Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Mount Clemens Office Opportunity Title is generated by Realmo AI

    117 Crocker Blvd, Mount Clemens, MI 48043

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

    2,204 SF office space for sale in downtown Mount Clemens.

    Type:Office
    Property size:
    2,204 SF
    Price / SF:
    $140/SF
    Added:
    Feb 26, 2024
    Days on Market:
    816
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 117 Crocker Blvd

    General Information

    Standard status
    Active
    Size
    2,204 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Daniel McCleary
    Daniel McCleary

    Listing agent Daniel McCleary License #MI 6502113479

    Listing office NAI Farbman Southfield

    Listing date Feb 26, 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 NAI Farbman Southfield

    HighLights

    • Price reduction makes this an even better opportunity!
    • Ideal owner/user opportunity to own your office space.
    • 2,204 SF of office space available for sale.
    • Located in downtown Mount Clemens.

    Overview

    This 2,204 square foot office space is available for sale in downtown Mount Clemens. This property presents an owner/user opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.872536
    Latitude
    42.593067

    Nearby Similar for Sale

    • $550,000
      5,529 SF

      Commercial Property in Mt. Clemens

      Commercial property with established tenants in high-traffic area.
      209 Northbound Gratiot Avenue, Mt. Clemens, MI 48043
      View Details
    • $250,000
      2,572 SF

      Victorian Duplex in Mt. Clemens

      Charming Victorian duplex with investment or owner-occupant potential.
      98 ELDREDGE Street, Mt. Clemens, MI 48043
      View Details
    • $324,900
      2,326 SF

      Remodeled Multi-Family Property, Mount Clemens

      Move-in ready, remodeled multi-family property suitable for residential or commercial use.
      273 Southbound Gratiot, Mount Clemens, MI 48043
      View Details
    • $239,000
      2,450 SF

      Duplex in Mount Clemens, MI

      Duplex with income potential near shopping and dining.
      121 Jones St, Mount Clemens, MI 48043
      View Details
    • $349,900
      2,134 SF

      Updated Triplex in Mount Clemens

      Well-maintained triplex with modern updates and full occupancy.
      40 Ahrens, Mount Clemens, MI 48043
      View Details
    • $239,900
      1,969 SF

      Occupied Multifamily Investment Opportunity

      Five-unit multifamily property in Mt. Clemens with long-term tenants.
      104 Grand Avenue, Mt. Clemens, MI 48043
      View Details
    • $529,000
      3,702 SF

      Remodeled Commercial Property in Downtown

      Prime commercial property in downtown Mount Clemens' bustling social district.
      104 MACOMB Pl, Mt Clemens City, MI 48043
      View Details
    • $475,000
      3,934 SF

      Historic Office and Retail Building

      Historic Mt. Clemens building suitable for office or retail.
      56 Macomb Place, Mt Clemens City, MI 48043
      View Details
    • $529,000
      3,702 SF

      Remodeled Commercial Property in Mt. Clemens

      Prime commercial property in downtown Mt. Clemens with high-end remodel.
      104 MACOMB, Mt. Clemens, MI 48043
      View Details
    • $550,000

      Established Retail Property For Sale

      High-traffic location with long-term tenants, strong investment opportunity.
      209 Northbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $324,900

      Remodeled Multi-Unit Property

      Move-in ready, remodeled two-unit property with potential for lot split.
      273 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $250,000

      Charming Victorian Duplex Investment Opportunity

      Victorian duplex with rental income potential in Mt. Clemens.
      98 ELDREDGE St, Mount Clemens, MI 48043
      View Details

    FAQs

    What type of property is this?
    Office units - 2,204 SF office space for sale in downtown Mount Clemens.
    Where is this office units located?
    The property is located at 117 Crocker Blvd Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Price reduction makes this an even better opportunity!; Ideal owner/user opportunity to own your office space.; 2,204 SF of office space available for sale.
    (586) 871-5155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel McCleary
    Daniel McCleary
    Real Estate License ID: MI 6502113479
    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
    117 Crocker Blvd, Mount Clemens, MI 48043
    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!