Medical Office
W 10801 W Warren Avenue Unit SourceFi Dearborn, MI 48126
W 10801 W Warren Avenue Unit SourceFi, Dearborn, MI, 48126
$675,000
For Sale
$675,000
For sale medical office building on Warren Avenue in Dearborn, currently occupied by a medical doctor and updated for modern use.
Property Size2,834 SF
Price / SF$238.18
Days on Market57
Property Features for W 10801 W Warren Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,834 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
ARG Realty
(313) 903-0341
Listed by
Qassim Al-Omairi · License #6501375961
(313) 903-0341
Source
Xome
Added: May 24 Checked: Jul 18 at 2:20 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 ARG Realty
Investment Insights
Based on property information with market context.
This medical office building is just under 3,000 square feet and is currently occupied by a medical doctor providing income. The property features modern updates, and it can accommodate use by an owner-operator or shared use depending on how the space is configured.
Located right in the heart of Warren Avenue in Dearborn, the building is positioned on the desirable Warren Avenue corridor. The property is suited for healthcare-related services, including pharmacy, therapy, or a medical spa concept, based on the intended use described in the listing remarks.
Available for sale, this is an income-producing healthcare office option on a prominent avenue setting.
Located right in the heart of Warren Avenue in Dearborn, the building is positioned on the desirable Warren Avenue corridor. The property is suited for healthcare-related services, including pharmacy, therapy, or a medical spa concept, based on the intended use described in the listing remarks.
Available for sale, this is an income-producing healthcare office option on a prominent avenue setting.
Key Highlights
- Medical office building on Warren Ave in Dearborn, currently occupied by a medical doctor
- Building size is just under 3,000 SF
- Lot dimensions listed as 42,109
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 | $57.8k | $20.40 |
| − Vacancy | −$4.6k | −$1.63 |
| EGI | $53.2k | $18.77 |
| − OpEx | −$21.3k | −$7.51 |
| NOI | $31.9k | $11.26 |
2,834 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$455.9K
$398.9K – $531.9K
NOI $31,913 @ 7.0% cap · market cap 4.73%
Second Best
Office B
$446.2K
$390.4K – $520.5K
NOI $31,232 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$625.2K
$547.0K – $729.4K
NOI $43,763 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dearborn Wound Center
Medical Clinic
Health Care Pharmacy
Pharmacy
Hayat Chiropractic Center
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - For sale medical office building on Warren Avenue in Dearborn, currently occupied by a medical doctor and updated for modern use.
Where is this medical office space located?
The property is located at W 10801 W Warren Avenue Unit SourceFi Dearborn, MI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Medical office building on Warren Ave in Dearborn, currently occupied by a medical doctor; Building size is just under 3,000 SF; Lot dimensions listed as 42,109
