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    Property profile & analytics

    1201 S Euclid Ave Bay City, MI 48706

    • Office buildings
    • 5,120 SF
    • 0.19 lot acres
    For Sale
    View listing
    $349,900
    Last Sale
    Nov 16, 2021
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0868046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pure Cannabis Provisions / Cannabis Store

    Property Details for 1201 S Euclid Ave

    Year built
    1964
    Lot size
    0.19 lot acres
    Property size
    5,120 SF
    Zone code
    C-2B HWY BUS
    Property type
    Office buildings
    APN
    160-029-152-001-00
    APU
    16002915200100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $299,000
      Market price range: $168k - $460k
      AI Estimate
      $299,000
      Market price range: $168k - $460k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $350,000
      Current use
      AUTO REPAIR, GARAGE
      $310,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $285,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.9152
    Latitude
    43.5889
    CBSA code
    13020
    CBSA name
    BAY CITY, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,187
    $0.00
    $0.00
    $176,600
    -
    $0.00
    $0.00
    $353,200

    Comparable in this City

    • Value Estimation by Request
      2,740 SF

      2500 Midland Rd

      OFFICE BUILDING • 2,740 SF
      2500 Midland Rd, Bay City, MI 48706-9202
      View Details
    • Value Estimation by Request
      4,800 SF

      3461 North Union Rd

      Government properties • 4,800 SF
      3461 North Union Rd, Bay City, MI 48706
      View Details
    • Value Estimation by Request
      2,000 SF

      1601 Marquette St Ste, Unit 5

      OFFICE BUILDING • 2,000 SF
      1601 Marquette St Ste, Bay City, MI 48706-4196
      View Details
    • Value Estimation by Request
      7,641 SF

      3949 3rd Mile Rd

      OFFICE BUILDING • 7,641 SF
      3949 3rd Mile Rd, Bay City, MI 48706-9608
      View Details
    • Value Estimation by Request
      1,890 SF

      612 Euclid Ave

      OFFICE BUILDING • 1,890 SF
      612 Euclid Ave, Bay City, MI 48706-3210
      View Details
    • Value Estimation by Request
      1,417 SF

      3891 Euclid Ave

      OFFICE BUILDING • 1,417 SF
      3891 Euclid Ave, Bay City, MI 48706-2028
      View Details

    Similar Nearby for Sale

    • $449,999
      4,444 SF

      Euclid Avenue Office Building

      Office building with multiple suites, parking, and high traffic location.
      615 S Euclid Ave, Bay City, MI 48706
      View Details
    • $1,100,000
      26,843 SF

      Euclid Plaza Redevelopment Opportunity

      26,843 SF property on 2.02 acres available for redevelopment.
      503 N Euclid Ave, Bay City, MI 48706
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    • $2,900,000
      46,773 SF

      Office, Lab, and Garage Buildings

      Three buildings near I-75 with office, lab, and garage space.
      3933 Monitor Rd, Bay City, MI 48706
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    • $849,000
      10,021 SF

      Bay City Executive Office Space

      10,021 SF Office, $849,000
      6006 Westside Saginaw Rd, Bay City, MI 48706
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    • $450,000
      10,000 SF

      808 N Euclid: Bay City Investment

      Mixed-use building, high ROI potential.
      808 Euclid Ave, Bay City, MI 48706
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    • $75,000

      Industrial Land: Bay City, MI

      58,000 SF Industrial Land - $75,000
      2709 Euclid Ave, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      1,228 SF

      Euclid Avenue Professional Office Space

      Upper-level office space suitable for medical or general use.
      800 S Euclid Ave, Bay City, MI 48706
      View Details
    • $12,480 /Mo
      900 SF

      Bay City Office Space - 900 SF

      Versatile Bay City office space available for lease.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • $259 SF/Yr
      4,000 SF

      Prime Bay City CBD Site

      1.2 Acres, 4,000 SF Office/Retail
      3480 North Union Rd, Bay City, MI 48706
      View Details
    • $2,000 /Mo
      3,000 SF

      Office Space in Bangor Township

      3,000 SF office space available for rent.
      3843 N Euclid Ave, Bay City, MI 48706
      View Details
    • $14 SF/Yr
      2,200 SF

      Wilder Road Plaza Retail Space

      Prime Bay County retail space, multiple suites available.
      4100 Wilder Rd, Bay City, MI 48706
      View Details
    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
      200 Wenona St, Bay City, MI 48706
      View Details
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    1201 S Euclid Ave
    Bay City, MI 48706
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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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