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    Property profile & analytics

    3945 Euclid Ave Bay City, MI 48706-2028

    • Retail space
    • 13,344 SF
    • 2.92 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1451178
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 3945 Euclid Ave

    Lot size
    2.92 lot acres
    Property size
    13,344 SF
    Zone code
    O-1
    Property type
    Retail space
    APN
    010-008-300-060-00
    APU
    1000830006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $740,000
      Market price range: $444k - $1.08M
      AI Estimate
      $740,000
      Market price range: $444k - $1.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $740,000
      Current use
      RESTAURANT
      $1,160,000
      Change: +57% Conversion: Easy
      OFFICE BUILDING
      $915,000
      Change: +24% Conversion: Easy
      AUTO REPAIR, GARAGE
      $805,000
      Change: +8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.9133
    Latitude
    43.6253
    CBSA code
    13020
    CBSA name
    BAY CITY, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $895,000
      26,928 SF

      511 Midland St

      RETAIL STORES (PERSONAL SERVICES) • 26,928 SF
      511 Midland St, Bay City, MI 48706-4768
      View Details
    • Value Estimation by Request
      1,033 SF

      3490 Old Kawkawlin Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,033 SF
      3490 Old Kawkawlin Rd, Bay City, MI 48706-1652
      View Details
    • Value Estimation by Request
      4,388 SF

      807 Salzburg Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,388 SF
      807 Salzburg Ave, Bay City, MI 48706-6301
      View Details
    • Value Estimation by Request
      1,590 SF

      415 Catherine St

      RETAIL STORES (PERSONAL SERVICES) • 1,590 SF
      415 Catherine St, Bay City, MI 48706-4706
      View Details
    • Value Estimation by Request
      2,400 SF

      807 Henry St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      807 Henry St, Bay City, MI 48706-3634
      View Details
    • Value Estimation by Request
      5,000 SF

      401 Salzburg Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      401 Salzburg Ave, Bay City, MI 48706-5347
      View Details

    Similar Nearby for Sale

    • $1,400,000
      62,585 SF

      Prime Bay City Redevelopment Opportunity

      Former JCPenney, 62,585 SF, 5.69 acres
      4129 Wilder Rd, Bay City, MI 48706
      View Details
    • Contact for pricing
      1,304 SF

      Bay City Retail Opportunity

      Retail space suitable for recreational or medical marijuana dispensary.
      4443 Wilder Rd, Bay City, MI 48706
      View Details
    • $364,000
      15,000 SF

      Mixed-Use Investment in Bay City

      Historic 15,000 SF mixed-use building with redevelopment potential.
      301 E Midland St, Bay City, MI 48706
      View Details
    • $175,000
      7,920 SF

      Commercial Property on Wilder Road

      High-exposure commercial property on Wilder Road, ready for retail/office.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details
    • $199,000
      1,304 SF

      Bay City Storefront - Prime Location

      Vacant storefront, high visibility, 1304 sq ft
      4443 Wilder Rd, Bay City, MI 48706
      View Details
    • $175,000
      Pending

      High-Exposure Commercial Property on Wilder

      Versatile commercial space near I-75, ideal for retail/office/storage.
      2515 E Wilder Rd, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,442 SF

      Retail Space in Bay City

      Retail space available in high-traffic Bay City location.
      4140-4142 Wilder Rd, Bay City, MI 48706
      View Details
    • Contact for pricing
      4,061 SF

      Bay City Retail Space For Lease

      High-visibility storefront, ample parking.
      1201 Salzburg Ave, Bay City, MI 48706
      View Details
    • $1,600 /Mo

      Retail Space with Parking

      Retail space featuring parking and basement in Bay City.
      513 Garfield Ave, Bay City, MI 48706
      View Details
    • Contact for pricing
      900 SF

      Office or Retail Space Available

      Office or retail space for lease with shared amenities.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • Contact for pricing
      62,585 SF

      Former JC Penney Available

      62,585 SF building on 5.69 acres in Bay City.
      4129 Wilder Rd, Bay City, MI 48706
      View Details
    • $12,480 /Mo
      900 SF

      Bay City Office Space - 900 SF

      Versatile Bay City office space available for lease.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.4k
    • Avg Time on site
      44 min
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    3945 Euclid Ave
    Bay City, MI 48706-2028
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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