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

    17001 17th Mile Rd Clinton Township, MI 48038-2801

    • Assisted living facilities
    • 45,228 SF
    • 6.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4302406
    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

    • Assisted living facilities

    Property Details for 17001 17th Mile Rd

    Year built
    1974
    Lot size
    6.21 lot acres
    Property size
    45,228 SF
    Zone code
    SP-1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    16-11-17-351-007
    APU
    161117351007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9499
    Latitude
    42.585
    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
    $127,419
    $0.00
    $0.00
    $2,960,300
    -
    $0.00
    $0.00
    $5,920,600

    Comparable in this City

    • Value Estimation by Request
      35,661 SF

      40500 Garfield Rd

      HOMES (RETIRED, NURSING) • 35,661 SF
      40500 Garfield Rd, Clinton Township, MI 48038-5907
      View Details
    • Value Estimation by Request
      182,708 SF

      44003 Partridge Crk Blvd

      HOMES (RETIRED, NURSING) • 182,708 SF
      44003 Partridge Crk Blvd, Clinton Township, MI 48038-0002
      View Details
    • Value Estimation by Request
      60,105 SF

      17200 Dove St

      HOMES (RETIRED, NURSING) • 60,105 SF
      17200 Dove St, Clinton Township, MI 48038-6924
      View Details
    • Value Estimation by Request
      103,950 SF

      42280 Garfield Rd

      HOMES (RETIRED, NURSING) • 103,950 SF
      42280 Garfield Rd, Clinton Township, MI 48038-1647
      View Details
    • Value Estimation by Request
      20,440 SF

      42855 Garfield Rd

      Medical offices • 20,440 SF
      42855 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation
      $1,580,000
      10,444 SF

      42850 Garfield Rd

      MEDICAL BUILDING • 10,444 SF
      42850 Garfield Rd, Clinton Township, MI 48038-5026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • Contact for pricing
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      High Image Medical Facility

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      Executive Office Building, Clinton Twp

      38,000 SF Office Condo, $1.15M
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      Two-bedroom condo with attached garage in Westchester Village community.
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    Similar Nearby for Lease

    • $12 SF/Yr
      15,560 SF

      Prima Professional Building: Clinton Twp Office Space

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    • $204 SF/Yr
      20,440 SF

      River Oaks Suites Office Space

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    • $12 SF/Yr
      42,000 SF

      Pointe Village Plaza: Office Space for Lease

      Hall Road, Clinton Twp, MI: Prime Office Space Available
      20658 Hall Rd, Clinton Township, MI 48038
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    • $7 SF/Yr
      10,741 SF

      Macomb County Medical Office Space

      Prime Medical Office Suites Available Now
      43171 Dalcoma Dr, Clinton Township, MI 48038
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    • $16 SF/Yr
      16,783 SF

      Blue Stone Medical Building For Sale

      Class A Medical Office Building, Macomb County
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    • $10 SF/Yr
      2,423 SF

      Prime Medical Office Space Available

      Versatile Office Suites near Henry Ford Hospital
      42490 Garfield Rd, Clinton Township, MI 48038
      View Details
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    17001 17th Mile Rd
    Clinton Township, MI 48038-2801
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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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