Medical Office
3701 E 13 Mile Rd, Warren, MI 48092
For Sale
$1,950,000
C-1 zoning accommodates office or medical use in Warren.
Property Size8,159 SF
Price / SF$238
Days on Market47
Property Features for 3701 E 13 Mile Rd
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NAI Farbman - Corporate
Listed By:
Kristi Lawton · License #6501371260
(248) 798-9828
Source:
Naiglobal
Added: Sep 24
Last Checked: Nov 8 at 3:05AM
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 NAI Farbman - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property contains 8,159 square feet and was built in 1988. Its C-1 zoning is designated for office or medical use.
The building is located at 3701 E 13 Mile Rd in Warren, Michigan.
The building is located at 3701 E 13 Mile Rd in Warren, Michigan.
Key Highlights
- 8,159 SF medical office building
- Built in 1988
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,352
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,040
$1.8M
Cap Rate 7%
$1,262,171
$1.3M
Cap Rate 9%
$981,689
$981.7K
Market Conditions
NOI Build-Up for 8,159 SF
Gross rent
$156.7K $19.20/SF
− Vacancy
−$9.4K −$1.15/SF
EGI
$147.3K $18.05/SF
− OpEx
−$58.9K −$7.22/SF
NOI
$88.4K $10.83/SF
Area
Warren, MI
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,040
Cap Rate 7%
$1,262,171
Cap Rate 9%
$981,689
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,352 @ 7.0% cap · market cap 4.53%
Second Best
Office B
$1.25M
$1.10M – $1.46M
NOI $87,782 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,993 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48092, MI
27,186
Population
11,052
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
3,356
Density / Sq Mi
$71,761
Median Household Income
$40,174
Median Earnings
$1,186
Median Rent
$205,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Macomb County, MI
Properties on Market for Medical Office Space in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-1 zoning accommodates office or medical use in Warren.
Where is this medical office space located?
The property is located at 3701 E 13 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,159 SF medical office building; Built in 1988; C‑1 zoning
