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Property profile & analytics
FOR SALE
Office buildings

45200 Card Rd Macomb Twp, MI 48044

26,429 SF 2.65 ac lot Built 2008
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-0615262
Property summary
AI-generated overview

This exceptional two-story, 38,700-38,900 square foot medical office building in Macomb Township, Michigan presents a rare investment opportunity. Built in 2009 with a major renovation completed in 2017, the property boasts modern high-end finishes and spacious, customizable floor plans. The building features seven tenants under a modified lease type with yearly rent escalations, expiring September 1, 2029. Tenants are credit-rated, including franchisees and corporate guarantees, ensuring strong financial stability. The property sits on a 2.65-acre lot with ample parking for over 200 vehicles, offering convenient access and high visibility. The current Net Operating Income (NOI) is $297,996, with a pro-forma NOI of $499,124. Located at 45200 Card Rd, Macomb, MI 48044, this Class B building benefits from a prime location with easy access to major highways (I-94, I-75, and I-696) and proximity to top medical facilities. The 0-1 permitted zoning caters to a variety of professional uses. The building offers private entrance suites, ensuring a professional experience for clients and staff. This owner-user investment opportunity is ideal for those seeking a high-return asset in a rapidly growing community with limited competition. The majority of the construction, including HVAC, electrical, plumbing, concrete slab foundation, and interior completion, was completed in 2017.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 26,429 SF
Lot 2.65 ac (115,434 SF)
Zoning code O1
APN 20-08-35-300-041
UPID US43-0615262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michigan Law Center PLLC Law Firm
  • Coldwell Banker Realty, Kevin Paton Real Estate Real Estate Agency
  • Coldwell Banker- Angela Evans-Aronson Real Estate Agency
  • Coldwell Banker Realty, Macomb, MI Real Estate Agency
  • Farm Bureau Insurance - Jennifer Essak Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.52M
Blend (final) Blend
$3.52M
Owner & transaction history
Card Road Professional Building LLC · 9 yrs held
Card Road Professional Building LLC
since 2016
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2009
Price N/A
2007
$900,000
Zoning & alternative use
O1 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.7M +49.5%
Medical building $3.2M +29.6%
Retail stores $2.8M +10.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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