Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Regional Shopping Center For Lease Title is generated by Realmo AI

    26013 Hoover Rd, Warren, MI 48089

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    280,719 SF shopping center with national and local tenants.

    Type:Retail, Restaurant
    Property size:
    280,719 SF
    Added:
    Mar 2, 2021
    Days on Market:
    1903
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 26013 Hoover Rd

    General Information

    Standard status
    Active
    Size
    280,719 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 26013 Hoover Rd Contact us

    We can help!

    Listing Contact
    Jude Crayton
    Jude Crayton

    Listing agent Jude Crayton License #SC #45777

    Listing office Coastal Equities

    Listing date Mar 2, 2021

    Source Crexi

    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 Coastal Equities

    HighLights

    • Anchored by Kroger supermarket, Dunham's Sports, Advance Auto Parts, CVS, and Shopper's World.
    • Located on Hoover Road just south of I‑696 in Warren, MI.
    • Regional shopping center with 280,719 SF of space.
    • Home to over 30 successful local, regional, and national tenants.
    • Community shopping center.
    • Located in the city of Warren, MI.

    Overview

    Hoover Eleven is a 280,719 square foot regional shopping center located on Hoover Road, south of I-696 in Warren, Michigan. The community shopping center is anchored by Kroger supermarket, Dunham's Sports, Advance Auto Parts, CVS, and Shopper's World. It is home to over 30 local, regional, and national tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.00651
    Latitude
    42.485638

    Nearby Similar for Lease

    • $4,000/Mo
      616 SF

      Turnkey Restaurant Space Available

      Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
      14693 E 8 Mile Road, Warren, MI 48089
      View Details
    • $7,204/Mo
      13,300 SF

      Office Space in Warren, MI

      Office space available for lease in Warren, Michigan.
      21225 Mullin, Warren, MI 48089
      View Details
    • $1,800/Mo
      13,433 SF

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 SCHOENHERR, Warren, MI 48088
      View Details
    • $650/Mo
      3,900 SF

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 HOOVER Road, Warren, MI 48093
      View Details
    • $2,500/Mo
      3,500 SF

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Road, Warren, MI 48091
      View Details
    • $5,568/Mo
      4,455 SF

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Avenue, Warren, MI 48093
      View Details
    • Sponsored
      Contact for pricing

      MI, Madison Heights - Dequindre Rd

      27301 Dequindre Rd, Warren, MI 27301
      View Details
    • $40,000 SF/Yr
      6,480 SF

      Industrial Property with Shop and Office

      Versatile industrial space with shop, office, and outdoor area.
      22728 Hoover, Warren, MI 48089
      View Details
    • $4,000/Mo
      600 SF

      Turnkey Diner/Take-Out Restaurant

      Fully operational 600 sq ft restaurant available for lease.
      14693 E 8 Mile Rd, Warren, MI 48089
      View Details
    • $15 SF/Yr
      16,000 SF

      Warren Retail Space Available

      Retail space available for lease in Warren, Michigan.
      15102 E Thirteen Mile Road, Warren, MI 48088
      View Details
    • $650/Mo
      850 SF

      Office Suites For Rent

      Three office suites available for rent with private bathrooms.
      27440 HOOVER Rd, Warren, MI 48093
      View Details
    • $3,750/Mo
      5,600 SF

      Industrial Building for Lease

      5,600 sq ft light industrial building for lease.
      11408 Timken Ave, Warren, MI 48089
      View Details

    FAQs

    What type of property is this?
    Shopping center - 280,719 SF shopping center with national and local tenants.
    Where is this shopping center located?
    The property is located at 26013 Hoover Rd Warren, MI.
    What are key features of this property?
    This property features: Anchored by Kroger supermarket, Dunham's Sports, Advance Auto Parts, CVS, and Shopper's World.; Located on Hoover Road just south of I‑696 in Warren, MI.; Regional shopping center with **280,719 SF of space**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jude Crayton
    Jude Crayton
    Real Estate License ID: SC #45777
    Learn More
    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
    26013 Hoover Rd, Warren, MI 48089
    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!