Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grosse Pointe Woods Office Space Title is generated by Realmo AI

    19822 MACK Avenue, Grosse Pointe Woods, MI 48236

    View on Map
    Claim this Listing
    For Lease
    Under Contract
    $1,500/Mo $16 SF/Yr (calc)

    Real Estate Only - Grosse Pointe Woods, MI

    Property size:
    1,117 SF
    Lot size:
    0.04 Acres
    Added:
    Apr 20, 2023
    Days on Market:
    1128
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 19822 MACK Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial,Multiple,Office
    Standard status
    Active Under Contract
    APN
    40012010435001
    Size
    1,117 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1959
    Year renovated
    2022
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    James Bufalino

    Listing agent James Bufalino

    Listing office Premier Property Services LLC 19822 Mack Avenue, Grosse Pointe Woods, MI

    Listing date Apr 20, 2023

    MLS# 20230029410 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated professional office space
    • Prime location in the heart of Grosse Pointe Woods
    • Includes 3 private offices and a conference room
    • ADA approved bathroom
    • Two private parking spaces plus ample street parking
    • Zoning allows for retail use

    Overview

    This professional office space is located in Grosse Pointe Woods, Michigan. The 1,100+ square foot building was fully renovated a few years ago and features 3 private offices, one ADA-approved bathroom, and a front entry conference room. It includes two private parking spaces, with ample street parking available. The tastefully decorated unit offers a turn-key opportunity for professional use. The property is located in close proximity to numerous national retailers and local businesses, with convenient freeway access. The zoning allows for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Grosse Pointe Woods
    County
    Wayne
    State
    Michigan
    Longitude
    -82.8975
    Latitude
    42.4243

    Nearby Similar for Lease

    • $1,450/Mo
      3,470 SF

      Renovated Office Space on Mack

      Newly renovated office space in Grosse Pointe Woods available for lease.
      20227 MACK Avenue, Grosse Pointe Woods, MI 48236
      View Details
    • Contact for pricing
      4,230 SF

      Retail Space in Pointe Plaza

      Retail space available in vibrant Grosse Pointe Woods shopping center.
      19187 Mack Ave, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing
      17,600 SF

      Grosse Pointe Woods Retail Center

      Planned 11,000 SF strip center in Grosse Pointe Woods.
      20160 Mack Ave, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing
      2,750 SF

      Freestanding Building in Grosse Pointe

      Highly visible retail building with parking in Grosse Pointe Woods.
      20481 Mack Ave, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing
      6,643 SF

      Freestanding Building in Grosse Pointe

      Highly visible 6,643 SF building with rare parking opportunity.
      19770 Mack Ave, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing

      Mack Avenue Retail/Office Space

      Located on Mack Avenue in Grosse Pointe Woods.
      21300 Mack Ave, Grosse Pointe Woods, MI 48236
      View Details
    • Contact for pricing
      2,800 SF

      Grosse Pointe Woods Retail/Office Space

      2,800 SF retail, office, or medical space for lease.
      19483 Mack Ave, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing
      3,000 SF

      Grosse Pointe Woods Retail Space

      Retail space in high-traffic Grosse Pointe Woods location.
      1925 Vernier Rd, Grosse Pointe Woods, MI
      View Details
    • Contact for pricing
      10,345 SF

      Grosse Pointe Woods Office Space

      Office space available for lease in Grosse Pointe Woods.
      19251 Mack Ave, Grosse Pointe Woods, MI
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space in Grosse Pointe Woods, suitable for retail.
    Where is this office units located?
    The property is located at 19822 MACK Avenue Grosse Pointe Woods, MI.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Fully renovated professional office space; Prime location in the heart of Grosse Pointe Woods; Includes **3 private offices and a conference room**
    (313) 806-1303
    We can help!
    Listing Contact
    James Bufalino
    Real Estate License ID: 6501313711
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19822 MACK Avenue, Grosse Pointe Woods, MI 48236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!