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Property profile & analytics
OFF-MARKET Estimated value $3,735,000
Specialty properties

35031 23rd Mile Rd New Baltimore, MI 48047-3649

36,344 SF 3.81 ac lot Built 1984
Individually Owned Absentee Owner Free & Clear
Property ID
US43-1020634
Property profile
Verified
Property type Specialty properties
Use group COMMERCIAL MISC
Year built 1984
Total area 36,344 SF
Lot 3.81 ac (165,833 SF)
Zoning code GC
APN 06-09-13-351-014
UPID US43-1020634
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
  • Harbor Oaks Hospital: Harris David K MD Physician
  • Harbor Oaks Hospital: Survananda Subramaniam MD Physician
  • Harbor Oaks Hospital Hospital
  • Marcos Yassa Physician
  • Edwin Doehring Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.74M
Blend (final) Blend
$3.74M
Owner & transaction history
HARBOR OAKS HOSPITAL
HARBOR OAKS HOSPITAL
Zoning & alternative use
GC · New Baltimore, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

in the local commercial business district. This GC district is designed to provide sites for more diversified business types and are often located so as to serve passerby, highway-oriented traffic. These uses would generate larger volumes of vehicular traffic, would need more off-street parking and loading, and would require more planning to integrate such d…

Zone name General Commercial
General category COMMERCIAL
Zone area 2.74 ac
Source code of ordinances
Top alternative use upside
Restaurant $5.2M +37.9%
Medical building $4.5M +19.5%
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