45200 Card RdMacomb, MI 48044

Property Details for 45200 Card Rd

Year built

2008

Lot size

2.65 AC

Property size (Sq ft)

26,429 SF

Zone code

O1

Property type

Office buildings

APN

20-08-35-300-041

APU

200835300041

Description

This exceptional two-story, 38,700-38,900 square foot medical office building in Macomb Township, Michigan presents a rare investment opportunity. Built in 2009 with a major renovation completed in 2017, the property boasts modern high-end finishes and spacious, customizable floor plans. The building features seven tenants under a modified lease type with yearly rent escalations, expiring September 1, 2029. Tenants are credit-rated, including franchisees and corporate guarantees, ensuring strong financial stability. The property sits on a 2.65-acre lot with ample parking for over 200 vehicles, offering convenient access and high visibility. The current Net Operating Income (NOI) is $297,996, with a pro-forma NOI of $499,124. Located at 45200 Card Rd, Macomb, MI 48044, this Class B building benefits from a prime location with easy access to major highways (I-94, I-75, and I-696) and proximity to top medical facilities. The 0-1 permitted zoning caters to a variety of professional uses. The building offers private entrance suites, ensuring a professional experience for clients and staff. This owner-user investment opportunity is ideal for those seeking a high-return asset in a rapidly growing community with limited competition. The majority of the construction, including HVAC, electrical, plumbing, concrete slab foundation, and interior completion, was completed in 2017.

• CAP approach

  CAP return

  Valuation

  6%

  $5,496,846

  6.5%

  $5,074,012

  7%

  $4,711,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,472,169

  Geo Method

  $2,472,169

• Alternative Use

  Use

  Valuation

  Residential

  $6,291,774

  Hospitality

  $5,763,232

  Educational

  $4,794,941

  Medical

  $4,959,846

  Retail

  $7,458,798

Location Insight

City

Macomb

County

Macomb

State

Michigan

Latitude

42.6308

Longitude

-82.895

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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