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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    44000 Garfield Rd Clinton Township, MI 48038-1125

    • Office buildings
    • 64,904 SF
    • 4.81 lot acres
    OFF-MARKET
    Last Sale
    Dec 09, 2022
    Value Estimations
    $5,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1431881
    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

    • Office buildings

    Property Details for 44000 Garfield Rd

    Year built
    1987
    Lot size
    4.81 lot acres
    Property size
    64,904 SF
    Zone code
    OS-1
    Property type
    Office buildings
    APN
    16-11-05-100-007
    APU
    161105100007

    Description

    This exceptional 63,560 square foot medical office building, located at 44000 Garfield Road in Clinton Township, Michigan, presents a unique leasing opportunity. Situated on a generous 4.81 acres of land, this Class B property boasts a single, two-story building constructed in 1987. The building offers flexible space options, with a minimum divisible unit of 2,500 square feet and the potential to lease the entire 63,560 square feet contiguously. Currently, the entire building is vacant, providing an ideal chance for a single tenant or multiple tenants to establish a significant presence. Ample parking is available with 150 spaces. The property is zoned OS-1 and its address is 44000 Garfield Road, Clinton Township, MI 48038, with a cross street of Hall Road. The property's parcel number (APN) is 16-11-05-100-007 in Macomb County. This prime location offers excellent visibility and accessibility, making it an attractive option for medical practices and other office users seeking a substantial and well-maintained space. The building's size and layout provide adaptability for a variety of medical or office configurations. Interested parties should inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,873,000
      Market price range: $4.04M - $8.64M
      AI Estimate
      $5,873,000
      Market price range: $4.04M - $8.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,155,000
      Current use
      RESTAURANT
      $9,200,000
      Change: +50% Conversion: Moderate
      MEDICAL BUILDING
      $7,970,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $6,770,000
      Change: +10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,670,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,580,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9519
    Latitude
    42.6211
    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
    2022
    $130,704
    $0.00
    $0.00
    $2,630,600
    -
    $0.00
    $0.00
    $5,261,200

    Comparable in this City

    • Value Estimation by Request
      4,164 SF

      16955 18th Mile Rd

      OFFICE BUILDING • 4,164 SF
      16955 18th Mile Rd, Clinton Township, MI 48038-4639
      View Details
    • Value Estimation
      $5,215,000
      53,096 SF

      43750 Garfield Rd

      OFFICE BUILDING • 53,096 SF
      43750 Garfield Rd, Clinton Township, MI 48038-1135
      View Details
    • Value Estimation
      $645,000
      6,680 SF

      39949 Garfield Rd

      OFFICE BUILDING • 6,680 SF
      39949 Garfield Rd, Clinton Township, MI 48038-4301
      View Details
    • Value Estimation
      $5,290,000
      46,630 SF

      15600 19th Mile Rd

      OFFICE BUILDING • 46,630 SF
      15600 19th Mile Rd, Clinton Township, MI 48038-3502
      View Details
    • Value Estimation by Request
      1,877 SF

      19525 Cass Ave

      OFFICE BUILDING • 1,877 SF
      19525 Cass Ave, Clinton Township, MI 48038-2304
      View Details
    • Value Estimation
      $660,000
      7,688 SF

      42400 Garfield Rd

      OFFICE BUILDING • 7,688 SF
      42400 Garfield Rd, Clinton Township, MI 48038-7700
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $1,150,000
      9,200 SF

      Clinton Township Office For Sale

      Office property in Clinton Township with flexible floorplans and ample parking.
      42512 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $649,900
      8,380 SF

      Income Producing Office Building

      Office building for sale or lease with many improvements.
      17097 17 Mile Rd, Clinton Township, MI 48038
      View Details
    • $2,200,000
      12,996 SF

      Clinton Township Office Building

      Office building with 12,996 square feet of space for sale.
      15255 17 Mile 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

    Similar Nearby for Lease

    • $1,776 /Mo
      1,705 SF

      Clinton Township Office Space Available

      Office space for rent in Clinton Township, Michigan.
      39425 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $10 SF/Yr
      3,965 SF

      Hall Road Office Building

      High-image office building with flexible R&D space for rent.
      19700-19800 Hall Rd, Clinton Township, MI 48038
      View Details
    • $3,633 /Mo

      Freestanding Office Building For Rent

      Freestanding office building with flexible layout and signage available.
      16955 18 Mile Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      23,180 SF

      Amore Plaza: Clinton Twp Office Space

      Hayes Road Offices, 1200-3600 SF Available
      40280-40522 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $19 SF/Yr
      60,440 SF

      River Ridge Corporate Center Suites

      Class A Office Space in Clinton Twp, MI
      19176 Hall 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
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    44000 Garfield Rd
    Clinton Township, MI 48038-1125
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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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