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

    32520 Mound Rd Warren, MI 48092

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,900 /Mo

    Updated freestanding building with parking on busy Mound Road.

    Lot size:
    0.27 Acres

    Property Features for 32520 Mound Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.27 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Ali T Charara
    Ali T Charara
    Source: Elliman

    Listing Agency: CENTURY 21 Curran & Oberski Listing Agent: Ali T Charara

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

    Learn more

    Overview

    Freestanding Building on Mound Road

    This freestanding building is available for lease. The updated building is ready for occupancy and was previously used as a dentist office. It features 6 exam rooms and 2 bathrooms. A large parking lot is available.
    Location Intelligence

    Current Use by Public Records

    Mound Dental Clinic ... Dental Office N & Y Management ... Tax Preparation

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.046964
    Latitude
    42.532408

    Nearby Similar for Lease

    • New
      $4,000 /Mo
      616 SF

      Turnkey Restaurant Space Available

      Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
      14693 E Eight Mile Rd, Warren, MI 48089
      View Details
    • $2,500 /Mo
      3,500 SF

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $650 /Mo
      3,900 SF

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 Hoover Rd, Warren, MI 48093
      View Details
    • $1,800 /Mo
      13,433 SF

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 Schoenherr Rd, Warren, MI 48088
      View Details
    • $5,568 /Mo
      4,455 SF

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Ave, Warren, MI 48093
      View Details
    • Sponsored
      Contact for pricing

      MI, Madison Heights - Dequindre Rd

      Discover many ways to work your way in Brookfield Square
      27301 Dequindre Rd, Warren, MI 27301
      View Details
    • $16 SF/Yr

      Office Building For Lease

      Office building available for lease in Warren, Michigan.
      28405 Van Dyke Ave, Warren, MI 48093
      View Details
    • $15 SF/Yr

      High-Rise Office Space Available

      Premier office building in Macomb County, move-in ready options.
      30500 Van Dyke Ave, Warren, MI 48093
      View Details
    • $1,500 /Mo

      Office/Retail Space in Warren

      2,000 sqft space suitable for office or retail use.
      15093 E Thirteen Mile Rd, Warren, MI 48088
      View Details
    • $3,400 /Mo

      Retail Space on 14 Mile

      Retail space for rent with road frontage and signage.
      2830-2840 E 14 Mile Rd, Warren, MI 48092
      View Details
    • $10 SF/Yr
      2,222 SF

      Medical Office Space Available

      Move-in ready medical suites with signage opportunities near St. John’s.
      11250 13 Mile Rd, Warren, MI 48093
      View Details
    • $13 SF/Yr
      2,250 SF

      Retail Space For Lease

      Retail spaces available for lease at Frazho Plaza.
      26030-26124 Groesbeck Hwy, Warren, MI 48089
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Updated freestanding building with parking on busy Mound Road.
    Where is this medical office space located?
    The property is located at 32520 Mound Rd Warren, MI.
    What is the lease rate?
    The lease rate is $2,900 /Mo.
    What are key features of this property?
    This property features: - Free-standing building on busy Mound Road; - Fully equipped dentist office; - Six exam rooms
    (313) 274-7200
    Request Owner's contact information
    32520 Mound Rd Warren, MI 48092
    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.
    32520 Mound Rd
    Warren, MI 48092
    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
    32520 Mound Rd Warren, MI 48092
    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
    Ali T Charara
    Ali T Charara
    Real Estate License ID: 6501340600
    (313) 274-7200 (313) 289-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!