Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Units on 25 Mile Road Title is generated by Realmo AI

    16984 25 Mile Road, Macomb, MI 48042

    View on Map
    Claim this Listing
    For Lease
    $3,125/Mo $25 SF/Yr (calc)

    COMMERCIAL - Macomb, MI

    Property size:
    1,500 SF
    Lot size:
    0.46 Acres
    Added:
    Jan 16, 2025
    Days on Market:
    504
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 16984 25 Mile Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    20-08-08-101-045
    Size
    1,500 SF
    Lot size
    0.46 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft

    Listing agent Boyd C. Kraft License #6506047213

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jan 16, 2025

    MLS# 50164681

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction built in 2025
    • Water service: public
    • Parking available in a parking lot
    • C‑1/O‑1 development use indicated
    • Plans available for a 25 Mile site with 1,500 to 6,000 units available

    Overview

    This listing offers office units available for lease in the 1,500 to 6,000 square foot range. Site plans are available to review the available configurations. The property is presented with leasing availability restricted to C-1/O-1.

    The site is located at 16984 25 Mile Road in Macomb, Michigan (Macomb County). The offering is described as a multi-unit opportunity on the 25 Mile site, with the provided documentation including site plans.

    For tenants seeking a smaller-to-mid size office footprint, the unit range supports a variety of operating needs, from single-office users to teams that require additional space. The stated C-1/O-1 limitation is an important consideration for professional office users and other operations that align with that allowable use designation. Prospective tenants and brokers can request the site plans to confirm layout and fit before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.954744
    Latitude
    42.700563

    Nearby Similar for Lease

    • $3,200/Mo
      3,200 SF

      Retail Storefront with Parking

      Retail storefront in Macomb with convenient parking and signage opportunities, participating in the Social District event series.
      23515 Nine Mack Drive, Macomb, MI 48080
      View Details
    • $11,145/Mo
      10,700 SF

      Clear-Span Industrial Warehouse Space

      Clean, clear-span warehouse with epoxy flooring and natural daylight, ready for occupancy with no office buildout.
      46266 Erb Drive, Macomb, MI 48042
      View Details
    • $5,579/Mo
      5,356 SF

      Clear Span Main Road Industrial Space

      Corner warehouse on Main Road with epoxy flooring and abundant natural light, minutes from major expressways.
      46262 Erb Drive, Macomb, MI 48042
      View Details
    • $2,299/Mo
      1,500 SF

      Automotive Service Shop with Garage Doors

      Shop includes lobby and private office, with tall overhead garage doors; mechanical work is not permitted.
      163 Groesbeck Highway, Macomb, MI 48043
      View Details
    • $4,800/Mo
      4,000 SF

      Functional Industrial Space Available

      Light industrial space with open layout and convenient access.
      51477 Industrial, Macomb, MI 48042
      View Details
    • $5,000/Mo
      2,300 SF

      Turn-Key 4-Bay Oil Change Shop

      Turn-key 4-bay oil change setup with equipment in place and ready for a new automotive operator.
      161 Groesbeck Highway, Macomb, MI 48043
      View Details
    • $2,299/Mo
      1,500 SF

      Automotive Detailing Shop with Office

      Freestanding auto shop with tall overhead doors, lobby, and private office for detailing and related services.
      163 N Groesbeck Highway, Macomb, MI 48043
      View Details
    • $3,125/Mo
      1,500 SF

      Multi-Unit Office Suites

      Up to four office suites are available for flexible occupancy options along 25 Mile Road.
      17016 25 Mile Road, Macomb, MI 48042
      View Details
    • $18 SF/Yr
      40,883 SF

      Macomb Township Office Space Available

      Office spaces available from 1,221 to 15,000 SF for rent.
      45200 Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Road | Macomb, MI 48044
      View Details
    • $12 SF/Yr
      5,630 SF

      Macomb Industrial Space Available

      Industrial property available for lease in Macomb, Michigan.
      51027-51045 Industrial Dr, Macomb, MI
      View Details
    • $13 SF/Yr
      9,961 SF

      Macomb Warehouse Space Available

      9,961 SF warehouse space for lease in Macomb.
      17625 23 Mile Road, Macomb, MI, 48042
      View Details

    FAQs

    What type of property is this?
    Office units - Leasing options ranging from 1,500 to 6,000 square feet, with site plans available for C-1/O-1 use.
    Where is this office units located?
    The property is located at 16984 25 Mile Road Macomb, MI.
    What is the lease rate?
    The lease rate is $3,125 /Mo.
    What are key features of this property?
    This property features: New construction built in 2025; Water service: public; Parking available in a parking lot
    (586) 243-3488
    We can help!
    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft
    Real Estate License ID: 6506047213
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16984 25 Mile Road, Macomb, MI 48042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!