Two-Building Office
For Sale
Contact for pricing
25033 W Warren Street, Dearborn Heights, MI 48127
Separate tax identifiers allow the adjacent buildings to be leased independently or together.
Property Size3,300 SF
Price / SF$0.94
Days on Market17
Property Features for 25033 W Warren Street
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Additional Details
Office Units
2
Property Use
Office, Medical, Professional Services
Amenities
conference rooms
Building Details
Year Built
1947
Buildings
2
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 2:57PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
Two adjacent office buildings at 25033 W Warren Street offer a combined 3,300 square feet. Their layouts include multiple private offices and conference rooms, with three restrooms across the property. Each building has its own tax identification number, allowing the spaces to be considered separately or together.
Side parking is available for tenants and visitors. The buildings were constructed in 1947.
Side parking is available for tenants and visitors. The buildings were constructed in 1947.
Key Highlights
- Two adjacent buildings with a combined 3300 square feet
- Multiple private offices and conference rooms
- Three restrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,200
$227.2K
Cap Rate 7%
$162,286
$162.3K
Cap Rate 9%
$126,222
$126.2K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$19.8K $6.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$15.1K $4.59/SF
− OpEx
−$3.8K −$1.15/SF
NOI
$11.4K $3.44/SF
Area
Wayne 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%
$227,200
Cap Rate 7%
$162,286
Cap Rate 9%
$126,222
Alternative Uses
Best Use
Healthcare Medical
$496.4K
$434.4K – $579.2K
NOI $34,751 @ 7.0% cap · market cap 1,121.00%
Second Best
Office B
$162.3K
$142.0K – $189.3K
NOI $11,360 @ 7.0% cap · market cap 366.45%
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 1,379.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
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Business Placement
Demographics for 48127, MI
41,222
Population
14,616
Households
2.8
Avg Household Size
35
Median Age
29%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
5,354
Density / Sq Mi
$63,084
Median Household Income
$35,340
Median Earnings
$1,231
Median Rent
$217,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Separate tax identifiers allow the adjacent buildings to be leased independently or together.
Where is this office unit located?
The property is located at 25033 W Warren Street Dearborn Heights, MI.
What are key features of this property?
This property features: Two adjacent buildings with a combined 3300 square feet; Multiple private offices and conference rooms; Three restrooms across the property
