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Property profile & analytics
OFF-MARKET Estimated value $770,000
Medical Office Space

6200 Middlebelt Rd Garden City, MI 48135-2409

6,257 SF 0.59 ac lot Built 2005
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1763267
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 6,257 SF
Lot 0.59 ac (25,700 SF)
APN 35 010 01 0020 302
UPID US43-1763267
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
  • Beaumont Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$770k
Owner & transaction history
FTR PROPERTIES LLC
FTR PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +100.9%
Commercial (general) $685,000 +16.6%
Restaurant $650,000 +10.0%
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