Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Saint Clair Shores, MI 48081

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office complex with prominent signage and on-site property management.

    Property size:
    4,533 SF

    Property Features for

    General Information

    Size
    4,533 SF

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Robert Gojcaj
    Source: Corfac

    Listing Agent: Robert Gojcaj

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

    Learn more

    Overview

    Professionally Managed Office Complex

    This professionally owned and managed office complex is located west of Harper Avenue and south of East Eleven Mile. Up to 2,492 square feet of space is available within the 4,533 square foot property. The complex features prominent signage on Harper Avenue and is in close proximity to I-94 and I-696. On-site property management is provided.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Saint Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8992
    Latitude
    42.495

    Nearby Similar for Sale

    • $325,000
      1,784 SF

      St. Clair Shores Commercial Property

      Commercial property with salon and apartment in St. Clair Shores.
      22210 Harper Ave, St Clair Shores, MI 48080
      View Details
    • $795,000
      5,497 SF

      Saint Clair Shores Office Building

      Well-maintained office building in desirable St. Clair Shores location.
      23001 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • $199,999
      1,224 SF

      Updated Office or Retail Space

      Renovated 1,224 SF office/retail space in St. Clair Shores.
      28410 Harper Ave, St Clair Shores, MI 48081
      View Details
    • $259,900
      2,400 SF

      St. Clair Shores Office Condo

      Former dental/surgical office with great potential for medical or general use.
      28018 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing
      8,138 SF

      Freestanding Office Building on Harper

      Highly visible office building with ample parking and recent improvements.
      22708 Harper Ave, Saint Clair Shores, MI 48080
      View Details
    • Contact for pricing
      7,430 SF

      Professional Building with Suites Available

      Professional building with office and medical suites, excellent exposure.
      21603-21611 E Eleven Mile Rd, Saint Clair Shores, MI 48081
      View Details
    • $1,695,000
      12,996 SF

      St. Clair Shores Office Building

      Multi-tenant office building in desirable St. Clair Shores/Grosse Pointe location.
      22100 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • $650,000

      Thriving Business and Building

      Turnkey veterinary practice or medical/office in prime location.
      28730 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing
      6,810 SF

      St. Clair Shores Office Building

      Office building with available space for lease or sale.
      24001 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • Contact for pricing
      7,048 SF

      Professional Office Building For Sale

      Professional office building in Saint Clair Shores, suitable for various uses.
      25319 Little Mack Ave, Saint Clair Shores, MI 48081
      View Details
    • Contact for pricing
      22,000 SF

      Class A Medical Building Suite

      Medical suite in Class A building, ideal for specialist.
      20225-20229 E 9 Mile Rd, Saint Clair Shores, MI 48080
      View Details
    • $599,000

      Office Building with Private Offices

      Office building featuring 15 private offices and ample parking.
      27320 Harper Ave, St Clair Shores, MI 48081
      View Details

    FAQs

    What type of property is this?
    Office space - Office complex with prominent signage and on-site property management.
    Where is this office space located?
    The property is located at Saint Clair Shores, MI.
    What is the asking price?
    The asking price for this property is $16.
    What are key features of this property?
    This property features: - Up to 2,492 SF Available in this professionally owned & managed office complex.; - Benefit from prominent signage on Harper Avenue.; - Conveniently located in close proximity to I-94 & I-696.
    (586) 907-7155
    Request Owner's contact information
    Saint Clair Shores, MI 48081
    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.
    Saint Clair Shores, MI 48081
    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
    Saint Clair Shores, MI 48081
    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

    We can help!
    Listing Contact
    Robert Gojcaj
    (586) 907-7155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.