Warren Office Space For
For Sale
$425,000
30555 Hoover Rd, Warren, MI 48093
Office property available for sale in Warren, Michigan.
Property Size2,074 SF
Price / SF$204.92
Days on Market193
Property Features for 30555 Hoover Rd
General Information
Standard status
Active
Size
2,074 SF
Property subtype
Office
Zoning
PL
Building Details
Building Size
2,074 SF
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Robert Gojcaj · License #6501377415
(248) 637-9700
Source:
Cpix.resimplifi
Added: Mar 27
Changed: Sep 7
Last Checked: Oct 5 at 3:04PM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This commercial real estate property, categorized as office space, is available for sale. The property offers a total size of 2074 square feet and is located in Warren, Michigan.
Key Highlights
- Year Built: 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,314
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,280
$446.3K
Cap Rate 7%
$318,771
$318.8K
Cap Rate 9%
$247,933
$247.9K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$33.8K $16.32/SF
− Vacancy
−$4.1K −$1.97/SF
EGI
$29.8K $14.35/SF
− OpEx
−$7.4K −$3.59/SF
NOI
$22.3K $10.76/SF
Area
Warren, MI
Vacancy
12.10%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,280
Cap Rate 7%
$318,771
Cap Rate 9%
$247,933
Alternative Uses
Best Use
Office B
$318.8K
$278.9K – $371.9K
NOI $22,314 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,027 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48093, MI
24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
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
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Frequently Asked Questions
What type of property is this?
Office space - Office property available for sale in Warren, Michigan.
Where is this office space located?
The property is located at 30555 Hoover Rd Warren, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Year Built: 2001
