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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
2104 11th Mile Rd Warren, MI 48091-6122
Entity Owned
~
Est. High Equity
Property ID
US43-0127966
Property summary
AI-generated overview
This exceptional property at 2104 E 11 Mile Rd, Warren, MI offers two fully-equipped, turnkey suites ideal for various businesses. Boasting a total of 10,439 square feet on a 0.89-acre lot, this one-story building provides ample space and flexibility. Suite 100 (9 rooms: 5 offices, 2 bathrooms, kitchen, waiting area) is available for $2400 per month, while Suite 700 (8 rooms: 6 offices, large divisible open area, workstation) is available for $3500 per month. Both suites feature upgraded finishes, excellent natural light, and abundant well-lit parking. The building benefits from high visibility and significant drive-by traffic on 11 Mile Road, with convenient access to I-696. Its strategic location borders Madison Heights and Warren, and is just three miles from Royal Oak. Each suite includes all utilities and CAM charges in the monthly rent, making budgeting simple and predictable. Short-term and long-term lease options are available. Exterior marquee signage is also included.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
10,439 SF
Lot
0.89 ac (38,551 SF)
Zoning code
C-2
APN
12-13-19-101-004
UPID
US43-0127966
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.22M
Owner & transaction history
Urban Square LLC
Urban Square LLC
since 2026
5 recorded transactions
Zoning & alternative use
C-2 · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+9.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
RETAIL STORES
$1,085,000
Change: +9% · Conversion: Moderate
RESTAURANT
$900,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$840,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$24,546
Tax year 2022
Assessed value
$450,470
Assessed 2023
Previous assessed
$475,050
-5.2% YoY
Effective rate
5.45%
On assessed value
Total market value
$900,940
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
1
Total area
10,439 SF
Lot
0.89 ac (38,551 SF)
Zoning code
C-2
APN
12-13-19-101-004
UPID
US43-0127966
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Warren, MI
Zoning C-2 · permitted uses
C-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$900,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$815,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Urban Square LLC
Entity
Mailing address
PO BOX 972804, YPSILANTI, MI 48197-0317
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$785,000
Urban Square LLC
Koopchand Properties LLC
Warranty Deed
—
Jun 11, 2013
$425,000
Koopchand Properties LLC
Fifth Third Bank
Deed
—
May 3, 2012
—
Fifth Third Bk
Cmp Real Estate Ents LLC
Deed In Lieu Of Foreclosure
related
—
Feb 13, 2012
$564,000
Fifth Third Bk
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
Cmp Real Estate Ents LLC
—
Deed Of Trust
related
$200,000 · First Michigan Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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