Medical Office Space with Exam
16000 W Warren, Detroit, MI
For Sale
$249,000
Commercial zoning and a mix of treatment, private office, and shared work areas support a range of professional uses.
Property Size1,872 SF
Price / SF$133.01
Days on Market217
Property Features for 16000 W Warren
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Condition
Property Use
Amenities
multi camera surveillance
Building Details
Buildings
Listing Agency:
Real Estate One-Dbn Hts/Dbn
(313) 565-3200
Listed By:
Ali Shariff · License MI #6501303931
(313) 506-0187
Source:
Jabachler
Added: Apr 12
Changed: Nov 11
Last Checked: Nov 13 at 12:44AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,872-square-foot medical office space has a reception area, four exam rooms, a private office, a larger work area, a bathroom, and a kitchen/break room. A rear entry opens to a broad hallway with storage. Recent updates include a rooftop furnace and A/C unit; the building also has glass block windows and multi-camera surveillance.
The property is on W Warren Ave, near major expressways. Parking is available behind the building and on Rutherford. A separate vacant parcel at 7228 Rutherford may be purchased separately and could accommodate 30+ vehicles. Commercial zoning is in place.
The property is on W Warren Ave, near major expressways. Parking is available behind the building and on Rutherford. A separate vacant parcel at 7228 Rutherford may be purchased separately and could accommodate 30+ vehicles. Commercial zoning is in place.
Key Highlights
- 1,872‑square‑foot medical office space with four exam rooms
- Reception area, private office, larger workspace, kitchen/break room, and storage
- Newer rooftop furnace and A/C unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,409
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,180
$388.2K
Cap Rate 7%
$277,271
$277.3K
Cap Rate 9%
$215,656
$215.7K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$35.9K $19.20/SF
− Vacancy
−$3.6K −$1.92/SF
EGI
$32.3K $17.28/SF
− OpEx
−$12.9K −$6.91/SF
NOI
$19.4K $10.37/SF
Area
Detroit, MI
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,180
Cap Rate 7%
$277,271
Cap Rate 9%
$215,656
Alternative Uses
Best Use
Healthcare Medical
$277.3K
$242.6K – $323.5K
NOI $19,409 @ 7.0% cap · market cap 7.79%
Second Best
Office B
$270.9K
$237.1K – $316.1K
NOI $18,965 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Average Price Trend$/SF for Medical Office Space in Detroit, MI
Properties on Market for Medical Office Space in Detroit
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial zoning and a mix of treatment, private office, and shared work areas support a range of professional uses.
Where is this medical office space located?
The property is located at 16000 W Warren 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: 1,872‑square‑foot medical office space with four exam rooms; Reception area, private office, larger workspace, kitchen/break room, and storage; Newer rooftop furnace and A/C unit
