Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37040 Green St New Baltimore, MI 48047

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,000 SF Retail Space For Lease

    Lot size:
    5,000 SF

    Property Features for 37040 Green St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    416.67

    Spaces For Lease

    at 37040 Green St, New Baltimore, MI 48047 Contact us
    Unit Available Space

    $1.00 /Mo

    Size
    5,000 SF
    Contact us

    We can help!

    Listing Contact
    Kyle Nelson
    Kyle Nelson

    Listing Agent: Kyle Nelson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 5,000-square-foot retail space is available for lease in the thriving New Baltimore, Michigan market. Located at 37040 Green St, this single-tenant property sits on a sizable 0.85-acre lot, offering ample space and visibility. The building's total square footage is 5,000 square feet, with the entire space currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a prominent location in a desirable area. The property's address is 37040 Green St, New Baltimore, MI 48047, and its location within Macomb County provides easy access to major transportation routes and a strong customer base. The property's APN is 06-09-13-281-030. The property type is classified as retail commercial. This is a single-tenant occupancy building, ideal for a business seeking a standalone presence. The expansive lot size provides ample parking and potential for future expansion or outdoor amenities. This is a turnkey opportunity for a business looking to establish or expand its presence in a vibrant community. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Contact us today to learn more about this exceptional retail space and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store

    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
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7292771
    Latitude
    42.6855846

    Nearby Similar for Lease

    • $500 /Mo
      80 SF

      Chesterfield Coworking Space Private Office

      Private office in coworking space with shared amenities and utilities.
      55951 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • $2,000 /Mo
      2,400 SF

      Chesterfield Office Space Available

      Professional office space near I-94 in Chesterfield, MI.
      30845 23 Mile Rd, Chesterfield, MI 48047
      View Details
    • $3,006 /Mo

      Renovated Professional Building Office Space

      Last unit available in renovated professional building near I-94.
      32743 23 Mile Rd, New Baltimore, MI 48047
      View Details
    • $1,400 /Mo

      Retail Space in High-Traffic Plaza

      Retail space for rent in high-traffic Plaza By The Bay.
      35346 23 Mile Rd, New Baltimore, MI 48047
      View Details
    • $1,500 /Mo

      Retail Space For Rent

      Retail space available for lease.
      55931 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $1,750 /Mo

      Retail Space in Oakwood Square

      Retail space with overhead door and large parking lot.
      46700 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $1,800 /Mo

      Professional Suite in Pyramid Center

      Versatile 1,798 sq. ft. office suite for lease.
      33497 23 Mile Rd, New Baltimore, MI 48047
      View Details
    • $1,700 /Mo

      Retail/Medical/Office Space Available

      High-traffic location with retail, medical, and office potential.
      52370 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $1,000 /Mo

      Retail Space on Gratiot Avenue

      Retail space with high ceilings and kitchenette for rent.
      49906 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $15 SF/Yr
      2,646 SF

      Retail Space on Gratiot Avenue

      Retail space available for lease on Gratiot Avenue.
      46970 Gratiot Ave, Chesterfield, MI
      View Details
    • $1,800 /Mo

      Retail/Office Space, Excellent Visibility

      Retail or office space with great freeway access and visibility.
      49684 Gratiot Rd, New Baltimore, MI 48051
      View Details
    • $1,600 /Mo

      Retail Space Available For Rent

      Retail space for lease in Chesterfield Township, Michigan.
      49540 Gratiot Ave, New Baltimore, MI 48051
      View Details

    FAQs

    What type of property is this?
    Retail property - 5,000 SF Retail Space For Lease
    Where is this retail property located?
    The property is located at 37040 Green St New Baltimore, MI.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: New construction retail space in New Baltimore, situated at County Line Rd and Green St.; Dunkin' committed to a 10-year lease.; Excellent location within a thriving neighborhood center, near Anchor Bay.
    (248) 359-9000 Call to check price and availability
    Request Owner's contact information
    37040 Green St New Baltimore, MI 48047
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37040 Green St
    New Baltimore, MI 48047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    37040 Green St New Baltimore, MI 48047
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Nelson
    Kyle Nelson
    Real Estate License ID: 6501407469
    (248) 359-9000 (313) 467-2597
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!