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    19900 Haggerty Rd Livonia, MI 48152
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    Property profile & analytics

    19900 Haggerty Rd Livonia, MI 48152

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    • Medical Office Space
    • 45,945 SF
    • 5.00 lot acres
    For Lease
    $7,815,000
    View Listing →
    Medical Suites in Busy Area For Lease
    $7,815,000
    8,000 SF

    Medical Suites in Busy Area

    Medical suites available in a high-traffic retail area.

    19900 Haggerty Rd, Livonia, MI 48152
    View Listing
    Property ID
    US43-0723082
    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.
    Value Estimations
    $7,815,000
    Cap Rate Potential
    6.2%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Radiology at Livonia Center for Specialty Care / Medical Clinic
    • Vein Center at Livonia Center for Specialty Care / Medical Clinic
    • University of Michigan Livonia Center for Specialty Care / Hospital
    • Center For Facial Cosmetic Surgery / Medical Clinic
    • Baker Shan R MD / Physician / Medical Clinic

    Property Details for 19900 Haggerty Rd

    Year built
    1987
    Lot size
    5.00 lot acres
    Property size
    45,945 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    46 022 99 0004 002
    APU
    46022990004002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,815,000
      ML approach
      $7,815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,065,000
      6.5%
      $7,445,000
      7%
      $6,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,187,000
      Market price range: $2.91M - $6.19M
      AI Estimate
      $6,187,000
      Market price range: $2.91M - $6.19M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $10,490,000
      OFFICE BUILDING
      $6,505,000
      RESTAURANT
      $4,760,000
      COMMERCIAL (GENERAL)
      $4,745,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4322
    Latitude
    42.4327
    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
    2023
    $198,319
    $0.00
    $0.00
    $3,926,600
    -
    $0.00
    $0.00
    $7,853,200

    Comparable in this City

    • Value Estimation
      $1,690,000
      12,539 SF

      33400 6th Mile Rd

      MEDICAL BUILDING • 12,539 SF
      33400 6th Mile Rd, Livonia, MI 48152-3143
      View Details
    • Value Estimation by Request
      3,510 SF

      18320 Farmington Rd

      MEDICAL BUILDING • 3,510 SF
      18320 Farmington Rd, Livonia, MI 48152-3230
      View Details
    • Value Estimation by Request
      5,150 SF

      20010 Farmington Rd

      MEDICAL BUILDING • 5,150 SF
      20010 Farmington Rd, Livonia, MI 48152-1408
      View Details
    • Value Estimation by Request
      1,540 SF

      33521 6th Mile Rd

      MEDICAL BUILDING • 1,540 SF
      33521 6th Mile Rd, Livonia, MI 48152-3129
      View Details
    • Value Estimation by Request
      4,500 SF

      19920 Farmington Rd

      MEDICAL BUILDING • 4,500 SF
      19920 Farmington Rd, Livonia, MI 48152-1409
      View Details
    • Value Estimation
      $890,000
      10,005 SF

      20200 Farmington Rd

      MEDICAL BUILDING • 10,005 SF
      20200 Farmington Rd, Livonia, MI 48152-1412
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office/Medical Building For Sale

      Renovated office/medical building with direct suite entrances and tenant-controlled HVAC.
      34441 W 8 Mile Rd, Livonia, MI 48152
      View Details
    • $1,500,000

      Turnkey Medical Office For Sale

      Recently renovated medical office in prime location, ready for business.
      30737 7 Mile Rd, Livonia, MI 48152
      View Details
    • Contact for pricing

      Fully Occupied Medical Office Building

      Five-unit medical office building with long-standing tenants.
      31395 W 7 Mile Rd, Livonia, MI 48152
      View Details
    • Contact for pricing

      Renovated Office/Medical Suites Available

      Professionally managed office/medical suites with tenant-controlled HVAC, near I-275 & I-96.
      37701-37785 Pembroke Ave, Livonia, MI 48152
      View Details
    • Contact for pricing

      Renovated Office/Medical Building For Sale

      Renovated office/medical building with suite entrances and HVAC control.
      37651-37695 Pembroke Ave, Livonia, MI 48152
      View Details
    • Contact for pricing
      5,846 SF

      Medical Office Building For Sale

      5,846 SF medical office building on 1.51 acres.
      38525 8 Mile Rd, Livonia, MI 48152
      View Details

    Similar Nearby for Lease

    • $136 SF/Yr
      115 SF

      Salon Studios Space For Lease

      Premium, fully-equipped suites for stylists, estheticians, wellness experts.
      37276 6 Mile Rd, Livonia, MI 48152
      View Details
    • Contact for pricing

      Office Space on Farmington Road

      Move-in ready office spaces with flexible options available for rent.
      17886 Farmington Rd, Livonia, MI 48152
      View Details
    • Contact for pricing

      Medical Suites in Busy Area

      Medical suites available in a high-traffic retail area.
      19900 Haggerty Rd, Livonia, MI 48152
      View Details
    • Contact for pricing

      Livonia Office Space For Rent

      Move-in ready office spaces with flexible rental options available.
      17940 Farmington Rd, Livonia, MI 48152
      View Details
    View Listing
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    Livonia, MI 48152
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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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