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    Property profile & analytics

    503 N Euclid Ave Bay City, MI 48706

    • Office buildings
    • 26,843 SF
    • 2.02 lot acres
    For Sale
    View listing
    $1,100,000
    Last Sale
    Sep 13, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1483318
    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

    • United Steelworkers / Labor Union
    • Lep Consulting / Consultant
    • Neighborhood Home Care Services / Doctor
    • Neighborhood Home Care Services, PLLC / Home Health Care Service
    • Hospice Angels / Hospice

    Property Details for 503 N Euclid Ave

    Year built
    1964
    Lot size
    2.02 lot acres
    Property size
    26,843 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    010-B30-000-001-00
    APU
    010B3000000100

    Description

    Euclid Plaza offers exceptional office space in a highly visible location on the bustling Euclid commercial corridor. This well-maintained multi-tenant building provides convenient access and ample parking for clients and employees. Five individual office spaces are currently available, ranging in size from 300 square feet to a maximum contiguous space of 4,500 square feet. A total of 5,766 square feet of vacant space is currently available for lease. The property boasts a prominent monument sign, ensuring excellent visibility and brand exposure for tenants. Its strategic location offers easy access to major transportation arteries, including I-75, US-10, and M-13/23, providing convenient commutes for employees and clients alike. The property's Assessed Parcel Number (APN) is 010-B30-000-001-00. This is an ideal opportunity for businesses seeking a high-profile location with excellent amenities and accessibility. The building is suitable for a variety of office uses, including traditional office spaces and executive suites. Inquire today to learn more about leasing options and secure your space in this desirable Euclid location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.916
    Latitude
    43.606
    CBSA code
    13020
    CBSA name
    BAY CITY, 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
    2023
    $21,514
    $0.00
    $0.00
    $395,850
    -
    $0.00
    $0.00
    $791,700

    Comparable in this City

    • Value Estimation by Request
      1,986 SF

      301 Euclid Ave

      OFFICE BUILDING • 1,986 SF
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    • Value Estimation by Request
      3,200 SF

      3535 Old Kawkawlin Rd

      OFFICE BUILDING • 3,200 SF
      3535 Old Kawkawlin Rd, Bay City, MI 48706-2040
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    • Value Estimation by Request
      3,392 SF

      208 Euclid Ave

      OFFICE BUILDING • 3,392 SF
      208 Euclid Ave, Bay City, MI 48706-2942
      View Details
    • Value Estimation by Request
      1,638 SF

      702 Salzburg Ave

      OFFICE BUILDING • 1,638 SF
      702 Salzburg Ave, Bay City, MI 48706-5327
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    • Value Estimation by Request
      1,161 SF

      1108 Jenny St

      OFFICE BUILDING • 1,161 SF
      1108 Jenny St, Bay City, MI 48706-2921
      View Details
    • Value Estimation
      $130,000
      1,200 SF

      3364 Huron Rd

      OFFICE BUILDING • 1,200 SF
      3364 Huron Rd, Bay City, MI 48706-1555
      View Details

    Similar Nearby for Sale

    • $449,999
      4,444 SF

      Euclid Avenue Office Building

      Office building with multiple suites, parking, and high traffic location.
      615 S Euclid Ave, Bay City, MI 48706
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    • $2,900,000
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      Office, Lab, and Garage Buildings

      Three buildings near I-75 with office, lab, and garage space.
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    • $1,100,000
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      Euclid Plaza Redevelopment Opportunity

      26,843 SF property on 2.02 acres available for redevelopment.
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    • $375,000
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      Prime Bay City Office Building

      Executive Office, High NOI, Excellent Location
      510 Euclid Ave, Bay City, MI 48706
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    • $349,900
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      Renovated Bi-Level Commercial Property

      Versatile, renovated bi-level commercial property suitable for various business operations.
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    • $275,000
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      Bay City Office Building Investment

      Prime Bay City Office, 2,700 SF, 100% Occupied
      900 Midland St, Bay City, MI 48706
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    Similar Nearby for Lease

    • $12,480 /Mo
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      Bay City Office Space - 900 SF

      Versatile Bay City office space available for lease.
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    • $259 SF/Yr
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      Prime Bay City CBD Site

      1.2 Acres, 4,000 SF Office/Retail
      3480 North Union Rd, Bay City, MI 48706
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    • $2,000 /Mo
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      Office Space in Bangor Township

      3,000 SF office space available for rent.
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    • $14 SF/Yr
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      Wilder Road Plaza Retail Space

      Prime Bay County retail space, multiple suites available.
      4100 Wilder Rd, Bay City, MI 48706
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    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
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      View Details
    • $1,600 /Mo

      Retail/Office Space with Parking

      2372 sq ft commercial space with basement and parking.
      513 Garfield Ave, Bay City, MI 48706
      View Details
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    Bay City, MI 48706
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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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