Two-Story Medical Office
31500 Schoenherr Road Unit SourceFi Warren, MI 48088
31500 Schoenherr Road Unit SourceFi, Warren, MI, 48088
$349,500
For Sale
$349,500
Newly remodeled two-story office with reception, X-ray room, multiple restrooms, and an equipped kitchen.
Property Size2,400 SF
Price / SF$145.63
Days on Market87
Property Features for 31500 Schoenherr Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1947
Listing Agency
Pilot Property Group - Residential LLC
(586) 291-0499
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Source
Xome
Added: Apr 24 Checked: Jul 19 at 1:54 am
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 - Residential LLC
Investment Insights
Based on property information with market context.
This newly remodeled and renovated two-story medical office building offers a flexible layout for professional use. The interior includes a welcoming reception area, an X-ray room, multiple restrooms, and a fully equipped kitchen space.
The property is located on Schoenherr Road in Warren, MI, and features monument signage available. The building’s configuration spans both first and second floors, providing an organized option for businesses that want dedicated space across levels.
The property is located on Schoenherr Road in Warren, MI, and features monument signage available. The building’s configuration spans both first and second floors, providing an organized option for businesses that want dedicated space across levels.
Key Highlights
- Newly remodeled, two‑story office formerly used as a thriving medical office
- Layout includes a welcoming reception area plus an X‑ray room
- Multiple restrooms and a fully equipped kitchen space
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $19.20 |
| − Vacancy | −$2.8k | −$1.15 |
| EGI | $43.3k | $18.05 |
| − OpEx | −$17.3k | −$7.22 |
| NOI | $26.0k | $10.83 |
2,400 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$371.3K
$324.9K – $433.2K
NOI $25,989 @ 7.0% cap · market cap 7.44%
Second Best
Office B
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto Accident Treatment ...
Alternative Medicine Practice
Auto Accident Treatment ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Newly remodeled two-story office with reception, X-ray room, multiple restrooms, and an equipped kitchen.
Where is this medical office space located?
The property is located at 31500 Schoenherr Road Unit SourceFi Warren, MI.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Newly remodeled, two‑story office formerly used as a thriving medical office; Layout includes a welcoming reception area plus an X‑ray room; Multiple restrooms and a fully equipped kitchen space
