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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
3175 Smith Rd, Lambertville, MI 48144-9434
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-1445435
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
5,040 SF
Lot
1.45 ac (63,162 SF)
APN
02-105-021-30
UPID
US43-1445435
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
-
ProMedica Physicians Family Medicine - Lambertville Pediatrician Physician
-
ProMedica Physicians: Bedford Medical Arts Medical Clinic
-
Marian Deames Pediatrician Physician
-
Justin Ryan Physician
-
Jessica Wenzel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
The Toledo Hospital · 2 yrs held
The Toledo Hospital
since 2023
Last sale
$425,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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
$540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$460,000
Change: 0% · Conversion: Easy
RESTAURANT
$400,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$380,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$380,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$330,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$310,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $425k (Dec 29 2023)
Last sale anchor
$425k
Dec 29 2023
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
$100 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,530
Tax year 2023
Assessed value
$335,100
Assessed 2023
Previous assessed
$335,100
+0.0% YoY
Effective rate
4.04%
On assessed value
Total market value
$670,200
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,040 SF
Lot
1.45 ac (63,162 SF)
APN
02-105-021-30
UPID
US43-1445435
Jurisdiction
MONROE
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
OFFICE BUILDING
Est. value
$460,000
RESTAURANT
Est. value
$400,000
RETAIL STORES
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$330,000
WAREHOUSE, STORAGE
Est. value
$310,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
The Toledo Hospital
Individual
Free & Clear · 2 yrs held
Mailing address
2142 N CV BLVD, TOLEDO, OH 43606-3895
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$425,000
The Toledo Hospital
David R Reames
Warranty Deed
—
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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