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7461 S State Rd, Goodrich, MI 48438
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Property summary
AI-generated overview
This 3,200 square foot Class C medical office building in Goodrich, Michigan, presents a compelling owner-user or investment opportunity. Located at 7461 S State Rd, this property sits on a 1.44-acre lot and features two units, each spanning 1,581 square feet. The main floor, previously a dental office, includes three treatment rooms, a lab, a private office with its own restroom, and ample space for additional uses. A lower level unit is currently occupied by a tenant. The building, constructed in 1994, offers 24 surface parking spaces, ensuring convenient access for patients and staff. The property is available for sale by owner and is ready for occupancy on September 23, 2024. Its versatile layout makes it suitable for a variety of medical or healthcare-related businesses, or other compatible uses. The strong location in Genesee County, Michigan, offers excellent potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained property in a thriving community. The asking price is $415,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
1,581 SF
Lot
1.41 ac (61,420 SF)
Zoning code
VILLAG
APN
02-15-400-048
UPID
US43-1354773
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Dental Office
-
Pet Grooming Service
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$400k
Owner & transaction history
since 2024
2 recorded transactions
Zoning & alternative use
VILLAG · Goodrich, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 18 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$400k
Value range
$360k – $440k
±10% around blend
Estimated value / SF
$253 / SF
Confidence
High
18 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$360k
blend $400k
$440k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,581 SF
Lot area
1.41 ac
Year built
1994
APN
02-15-400-048
Zoning
VILLAG
Assessed value
$210,100
Annual tax
$8,951
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,951
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$167k
Weighted, 18 comps · high confidence
Evidence
18 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.3 mi away · 1,332 SF
9.7 mi away · 2,040 SF
10.3 mi away · 1,677 SF
11.7 mi away · 1,421 SF
11.9 mi away · 1,929 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$400k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 994 sales
$67
+277%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $253/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 18 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
9.16%
Selected cap rate for this commercial real estate
Derived from the Goodrich market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.16%
9.0%
NOI (est.)
$35k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$385k
Move the market yield to see immediate price impact.
Value / SF
$243
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.66%9.16%9.66%
$32k
$366k
$346k
$328k
$35k
$407k
$385k
$365k
$39k
$448k
$423k
$401k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
18 found
High confidence · county-verified
Closest comparable
$60k
7.5 mi · Apr 2026 · $42/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,951
Tax year 2023
Assessed value
$210,100
Assessed 2024
Previous assessed
$210,100
+0.0% YoY
Effective rate
4.26%
On assessed value
Total market value
$420,200
Applied tax rate
92.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1994
Heating
NONE
Total area
1,581 SF
Lot
1.41 ac (61,420 SF)
Zoning code
VILLAG
APN
02-15-400-048
UPID
US43-1354773
Jurisdiction
GENESEE
Zoning & alternative use
VILLAG · Goodrich, MIZoning VILLAG · permitted uses
VILLAG · Goodrich, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
1.41 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VILLAG
Jurisdiction
Goodrich, MI
Recorded code
VILLAG
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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