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    45200 Card Rd Macomb Twp, MI 48044
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    Property profile & analytics

    45200 Card Rd, Macomb Twp, MI 48044

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    • Office buildings
    • 26,429 SF
    • 2.65 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Macomb Township Office Space Available For Lease
    $18 SF/Yr
    40,883 SF

    Macomb Township Office Space Available

    Office spaces available from 1,221 to 15,000 SF for rent.

    45200 Card Rd, Macomb, MI 48044
    View Listing
    Property ID
    US43-0615262
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michigan Law Center PLLC / Law Firm
    • Coldwell Banker Realty, Kevin Paton Real Estate / Real Estate Agency
    • Coldwell Banker- Angela Evans-Aronson / Real Estate Agency
    • Coldwell Banker Realty, Macomb, MI / Real Estate Agency
    • Farm Bureau Insurance - Jennifer Essak / Insurance Agency

    Property Details for 45200 Card Rd

    Year built
    2008
    Lot size
    2.65 lot acres
    Zone code
    O1
    Property type
    Office buildings
    APN
    20-08-35-300-041
    APU
    200835300041

    Description

    This exceptional two-story, 38,700-38,900 square foot medical office building in Macomb Township, Michigan presents a rare investment opportunity. Built in 2009 with a major renovation completed in 2017, the property boasts modern high-end finishes and spacious, customizable floor plans. The building features seven tenants under a modified lease type with yearly rent escalations, expiring September 1, 2029. Tenants are credit-rated, including franchisees and corporate guarantees, ensuring strong financial stability. The property sits on a 2.65-acre lot with ample parking for over 200 vehicles, offering convenient access and high visibility. The current Net Operating Income (NOI) is $297,996, with a pro-forma NOI of $499,124. Located at 45200 Card Rd, Macomb, MI 48044, this Class B building benefits from a prime location with easy access to major highways (I-94, I-75, and I-696) and proximity to top medical facilities. The 0-1 permitted zoning caters to a variety of professional uses. The building offers private entrance suites, ensuring a professional experience for clients and staff. This owner-user investment opportunity is ideal for those seeking a high-return asset in a rapidly growing community with limited competition. The majority of the construction, including HVAC, electrical, plumbing, concrete slab foundation, and interior completion, was completed in 2017.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,519,000
      Market price range: $1.64M - $3.52M
      AI Estimate
      $3,519,000
      Market price range: $1.64M - $3.52M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,505,000
      Current use
      RESTAURANT
      $3,745,000
      Change: +50% Conversion: Moderate
      MEDICAL BUILDING
      $3,245,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $2,755,000
      Change: +10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,715,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,275,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.895
    Latitude
    42.6308
    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
    $84,238
    $0.00
    $0.00
    $1,685,400
    -
    $0.00
    $0.00
    $3,370,800

    Comparable in this City

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      OFFICE BUILDING
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    • Value Estimation
      $2,030,000
      15,238 SF

      21851 Hall Rd

      OFFICE BUILDING
      21851 Hall Rd, Macomb, MI 48044-3720
      View Details
    • Value Estimation by Request
      1,748 SF

      46851 Garfield Rd, Unit 6

      OFFICE BUILDING
      46851 Garfield Rd, Macomb, MI 48044-5225
      View Details
    • Value Estimation
      $1,785,000
      13,410 SF

      46600 Romeo Plank Rd

      OFFICE BUILDING
      46600 Romeo Plank Rd, Macomb, MI 48044-5741
      View Details
    • Value Estimation
      $1,815,000
      15,568 SF

      20371 Hall Rd, Unit 3

      OFFICE BUILDING
      20371 Hall Rd, Macomb, MI 48044-4230
      View Details
    • Value Estimation by Request
      1,267 SF

      15310 Wellington Ctr Blvd, Unit 6

      OFFICE BUILDING
      15310 Wellington Ctr Blvd, Macomb, MI 48044-4085
      View Details

    Similar Nearby for Sale

    • $4,900,000

      Macomb Township Professional Office Building

      High-end office building with expansion potential in Macomb Township.
      45200 Card Rd Rd, Macomb, MI 48044
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    • $4,900,000
      38,000 SF

      Medical Office Building with Private Suites

      Office and medical space with main-floor private entrance suites and additional second-floor open area for custom buildout.
      45200 Card Rd, Macomb Twp, MI 48044
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      Free Standing Medical Building

      Free standing medical building in a premier location.
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      Macomb Twp Medical Office Building

      Prime Medical Office, High NOI, Macomb Twp
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      Class A Medical Office Building

      High-end medical office building with expansion potential in high-growth area.
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    Similar Nearby for Lease

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      Retail Space in Lakeside Landing

      Retail and office spaces for rent in high-traffic area.
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    • $20 SF/Yr

      Professional Office Complex For Rent

      Office suites available in a professionally managed complex.
      20371 Hall Rd, Macomb, MI 48044
      View Details
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      1,447 SF

      Class A Medical Office Space

      Medical office space in high-growth area near major roads.
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      Available Retail/Office Unit

      Last available unit suitable for retail or office use.
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    • $18 SF/Yr

      Macomb Township Office Space Available

      Office spaces available from 1,221 to 15,000 SF for rent.
      45200 Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Office Space on Romeo Plank

      General office space available with monument signage.
      46600 Romeo Plank Rd, Macomb, MI 48044
      View Details
    View Listing
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    Macomb Twp, MI 48044
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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.

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