Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42850 Garfield Rd Clinton Township, MI 48038-5026

    • Medical offices
    • 10,444 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Sep 05, 2024
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4372115
    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

    • Medical offices

    Property Details for 42850 Garfield Rd

    Year built
    1986
    Lot size
    1.08 lot acres
    Property size
    10,444 SF
    Zone code
    OS-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    16-11-08-101-025
    APU
    161108101025

    Description

    This exceptional 1,300 square foot executive office suite is ideally situated at 42850 Garfield Road in Clinton Township, Michigan, 48038, at the intersection of Garfield and 19 Mile Road. The property, a single-story Class B building constructed in 1986, offers a well-maintained workspace within a larger 10,444 square foot building situated on a 1.079-acre lot. The suite itself boasts a functional layout including three private offices, a kitchenette, a private restroom, and a smaller bullpen area. Ample parking is available with 58 spaces provided for the entire building. The building is zoned OS1 LR and has a Macomb County APN of 16-11-08-101-025. While the entire building contains three suites, this 1,300 square foot space represents the minimum divisible and maximum contiguous area currently available. The property benefits from excellent visibility and exposure due to its prime location. Utilities include 110-volt power. There is no elevator in this single-story building. This is an exceptional opportunity for a business seeking a move-in ready office space in a desirable location. Contact for details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,581,000
      Market price range: $797k - $1.92M
      AI Estimate
      $1,581,000
      Market price range: $797k - $1.92M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,285,000
      Current use
      RESTAURANT
      $1,480,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,090,000
      Change: -15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,075,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.952
    Latitude
    42.6119
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, 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
    $32,025
    $0.00
    $0.00
    $722,300
    -
    $0.00
    $0.00
    $1,444,600

    Comparable in this City

    • Value Estimation
      $2,330,000
      18,010 SF

      15400 19th Mile Rd

      MEDICAL BUILDING • 18,010 SF
      15400 19th Mile Rd, Clinton Township, MI 48038-6327
      View Details
    • Value Estimation
      $9,755,000
      64,343 SF

      43900 Garfield Rd

      MEDICAL BUILDING • 64,343 SF
      43900 Garfield Rd, Clinton Township, MI 48038-1128
      View Details
    • Value Estimation
      $1,570,000
      12,351 SF

      16404 19th Mile Rd

      MEDICAL BUILDING • 12,351 SF
      16404 19th Mile Rd, Clinton Township, MI 48038-1105
      View Details
    • Value Estimation
      $2,510,000
      19,648 SF

      15420 19th Mile Rd

      MEDICAL BUILDING • 19,648 SF
      15420 19th Mile Rd, Clinton Township, MI 48038-6339
      View Details
    • Value Estimation
      $1,925,000
      16,170 SF

      43401 Garfield Rd

      MEDICAL BUILDING • 16,170 SF
      43401 Garfield Rd, Clinton Township, MI 48038-1151
      View Details
    • Value Estimation by Request
      12,560 SF

      43475 Dalcoma Dr, Unit 8

      MEDICAL BUILDING • 12,560 SF
      43475 Dalcoma Dr, Clinton Township, MI 48038-3591
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,000 SF

      High Image Medical Facility

      Medical facility near Hall Road, Henry Ford, and Beaumont Hospitals.
      42700 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing
      24,000 SF

      Hall Road Commercial Build-to-Suit

      Up to 24,000 SF retail, medical, or office space.
      1.839 Acres On Hall Rd, Clinton Township, MI 48038
      View Details
    • $6,200,000
      16,548 SF

      Clinton Twp Medical Office Building

      16,548 SF Medical Facility, $6.2M
      16100 19 Mile Rd, Clinton Township, MI 48038
      View Details
    • $1,150,000
      38,000 SF

      Executive Office Building, Clinton Twp

      38,000 SF Office Condo, $1.15M
      42512 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $1,100,000
      6,000 SF

      Free Standing Office Building

      Office building for user/investor with income-producing tenant.
      41800-41960 Hayes Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing
      40,215 SF

      Retail/Office Space on Garfield Road

      Retail or office space with high traffic and ample parking.
      39725 Garfield Rd, Clinton Township, MI 48038
      View Details

    Similar Nearby for Lease

    • $3,867 /Mo

      Medical Space for Lease

      Existing medical space with signage and ample parking.
      42645 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      15,560 SF

      Prima Professional Building: Clinton Twp Office Space

      Modern Office Suites, 1,705+ sq ft available
      39425 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $18 SF/Yr
      17,184 SF

      Clinton Twp Medical Office Space

      Prime Medical Office Suites Available
      15918 19 Mile Rd, Clinton Township, MI 48038
      View Details
    • $18 SF/Yr
      12,996 SF

      Prime Clinton Twp Office Space

      12,996 SF Executive/Medical Office
      15255 17 Mile Rd, Clinton Township, MI 48038
      View Details
    • $204 SF/Yr
      20,440 SF

      River Oaks Suites Office Space

      Modern Clinton Twp Office Space Available
      42855 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      42,000 SF

      Pointe Village Plaza: Office Space for Lease

      Hall Road, Clinton Twp, MI: Prime Office Space Available
      20658 Hall Rd, Clinton Township, MI 48038
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42850 Garfield Rd
    Clinton Township, MI 48038-5026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.