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Property profile & analytics
FOR LEASE
Office buildings
43750 Garfield Rd, Clinton Township, MI 48038
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-1725479
For Lease
1 / 22
$22 SF/Yr
43750 Garfield Rd, Clinton Township, MI 48038
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
53,096 SF
Lot
4.83 ac (210,569 SF)
Zoning code
OS-1
APN
16-11-05-300-047
UPID
US43-1725479
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$5.22M
Owner & transaction history
Pond Road Holdings LLC · 7 yrs held
Pond Road Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
OS-1 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+49.5%
Medical building
$6.5M
+29.6%
Retail stores
$6.4M
+28.0%
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 Clinton Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton Township 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
$5,035,000
Current use
RESTAURANT
$7,525,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$6,520,000
Change: +30% · Conversion: Easy
RETAIL STORES
$6,445,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,565,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.22M
Range $4.69M – $5.74M · ±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
$98 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$119,121
Tax year 2022
Assessed value
$2,334,700
Assessed 2023
Previous assessed
$2,275,800
+2.6% YoY
Effective rate
5.10%
On assessed value
Total market value
$4,669,400
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
For Lease
Year built
1987
Heating
FORCED AIR
Stories
2
Total area
53,096 SF
Lot
4.83 ac (210,569 SF)
Zoning code
OS-1
APN
16-11-05-300-047
UPID
US43-1725479
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS-1 · Clinton Township, MI
Zoning OS-1 · permitted uses
OS-1 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.0M
RESTAURANT
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$4.6M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1987
Heating
FORCED AIR
Stories
2
Lot
4.83 ac
Current owner
From public records · entity-resolved
Pond Road Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
43750 GARFIELD RD, CLINTON TOWNSHIP, MI 48038-1135
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2018
$3,450,000
Pond Road Holdings LLC
Garfield Macomb LLC
Warranty Deed
related
—
Apr 18, 2018
—
Garfield Macomb LLC
American Natl Ins
Grant Deed
$3,720,000 · A10 Cap
Oct 30, 2015
—
American Natl Ins
Rje Investments 2 Pwop LLC
Quit Claim Deed
related
—
Sep 16, 2015
$5,175,477
American Natl Ins
Deputy Sheriff Of Macomb County|rje Investments 2
Trustees Deed
related
—
Oct 16, 2008
—
Rje Investments 2 Pwop LLC
Partridge Woods Office Park
Warranty Deed
$5,700,000 · American National Insurance Co
Oct 9, 2008
—
Megler Associates
Partridge Woods Office Park Ll
Quit Claim Deed
related
—
Oct 1, 2008
$5,710
Innate Systems LLC
Partridge Woods Office Park Ll
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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