Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Office/Medical/Retail Space Available Title is generated by Realmo AI

    6003 26 Mile Rd, Washington, MI 48094

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Turnkey office, medical, or retail space for rent.

    Type:Office
    Added:
    May 17, 2024
    Days on Market:
    747
    Last Refresh:
    May 12 at 8:19 pm

    Property Features for 6003 26 Mile Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2006

    Spaces For Lease

    at 6003 26 Mile Rd Contact us

    Available Space $18/Mo

    Size
    1,700 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Tony Cavataio

    Listing agent Tony Cavataio License #MI

    Listing office Pilot Property Group

    Listing date May 17, 2024

    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 Pilot Property Group

    HighLights

    • Turnkey space ready for immediate occupancy.
    • Suitable for office, medical, or retail use, offering versatile potential.
    • Built in 2006.
    • Contact broker for more information.

    Overview

    This property offers a turnkey space suitable for office, medical, or retail use. Contact the broker for further details.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Leo Terzo Agency- ... Insurance Agency Dr. Scott Witinko Alternative Medicine Practice Ronald Swain Alternative Medicine Practice The Mathew Smith Agency: ... Insurance Agency

    Suggested Use

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

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

    Similar Places Nearby

    • Shelby Veterinary Hospital — 7680 26 Mile Rd, Shelby Twp, MI 48316
    • Petco Vaccination Clinic — 7554 26 Mile Rd, Utica, MI 48316

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.054178
    Latitude
    42.713769

    Nearby Similar for Lease

    • $32,908 SF/Yr
      22,000 SF

      Washington Township Commercial Space Available

      Commercial spaces available in renovated Washington Plaza, completion September 2025.
      58531-58625 Van Dyke Ave, WashingtonTownship_Macomb, MI 48094
      View Details
    • $15,917/Mo
      14,693 SF

      Washington, MI Retail Opportunity

      Free-standing building with drive-through in Washington Township.
      63033 VAN DYKE Road, Washington, MI 48095
      View Details
    • Contact for pricing
      1,300 SF

      Drive-Thru Restaurant Space Available

      1,300 SF drive-thru unit available for lease.
      66998 Van Dyke Ave, Washington, MI 48095
      View Details
    • $7 SF/Yr

      Corner Lot with Heavy Power

      Commercial property with heavy power and potential for expansion.
      61166 Van Dyke Road, Washington, MI 48094
      View Details
    • $20 SF/Yr
      2,394 SF

      Washington Office Space For Rent

      Office space available for lease in Washington, Michigan.
      64845 Van Dyke Rd, Washington, MI
      View Details
    • Contact for pricing
      5,000 SF

      Renovated Industrial-Flex Building on 31 Mile

      5,000 sq ft industrial-flex building with office space.
      12417 31 Mile Rd, Washington, MI 48095
      View Details
    • $13 SF/Yr
      14,693 SF

      Van Dyke Retail/Office Opportunity

      Free-standing building in Washington Twp with drive-through and parking.
      63033 Van Dyke Ave, Washington, MI 48095
      View Details
    • Contact for pricing

      Retail Space in Washington Township

      Retail spaces available for lease in Washington Township, Michigan.
      58531-58625 Van Dyke Ave, Washington, MI 48094
      View Details
    • $12 SF/Yr

      Retail Space in Frontier Town

      Freestanding building in a high-visibility tourist area.
      67280 Van Dyke Ave, Washington, MI 48095
      View Details
    • Contact for pricing
      5,000 SF

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,650 to 5,000 SqFt.
      66020 Van Dyke Ave, Washington, MI 48095
      View Details
    • $23 SF/Yr

      Commercial Space For Lease

      Commercial property available for lease in Washington, Michigan.
      12150 30 Mile Rd, Washington, MI 48095
      View Details
    • $30 SF/Yr

      Retail Strip with Restaurant Space

      Proposed retail strip with restaurant and outdoor seating available.
      57750 Van Dyke Ave, Washington, MI 48094
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Turnkey office, medical, or retail space for rent.
    Where is this medical office space located?
    The property is located at 6003 26 Mile Rd Washington, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Turnkey space ready for immediate occupancy.; Suitable for office, medical, or retail use, offering versatile potential.; Built in 2006.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tony Cavataio
    Real Estate License ID: MI
    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
    6003 26 Mile Rd, Washington, MI 48094
    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!