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Property profile & analytics
OFF-MARKET Estimated value $1,095,000
Medical Office Space

36821 Grn St New Baltimore, MI 48047-1607

6,712 SF 0.82 ac lot Built 2008
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US43-0178125
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Construction BRICK
Total area 6,712 SF
Lot 0.82 ac (35,719 SF)
Zoning code GC
APN 06-09-13-278-014
UPID US43-0178125
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
  • Great Lakes Ophthalmology Ophthalmologist
  • Mazey Bryan DO Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.10M
Owner & transaction history
New Saltimore Real Estate Holdings · 8 yrs held
New Saltimore Real Estate Holdings
since 2018
2 recorded transactions
2018
Price N/A
2007
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 $1.3M +51.4%
Restaurant $950,000 +15.4%
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