Financial
Distress signals
Property profile

7461 S State Rd Goodrich, MI 48438

FOR SALE
Commercial real estate
Property ID
US43-1354773
1,581 SF 1.41 ac lot Built 1994
Last sale Jul 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 3,200 square foot Class C medical office building in Goodrich, Michigan, presents a compelling owner-user or investment opportunity. Located at 7461 S State Rd, this property sits on a 1.44-acre lot and features two units, each spanning 1,581 square feet. The main floor, previously a dental office, includes three treatment rooms, a lab, a private office with its own restroom, and ample space for additional uses. A lower level unit is currently occupied by a tenant. The building,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$210k
Effective rate4.26%

Value estimate

· Sep 2026
$400k
$360k – $440k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$8k
Operating expenses−$12k
NOI · 9.16% cap applied$35k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$67/SF
County average, outlier-cleaned · 994 recorded sales of this use type
Observed band · Q1–Q3$32 – $110
Qualifying comparables16

Cap rate analysis

How does the asset earn?
9.16%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
VILLAG
JurisdictionGENESEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.4
Law Firm10.4
Hair Salon10.2

Location

7461 S State Rd Goodrich, MI 48438
County assessor Recorded deeds · 2 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8038 State, Goodrich, MI 48438-8864 $250,000 Mar 2025 1,956 SF
8331 State, Goodrich, MI 48438-9774 $55,889 May 2023 2,340 SF
8241 State, Goodrich, MI 48438-9717 $280,000 Feb 2023 1,443 SF
10214 Hegel, Goodrich, MI 48438-8767 $250,000 May 2022 1,796 SF
8233 State, Goodrich, MI 48438-7704 $300,000 Nov 2021 1,800 SF
8345 State, Goodrich, MI 48438-9774 $114,263 Sep 2021 1,848 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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