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    6200 Middlebelt Rd Garden City, MI 48135-2409
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    Property profile & analytics

    6200 Middlebelt Rd, Garden City, MI 48135-2409

    View on Map
    • Medical Office Space
    • 6,257 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US43-1763267
    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
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beaumont Urgent Care / Medical Clinic

    Property Details for 6200 Middlebelt Rd

    Year built
    2005
    Lot size
    0.59 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    35 010 01 0020 302
    APU
    35010010020302

    Description

    Exceptional investment opportunity in a prime Garden City, MI location. This Class A medical office complex consists of two buildings totaling 6,270 square feet, situated on a 0.59-acre lot with 36 parking spaces. The property features a prominent location on Middlebelt Road, boasting high visibility with a newly installed digital sign. The main building encompasses 4,200 square feet, while the secondary building offers an additional 2,070 square feet. Currently 84.05% occupied by Beaumont Urgent Care, a highly reputable tenant with a corporate lease guarantee, providing significant financial stability. The lease includes 3% annual rent bumps and 5-year renewal options, ensuring consistent income growth. The property benefits from high daily traffic counts (30,000 vehicles) at the nearby intersection of Ford Road and Middlebelt Road, and is conveniently located near a traffic signal at Middlebelt and Block Street. Nearby amenities include Garden City High School (0.5 miles), Garden City Hospital (1 mile), and various retailers such as Dollar Tree and Planet Fitness. The parking lot was recently seal-coated (August 2020). This value-add opportunity presents the potential to increase profitability by leasing the remaining vacant space. Lease renewals are anticipated in 2023. The property is well-maintained and enjoys a strategic location adjacent to Garden City Towers and AutoZone. This offering presents a compelling investment opportunity with a 6.27% cap rate and a strong tenant profile. Built in 2005, this NNN-leased property offers a secure and profitable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $767,000
      Market price range: $397k - $843k
      AI Estimate
      $767,000
      Market price range: $397k - $843k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $590,000
      Current use
      RETAIL STORES
      $1,185,000
      Change: +101% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $685,000
      Change: +17% Conversion: Easy
      RESTAURANT
      $650,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $610,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $500,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3305
    Latitude
    42.3309
    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
    2019
    $17,705
    $0.00
    $0.00
    $431,100
    -
    $0.00
    $0.00
    $862,200

    Comparable in this City

    • Value Estimation by Request
      1,750 SF

      30750 Frd Rd

      MEDICAL BUILDING
      30750 Frd Rd, Garden City, MI 48135-1803
      View Details
    • Value Estimation
      $690,000
      7,355 SF

      1647 Inkster Rd

      MEDICAL BUILDING
      1647 Inkster Rd, Garden City, MI 48135-3086
      View Details
    • Value Estimation by Request
      1,245 SF

      157 Merriman Rd

      MEDICAL BUILDING
      157 Merriman Rd, Garden City, MI 48135-1342
      View Details
    • Value Estimation
      $585,000
      5,397 SF

      30260 Cherry Hl Rd

      MEDICAL BUILDING
      30260 Cherry Hl Rd, Garden City, MI 48135-2676
      View Details
    • Value Estimation by Request
      2,262 SF

      1244 Middlebelt Rd

      MEDICAL BUILDING
      1244 Middlebelt Rd, Garden City, MI 48135-2822
      View Details
    • Value Estimation
      $630,000
      6,678 SF

      31450 Frd Rd

      MEDICAL BUILDING
      31450 Frd Rd, Garden City, MI 48135-1820
      View Details

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    Similar Nearby for Lease

    • $6,000 /Mo
      3,000 SF

      Versatile Commercial Space in Garden City

      Adaptable commercial space suitable for medical, veterinary, or professional uses.
      2079 Inkster Rd, Garden City, MI 48135
      View Details
    • Contact for pricing
      Pending

      Medical Office Space For Rent

      Fully built out medical office space with excellent visibility.
      30730 Ford Rd, Garden City, MI 48135
      View Details
    • $6,000 /Mo

      Versatile Commercial Space on Inkster

      Adaptable commercial space on Inkster Road with high visibility.
      2079 Inkster Rd, Garden City, MI 48135
      View Details
    • $2,000 /Mo

      Middlebelt Road Commercial Space Available

      Prime location with excellent frontage and exposure on Middlebelt Road.
      6629 Middlebelt Rd, Garden City, MI 48135
      View Details
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    6200 Middlebelt Rd
    Garden City, MI 48135-2409
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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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    6200 Middlebelt Rd, Garden City, MI, 48135
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