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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16950 19th Mile Rd Clinton Township, MI 48038-4804

    • Office buildings
    • 11,949 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2022
    $1,562,500
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    2.8%
    Office buildings
    Location Intelligence
    Property ID
    US43-1834022
    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

    • Office buildings

    Property Details for 16950 19th Mile Rd

    Year built
    1979
    Lot size
    0.89 lot acres
    Property size
    11,949 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    16-11-08-101-016
    APU
    161108101016

    Description

    This exceptional office space, located at the prominent 19 Mile & Garfield intersection in Macomb County, offers a fantastic opportunity for businesses seeking a well-maintained and conveniently situated workspace. The building boasts a total of 11,000 square feet, currently housing multiple tenants in a traditional office setting, with executive office options also available. A single, immediately available space of 18 square feet is currently listed for lease. This presents a unique opportunity for a small business or individual professional seeking a cost-effective and efficient office solution. All utilities are included in the monthly rent of $850.00, eliminating the hassle of separate utility bills. The building's prime location ensures easy access to major roadways, providing excellent connectivity for clients and employees. The 550 square feet of currently vacant space offers potential for expansion or customization to meet specific business needs. This is an ideal location for businesses seeking a professional image and convenient access to a wide range of amenities and services. The building's traditional office layout provides a classic and professional atmosphere, while the executive office options offer a more upscale and private work environment. Don't miss this chance to secure a prime office space in a thriving Macomb County location. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,016,000
      Market price range: $744k - $1.59M
      AI Estimate
      $1,016,000
      Market price range: $744k - $1.59M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,135,000
      Current use
      RESTAURANT
      $1,695,000
      Change: +50% Conversion: Moderate
      MEDICAL BUILDING
      $1,470,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $1,245,000
      Change: +10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,230,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,030,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9512
    Latitude
    42.6125
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, 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
    2022
    $26,689
    $0.00
    $0.00
    $455,100
    -
    $0.00
    $0.00
    $910,200

    Comparable in this City

    • Value Estimation by Request
      4,164 SF

      16955 18th Mile Rd

      OFFICE BUILDING • 4,164 SF
      16955 18th Mile Rd, Clinton Township, MI 48038-4639
      View Details
    • Value Estimation
      $5,215,000
      53,096 SF

      43750 Garfield Rd

      OFFICE BUILDING • 53,096 SF
      43750 Garfield Rd, Clinton Township, MI 48038-1135
      View Details
    • Value Estimation
      $645,000
      6,680 SF

      39949 Garfield Rd

      OFFICE BUILDING • 6,680 SF
      39949 Garfield Rd, Clinton Township, MI 48038-4301
      View Details
    • Value Estimation
      $5,290,000
      46,630 SF

      15600 19th Mile Rd

      OFFICE BUILDING • 46,630 SF
      15600 19th Mile Rd, Clinton Township, MI 48038-3502
      View Details
    • Value Estimation by Request
      1,877 SF

      19525 Cass Ave

      OFFICE BUILDING • 1,877 SF
      19525 Cass Ave, Clinton Township, MI 48038-2304
      View Details
    • Value Estimation
      $660,000
      7,688 SF

      42400 Garfield Rd

      OFFICE BUILDING • 7,688 SF
      42400 Garfield Rd, Clinton Township, MI 48038-7700
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,000 SF

      Free Standing Office Building

      Office building for user/investor with income-producing tenant.
      41800-41960 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $1,150,000
      38,000 SF

      Executive Office Building, Clinton Twp

      38,000 SF Office Condo, $1.15M
      42512 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $1,150,000
      9,200 SF

      Clinton Township Office For Sale

      Office property in Clinton Township with flexible floorplans and ample parking.
      42512 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $649,900
      8,380 SF

      Income Producing Office Building

      Office building for sale or lease with many improvements.
      17097 17 Mile Rd, Clinton Township, MI 48038
      View Details
    • $2,200,000
      12,996 SF

      Clinton Township Office Building

      Office building with 12,996 square feet of space for sale.
      15255 17 Mile Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing
      40,215 SF

      Retail/Office Space on Garfield Road

      Retail or office space with high traffic and ample parking.
      39725 Garfield Rd, Clinton Township, MI 48038
      View Details

    Similar Nearby for Lease

    • $1,776 /Mo
      1,705 SF

      Clinton Township Office Space Available

      Office space for rent in Clinton Township, Michigan.
      39425 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $3,633 /Mo

      Freestanding Office Building For Rent

      Freestanding office building with flexible layout and signage available.
      16955 18 Mile Rd, Clinton Township, MI 48038
      View Details
    • $10 SF/Yr
      3,965 SF

      Hall Road Office Building

      High-image office building with flexible R&D space for rent.
      19700-19800 Hall Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      23,180 SF

      Amore Plaza: Clinton Twp Office Space

      Hayes Road Offices, 1200-3600 SF Available
      40280-40522 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $19 SF/Yr
      60,440 SF

      River Ridge Corporate Center Suites

      Class A Office Space in Clinton Twp, MI
      19176 Hall Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      15,560 SF

      Prima Professional Building: Clinton Twp Office Space

      Modern Office Suites, 1,705+ sq ft available
      39425 Garfield Rd, Clinton Township, MI 48038
      View Details
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    16950 19th Mile Rd
    Clinton Township, MI 48038-4804
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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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