Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29703 Hoover Rd Warren, MI

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Professionally managed medical office with exam rooms and parking.

    Type:OFFICE
    Property size:
    3,543 SF
    Lot size:
    2.40 Acres
    Added:
    Mar 12, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 29 at 10:55 pm

    Property Features for 29703 Hoover Rd

    General Information

    Standard status
    Active
    Size
    3,543 SF
    Lot size
    2.40 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 29703 Hoover Rd Contact us

    We can help!

    Listing Contact
    Robert Gojcaj
    Robert Gojcaj

    Listing agent Robert Gojcaj License #MI 6501377415

    Listing office L. Mason Capitani, Inc.

    Listing date Mar 12, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of L. Mason Capitani, Inc.

    Overview

    Medical Office Space Available

    This is a professionally managed medical office center with 3,543 square feet of space available. The layout includes 9 exam rooms, a lab, private offices, and storage space. The property benefits from excellent signage and exposure on Hoover Road. Its location offers proximity to area hospitals and convenient parking. Additionally, the property is in close proximity to I-696.
    Location Intelligence

    Current Use by Public Records

    Dr. Carolann K. ... Physician Dr. Chaker H. ... Physician Antoun A Oska Pediatrician Berry Ashraf H ... Pediatrician Kimberly A. Dacey, PTA Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Warren Animal Clinic — 30918 van dyke ave, warren, mi 48093

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0073
    Latitude
    42.5124

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Restaurant Space Available

      Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
      14693 E 8 Mile Road, Warren, MI 48089
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 SCHOENHERR, Warren, MI 48088
      View Details
    • Contact for pricing

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 HOOVER Road, Warren, MI 48093
      View Details
    • Contact for pricing

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Road, Warren, MI 48091
      View Details
    • Contact for pricing

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Avenue, Warren, MI 48093
      View Details
    • $15/mo

      Warren Retail Space Available

      Retail space available for lease in Warren, Michigan.
      15102 E Thirteen Mile Road, Warren, MI 48088
      View Details
    • Sponsored
      Contact for pricing

      MI, Madison Heights - Dequindre Rd

      27301 Dequindre Rd, Warren, MI 27301
      View Details
    • Contact for pricing

      Turnkey Medical Office Space

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $15/mo

      High-Rise Office Space Available

      Premier office building in Macomb County, move-in ready options.
      30500 Van Dyke Avenue, Warren, MI 48093
      View Details
    • $11/mo

      Prime Office Space Available

      Office/medical building with ample parking and freeway access.
      2104 East 11 Mile Road, Warren, MI 48091
      View Details
    • $14/mo

      Retail Space on Van Dyke

      Retail space with high visibility and ample parking.
      32680 Van Dyke Ave, Warren, MI
      View Details
    • $17/mo

      Class A Medical Office Space

      High visibility medical office near Ascension Macomb, quick highway access.
      27450-27472 Schoenherr Rd, Warren, MI
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professionally managed medical office with exam rooms and parking.
    Where is this medical office space located?
    The property is located at 29703 Hoover Rd Warren, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Professionally managed medical office center.; 3,543 square feet available with **9 exam rooms, lab, private offices and storage**.; **Excellent signage & exposure on Hoover Road**.
    (248) 637-9700
    We can help!
    Listing Contact
    Robert Gojcaj
    Robert Gojcaj
    Real Estate License ID: MI 6501377415
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!