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Financial
Distress signals
Property profile

37244 S Groesbeck Hwy Clinton Township, MI 48036

FOR SALE
Medical Office Space
Property ID
US43-1231145
6,655 SF 1.1 ac lot Built 1972
Last sale Feb 2009 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Parkway Office Building is a standalone medical/executive office property designed with adaptable interior layouts, including 12-foot structural ceilings and built-in drop ceilings, and movable interior walls with no load-bearing interior walls. Suites within the building are separately metered for gas and electricity, and the property includes a recent interior remodeling history and exterior/system improvements including a roof or parking-lot reseal in 2024 and an air-conditioning…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value · 2023$433k
Effective rate5.73%

Value estimate

· Oct 2026
$755k
$680k – $831k
Submarket $/SF estimate$947k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$15k
Operating expenses−$47k
NOI · 5.37% cap applied$70k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
County average, outlier-cleaned · 122 recorded sales of this use type
Observed band · Q1–Q3$76 – $184
Qualifying comparables5

Cap rate analysis

How does the asset earn?
5.37%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OS-1
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.2
Dental Office20.7
Law Firm16.9

Location

37244 S Groesbeck Hwy Clinton Township, MI 48036
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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