Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4900 Hedgewood Dr Midland, MI 48640-1928

    • Assisted living facilities
    • 40,297 SF
    • 3.07 lot acres
    OFF-MARKET
    Value Estimation
    $3,740,000
    Last Sale
    Dec 05, 2023
    $3,584,702
    Location Intelligence
    Property ID
    US43-2297327
    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

    • Medilodge of Midland / Wellness Center / Nursing Home
    • Michele Tessin / Occupational Therapist

    Property Details for 4900 Hedgewood Dr

    Year built
    1971
    Lot size
    3.07 lot acres
    Property size
    40,297 SF
    Zone code
    RB
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    14-06-50-166
    APU
    140650166

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,570,000
      6.5%
      $3,890,000
      7%
      $3,400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,225,000
      Geo Method
      $3,725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,745,000
      Retail
      $2,980,000
      Mixed-Use
      $3,895,000
      Hospitality
      $3,290,000
      Educational
      $3,655,000
      Residential Income
      $3,785,000
      Energy
      $3,830,000
      Income-Based Land
      $3,350,000
      Food Service
      $3,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2846
    Latitude
    43.6425
    CBSA code
    33220
    CBSA name
    MIDLAND, MI MICROPOLITAN 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
    $86,007
    $0.00
    $0.00
    $1,781,800
    -
    $0.00
    $0.00
    $3,563,600

    Comparable in this City

    • Value Estimation by Request
      39,039 SF

      5007 Universal Dr

      HOMES (RETIRED, NURSING) • 39,039 SF
      5007 Universal Dr, Midland, MI 48640-2047
      View Details
    • Value Estimation by Request
      128,960 SF

      400 Main St

      HOMES (RETIRED, NURSING) • 128,960 SF
      400 Main St, Midland, MI 48640-6502
      View Details
    • Value Estimation
      $665,000
      5,477 SF

      888 Olson Rd

      HOMES (RETIRED, NURSING) • 5,477 SF
      888 Olson Rd, Midland, MI 48640-9054
      View Details
    • Value Estimation by Request
      14,960 SF

      402 Main St

      HOMES (RETIRED, NURSING) • 14,960 SF
      402 Main St, Midland, MI 48640-5198
      View Details
    • Value Estimation by Request
      95,464 SF

      436 Main St

      HOMES (RETIRED, NURSING) • 95,464 SF
      436 Main St, Midland, MI 48640-5198
      View Details
    • Value Estimation by Request
      6,750 SF

      4421 Main St

      HOMES (RETIRED, NURSING) • 6,750 SF
      4421 Main St, Midland, MI 48640-2304
      View Details

    Similar Nearby for Sale

    • $995,000
      6,000 SF

      Versatile Commercial Building Near Hospital

      Updated 6,000 sq ft building suitable for medical, retail, office.
      2706 N Saginaw Rd, Midland, MI 48640
      View Details
    • $550,000
      1,176 SF

      Midland Industrial Development Opportunity

      High-traffic location, mixed-use zoning.
      415 Jerome St, Midland, MI 48640
      View Details
    • $350,000
      5.66 Acres

      Midland Commercial Land Opportunity

      5.66 Acres, Prime Redevelopment Site
      5200 Saginaw Rd, Midland, MI 48640
      View Details
    • $200,000
      2,488 SF

      Midland Industrial Building - Great ROI

      Profitable Business, Established 100+ Years
      1605 Bookness St, Midland, MI 48640
      View Details
    • $1,200,000
      4,000 SF

      Established Restaurant Landmark in Midland

      Operating restaurant with bar, updated interior, ample parking.
      1716 W Wackerly St, Midland, MI 48640
      View Details
    • $849,000
      10,361 SF

      Riverfront Multi-Family Home in Midland

      Spacious riverfront property with potential for various uses.
      3115 Isabella St, Midland, MI 48640
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Prime Medical Office Suite

      2640 sq ft, US-10 location
      2520 Wackerly St, Midland, MI 48640
      View Details
    • $4,500 /Mo
      3,000 SF

      Office Space in Midland, MI

      Second-floor office space available in Midland, Michigan.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $2,550 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      124 Ashman Cir, Midland, MI 48640
      View Details
    • $500 /Mo
      300 SF

      Office Space in Midland, MI

      Second floor office space available for rent in Midland.
      5103 Eastman Ave, Midland, MI 48640
      View Details
    • $2,000 /Mo
      2,500 SF

      Office Space in Midland, MI

      Office space for lease with utilities and internet included.
      1912 S Saginaw Rd, Midland, MI 48640
      View Details
    • $1,700 /Mo
      1,068 SF

      Midland Office Building For Rent

      Office building with multiple spaces available for rent in Midland.
      5103 Eastman Ave, Midland, MI 48640
      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.
    4900 Hedgewood Dr
    Midland, MI 48640-1928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.