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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Medical Office Space
31535 Frd Rd Garden City, MI 48135-1821
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0736521
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1953
Total area
8,169 SF
Lot
0.47 ac (20,473 SF)
APN
35 020 01 0755 301
UPID
US43-0736521
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Michigan Wellness and Injury Center Alternative Medicine Practice
-
Yaldo Eye Center Garden City Medical Clinic Ophthalmologist
-
DUSTIN COLT BRISCOE Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$610k
Owner & transaction history
Ford Merriman LLC|ford Road Office LLC · 11 yrs held
Ford Merriman LLC|ford Road Office LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+16.6%
Restaurant
$845,000
+10.0%
Office building
$795,000
+3.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Garden City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$770,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +17% · Conversion: Easy
RESTAURANT
$845,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$19,834
Tax year 2019
Assessed value
$342,100
Assessed 2024
Previous assessed
$340,000
+0.6% YoY
Effective rate
5.80%
On assessed value
Total market value
$684,200
Applied tax rate
82,050.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Stories
1
Total area
8,169 SF
Lot
0.47 ac (20,473 SF)
APN
35 020 01 0755 301
UPID
US43-0736521
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$845,000
OFFICE BUILDING
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Heating
FORCED AIR
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Ford Merriman LLC|ford Road Office LLC
Entity
Mailing address
PO BOX 250936, WEST BLOOMFIELD, MI 48325-0936
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2018
—
Ford Merriman LLC
—
Deed
related
$650,000 · Bank Of Ann Arbor
Jan 21, 2015
$300,000
Ford Merriman LLC|ford Road Office LLC
Mathison Supply Co INC
Grant Deed
$1,720,000 · Bank Of Ann Arbor
Mar 20, 2012
—
Ford Merriman LLC
Mathison Supply Co INC
Grant Deed
—
—
—
Ford Merriman LLC
—
Loan Modification
related
$650,000 · Bank Of Ann Arbor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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