Property profile

248 Washington Ave 1 Bay City, MI 48708

OFF-MARKET
Medical Office Space
Property ID
US43-1981653
4,468 SF 0.44 ac lot Built 2010
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2010
Total area 4,468 SF
Lot 0.44 ac (19,254 SF)
Zoning code C-3 CTRL BUS
APN 160-028-136-002-01
UPID US43-1981653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Pediatrician Medical Clinic
  • Medical Clinic
  • Physician

Location

248 Washington Ave, Unit 1 Bay City, MI 48708-5848
Bay City metro Census 286500 BAY CITY, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2011
1 recorded transaction
2011
$450,000

Zoning & alternative use

C-3 CTRL BUS · Bay City, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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