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    Warren Office Space For Sale Title is generated by Realmo AI

    30555 Hoover Rd, Warren, MI 48093

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    Office property available for sale in Warren, Michigan.

    Type:Office
    Property size:
    2,074 SF
    Price / SF:
    $204/SF
    Added:
    Dec 21, 2024
    Days on Market:
    562
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 30555 Hoover Rd

    General Information

    Standard status
    Active
    Size
    2,074 SF
    Property subtype
    Office

    Building Details

    Year Built
    2001

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    Robert Gojcaj
    Robert Gojcaj

    Listing office L. Mason Capitani

    Listing date Dec 21, 2024

    Source Crexi

    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

    HighLights

    • Year Built: 2001

    Overview

    This commercial real estate property, categorized as office space, is available for sale. The property offers a total size of 2074 square feet and is located in Warren, Michigan.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $33.8k $16.32
    − Vacancy −$4.1k −$1.97
    EGI $29.8k $14.35
    − OpEx −$7.4k −$3.59
    NOI $22.3k $10.76
    2,074 SF · lease $16.32/SF/yr · vacancy 12.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $318.8K
    $278.9K – $371.9K (±1% cap)
    NOI $22,314 @ 7.0% cap · market cap 5.25%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $457.5K
    $400.3K – $533.8K (±1% cap)
    NOI $32,027 @ 7.0% cap · market cap 7.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ear Center Audiology Physician Sharon English-Mcmellon Physician

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm Spa & Massage Center Auto Parts Store Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Pecrobet Audio — 28438 Newport Dr, Warren, MI 48088
    • Metro Gadget Repair — 28759 hoover rd, warren, mi 48093

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.007957
    Latitude
    42.519698

    FAQs

    What type of property is this?
    Office space - Office property available for sale in Warren, Michigan.
    Where is this office space located?
    The property is located at 30555 Hoover Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Year Built: 2001
    More about this property
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