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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
60005 Campground Rd 1, Washington, MI 48094-3445
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-0655816
Property summary
AI-generated overview
This exceptional 13,850 square foot Class B medical office building, situated on a 1.5-acre lot at 60005 Campground Rd, Washington, MI 48094 (North of 27 Mile, West side of Campground), presents a unique leasing opportunity. Built in 2004, the single-story building offers multiple tenancy options with a minimum divisible space of 600 square feet and a maximum contiguous space of 950 square feet. The property boasts 75 parking spaces, ensuring ample convenience for patients and staff. The building features high-end finishes and is zoned R1-B. The property's APN is 04-28-279-002. This is an ideal location for medical professionals seeking a well-maintained, conveniently located office space in Washington Township. Suite 600 is currently available as a medical sublease. The size of the available space is negotiable. Interested parties should inquire for further details regarding available suites and lease terms. This property offers a prime opportunity to establish or expand a medical practice in a thriving community.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
5,541 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CONSENT-R1B
APN
24-04-28-279-001
UPID
US43-0655816
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
Current use
Occupant on record · Public records
-
Gregory E Gould DO PC Physician
-
Campground Pediatrics + Wellness Center Medical Clinic
-
Real Results Wellness Clinic, Inc. Weight Loss Service
-
Dr. Sarab S. Neelam, MD Physician
-
Dr. Steven M. Hudock, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$820k
Owner & transaction history
Campground Properties LLC · 9 yrs held
Campground Properties LLC
since 2016
1 recorded transaction
Zoning & alternative use
CONSENT-R1B · Washington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$785,000
+15.4%
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 Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington 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
MEDICAL BUILDING
$680,000
Current use
RESTAURANT
$785,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$580,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$148 / 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
$14,719
Tax year 2022
Assessed value
$373,500
Assessed 2023
Previous assessed
$362,400
+3.1% YoY
Effective rate
3.94%
On assessed value
Total market value
$747,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Stories
1
Total area
5,541 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CONSENT-R1B
APN
24-04-28-279-001
UPID
US43-0655816
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CONSENT-R1B · Washington, MI
Zoning CONSENT-R1B · permitted uses
CONSENT-R1B · Washington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$680,000
RESTAURANT
Est. value
$785,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$570,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Campground Properties LLC
Entity
Mailing address
60005 CAMPGROUND RD STE #100, WASHINGTON, MI 48094-3446
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2016
$429,406
Campground Properties LLC
Washington Associates LLC
Warranty Deed
$343,000 · Bank Of Birmingham
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.
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