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Property profile & analytics
OFF-MARKET Estimated value $4,120,000
Medical Office Space

35054 23rd Mile Rd New Baltimore, MI 48047-2019

30,240 SF 3.03 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US43-1056145
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 30,240 SF
Lot 3.03 ac (132,161 SF)
Zoning code GC
APN 06-09-24-101-060
UPID US43-1056145
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
  • Abbott Bruce H DDS Dental Office
  • Michigan Audiology & Hearing Medical Clinic
  • Anchor Bay Professional Plaza Medical Clinic
  • Julia Tucker Physician
  • Gregory Napolitano Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.12M
Blend (final) Blend
$4.12M
Owner & transaction history
Royal Oak Property LLC · 4 yrs held
Royal Oak Property LLC
since 2022
1 recorded transaction
2022
Price N/A
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
Retail stores $5.6M +51.4%
Restaurant $4.3M +15.4%
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