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Property profile & analytics
OFF-MARKET
Estimated value
$350,000
Specialty properties
4000 Wellness Dr Midland, MI 48670-2000
Entity Owned
Free & Clear
Property ID
US43-2333043
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1978
Total area
3,630 SF
Lot
0.72 ac (31,364 SF)
Zoning code
COM
APN
150-023-300-070-07
UPID
US43-2333043
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
-
Shane Starr, M.D. Physician
-
Sandeep Yalamanchi, MD Pediatrician Physician
-
Taylor Waltz Physician
-
Alexis Hool, PA-C Physician
-
Edward Sorenson, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350k
Owner & transaction history
MIDMICHIGAN MEDICAL CENTERMIDLAND
MIDMICHIGAN MEDICAL CENTERMIDLAND
Zoning & alternative use
COM · Midland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ly with Table 8.2 Article 8: Signs City of Midland Zoning Ordinance Page 8 - 15 Section 8.07 -- NONRESIDENTIAL DISTRICT SIGNS The following signs shall be permitted in districts zoned for nonresidential use (Community - COM, Office Service - OS, Neighborhood Commercial - NC, Community Commercial - CC, Regional Commercial - RC, Downtown - D, Circle - C, LCMR,…
Zone name
Community
General category
UNKNOWN
Zone area
2,607.98 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$350k
Range $315k – $385k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Previous assessed
$202,400
Applied tax rate
150.0000
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Stories
1
Total area
3,630 SF
Lot
0.72 ac (31,364 SF)
Zoning code
COM
APN
150-023-300-070-07
UPID
US43-2333043
Jurisdiction
BAY
Zoning & alternative use
COM · Midland, MIZoning COM · permitted uses
COM · Midland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ly with Table 8.2 Article 8: Signs City of Midland Zoning Ordinance Page 8 - 15 Section 8.07 -- NONRESIDENTIAL DISTRICT SIGNS The following signs shall be permitted in districts zoned for nonresidential use (Community - COM, Office Service - OS, Neighborhood Commercial - NC, Community Commercial - CC, Regional Commercial - RC, Downtown - D, Circle - C, LCMR, Industrial A - IA, and Industrial B - IB Zoning Districts): A. Nameplate and Stree
Zone name
Community
General category
UNKNOWN
Zone area
2,607.98 ac
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
MIDMICHIGAN MEDICAL CENTERMIDLAND
Individual
Free & Clear · 0 yrs held
Mailing address
4000 WELLNESS DR, MIDLAND, MI 48670-2000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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