Updated Medical Office
16000 W Warren Ave Detroit, MI 48228
16000 W Warren Ave, Detroit, MI, 48228
$249,000
For Sale
$249,000
Recently updated medical office building suitable for various uses.
Property Size1,872 SF
Price / SF$133.01
Days on Market101
Property Features for 16000 W Warren Ave
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing agency
Real Estate One-Dbn Hts/Dbn
(313) 565-3200
Listed by
Ali M Shariff · License #6501303931
(313) 565-3200
Source
Elliman
Added: Apr 13 Updated: Jul 10 at 12:39PM Checked: Jul 21 at 8:02AM
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 Real Estate One-Dbn Hts/Dbn
Investment Insights
Based on property information with market context.
This recently updated building on W Warren Ave is suitable for medical office use, as well as law offices, real estate offices, insurance agencies, veterinarian offices, tattoo parlors, chiropractors, and pharmacies. The 1872 square foot property features a reception area, four exam rooms, a private office, a large office or workspace area, a bathroom, and a kitchen or break room. A long, wide hall with storage is accessible from the rear entrance. The property is brightly lit with glass block windows and includes a multi-camera surveillance system. It has a newer rooftop furnace A/C unit. The property is suitable for medical, dental, lab, office, and urgent care purposes. On-site parking is available at the rear of the building and on Rutherford Street. The W Warren Streetscape project is nearing completion and will enhance the repaved W Warren with improvements such as parking spaces, public arts, reconfiguration of traffic lanes, and more. The property is close to major expressways. The location has a walk score of 60, a bike score of 47, and a transit score of 45.
Key Highlights
- Recently updated, versatile building suitable for medical, office, or other commercial uses.
- High‑visibility location on busy W Warren Ave.
- 1872 Sq Ft featuring a reception area, 4 exam rooms, private office, large workspace, bathroom, and kitchen/break room.
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 | $36.6k | $19.56 |
| − Vacancy | −$8.6k | −$4.60 |
| EGI | $28.0k | $14.96 |
| − OpEx | −$7.0k | −$3.74 |
| NOI | $21.0k | $11.22 |
1,872 SF · lease $19.56/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$363.9K
$318.4K – $424.6K
NOI $25,474 @ 7.0% cap · market cap 10.23%
Second Best
Office B
$300.1K
$262.6K – $350.2K
NOI $21,009 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Well Connect DOT ...
Medical Group
Sanders Business Services
General Contractor
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FAQs
What type of property is this?
Medical Office Space - Recently updated medical office building suitable for various uses.
Where is this medical office space located?
The property is located at 16000 W Warren Ave Detroit, MI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Recently updated, versatile building suitable for medical, office, or other commercial uses.; High‑visibility location on busy W Warren Ave.; 1872 Sq Ft featuring a reception area, 4 exam rooms, private office, large workspace, bathroom, and kitchen/break room.
