.1K
$33.4K – $44.5K
NOI $2,668 @ 7.0% cap · market cap 242.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$145.1K
$127.0K – $169.3K
NOI $10,156 @ 7.0% cap · market cap 923.27%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Macomb County, MI
Properties on Market for Office Units in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan office unit with multiple windows, a private restroom, and on-site parking.
Where is this office unit located?
The property is located at 51145 Washington Street New Baltimore, MI.
What are key features of this property?
This property features: 775‑square‑foot office unit in Town Professional Offices; Suite A is the first office near the front building entrance; Wide‑open floor plan with several Washington Street‑facing windows
