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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Office buildings
43050 Frd Rd Canton, MI 48187-3359
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-1101633
Property summary
AI-generated overview
This exceptional 1,542 square foot executive office suite is situated within a larger 16,200 square foot building located at 43050 Ford Road in Canton, Michigan. The single-story building, constructed in 1988, sits on a 1.82-acre lot and boasts ample parking with 80 spaces. The property is zoned O-1 and features a prime location on one of Michigan's busiest thoroughfares, offering excellent visibility and accessibility. The suite is part of a multi-tenant building, providing a professional and established environment. The property's well-maintained condition makes it ideal for a variety of office uses, including medical practices or general office purposes. The address is 43050 Ford Road, Canton, MI 48187, within Wayne County. The property's parcel number (APN) is 71-043-99-0006-001. This presents a rare opportunity to establish your business in a high-traffic area with convenient access and ample parking. The available space totals 1,542 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
16,200 SF
Lot
1.82 ac (79,279 SF)
Zoning code
O-1
APN
71 043 99 0006 001
UPID
US43-1101633
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
-
Dr. Ali Meslemani Physician
-
Internal Medicine of Canton Medical Clinic
-
Clients First, Realtors - Chantell Monette Real Estate Agency
-
Fern Bean - Clients First Realtors Real Estate Agency
-
Dr. Brandon Semma Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.88M
Owner & transaction history
Canton Executive Park LLC · 8 yrs held
Canton Executive Park LLC
since 2018
1 recorded transaction
Zoning & alternative use
O-1 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+92.8%
Apartment house (5+ units)
$3.7M
+71.6%
Commercial (general)
$2.7M
+25.7%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,155,000
Current use
RESTAURANT
$4,155,000
Change: +93% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: +72% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,710,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,780,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$1,740,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±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
$177 / 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
Tax billed
$63,411
Tax year 2023
Assessed value
$1,116,700
Assessed 2024
Previous assessed
$1,110,600
+0.5% YoY
Effective rate
5.68%
On assessed value
Total market value
$2,233,400
Applied tax rate
82,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
16,200 SF
Lot
1.82 ac (79,279 SF)
Zoning code
O-1
APN
71 043 99 0006 001
UPID
US43-1101633
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 · Canton, MI
Zoning O-1 · permitted uses
O-1 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Canton Executive Park LLC
Entity
Mailing address
43050 FRD RD, CANTON, MI 48187-3359
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2018
—
Canton Executive Park LLC
M & Z Executive Offices
Warranty Deed
$1,700,000 · Main Street Bank
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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