Office Building for
For Sale
$850,000
24025 Greater Mack Ave, Saint Clair Shores, MI 48080
For sale office property at 24025 Greater Mack Ave, St. Clair Shores, MI 48080.
Property Size10,950 SF
Price / SF$77.63
Days on Market203
Property Features for 24025 Greater Mack Ave
General Information
Standard status
Active
Size
10,950 SF
Class
B
Total Parking Spaces
42
Property subtype
Office
Zoning
O-1
Additional Details
Cap Rate
10%
Building Details
Building Size
10,950 SF
Buildings
1
Stories
2
Listing Agency:
Pilot Property Group
Listed By:
James Diehl · License #6501368863
(586) 337-5241
Source:
Cpix.resimplifi
Added: Apr 10
Changed: Oct 25
Last Checked: Oct 28 at 4:54AM
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 Pilot Property Group
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Investment Insights
Based on property information with market context.
This office property is being offered for sale. The public remarks reference a 10.00% CAP, indicating the seller’s stated return metric for the asset. Beyond the property type and the referenced cap information, no additional building specifications are provided in the available materials.
The address is 24025 Greater Mack Ave in St. Clair Shores, Michigan (MI 48080). Interested parties should review the full offering details to confirm building layout, condition, income assumptions, and any tenant or space specifics not included in the summary information.
The address is 24025 Greater Mack Ave in St. Clair Shores, Michigan (MI 48080). Interested parties should review the full offering details to confirm building layout, condition, income assumptions, and any tenant or space specifics not included in the summary information.
Key Highlights
- Office property for sale at 24025 Greater Mack Ave, St. Clair Shores, MI 48080
- Stated 10.00% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,695
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,900
$753.9K
Cap Rate 7%
$538,500
$538.5K
Cap Rate 9%
$418,833
$418.8K
Market Conditions
NOI Build-Up for 10,950 SF
Gross rent
$65.7K $6.00/SF
− Vacancy
−$15.4K −$1.41/SF
EGI
$50.3K $4.59/SF
− OpEx
−$12.6K −$1.15/SF
NOI
$37.7K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,900
Cap Rate 7%
$538,500
Cap Rate 9%
$418,833
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,942 @ 7.0% cap · market cap 9.52%
Second Best
Office B
$538.5K
$471.2K – $628.3K
NOI $37,695 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,501 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 48080, MI
22,272
Population
11,424
Households
1.9
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
5,062
Density / Sq Mi
$69,884
Median Household Income
$48,837
Median Earnings
$1,070
Median Rent
$188,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - For sale office property at 24025 Greater Mack Ave, St. Clair Shores, MI 48080.
Where is this office building located?
The property is located at 24025 Greater Mack Ave Saint Clair Shores, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Office property for sale at 24025 Greater Mack Ave, St. Clair Shores, MI 48080; Stated 10.00% cap rate
