Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19601-19611 8 Mile Rd St. Clair Shores, MI 48080
    Back to Search
    Property profile & analytics

    19601-19611 8 Mile Rd St. Clair Shores, MI 48080

    View on Map
    • Office Spaces
    • 15,286 SF
    • 1.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 19601-19611 8 Mile Rd

    Year built
    1982
    Lot size
    1.67 lot acres
    Property size
    15,286 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This single-story, 15,286 square foot medical office building in St. Clair Shores, Michigan, offers 7,000 square feet of immediately available space. Located at 19601-19611 E. 8 Mile Rd, this Class B property boasts excellent visibility with signage on 8 Mile Road and convenient access to I-94 and nearby Grosse Pointe communities. The building, constructed in 1982, sits on a 1.67-acre lot (APN: 09-14-32-482-014) and features ample parking with 110 spaces. The available space is divisible, with a minimum of 3,000 square feet and a maximum contiguous space of 4,000 square feet. The building is zoned O-1 and has a total of two suites. This property presents a unique opportunity for medical practices seeking a well-located, established space in a thriving community. The building is under new ownership and management. Inquire for details on available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.927
    Latitude
    42.4513

    Comparable in this City

    • Value Estimation by Request
      5,133 SF

      22790 Harper Ave St

      Medical Office Space • 5,133 SF
      22790 Harper Ave St, St. Clair Shores, MI 48080
      View Details
    • Value Estimation by Request
      1,649 SF

      22730 Harper Ave

      DENTAL BUILDING • 1,649 SF
      22730 Harper Ave, Saint Clair Shores, MI 48080-1823
      View Details
    • Value Estimation
      $2,365,000
      18,990 SF

      24715 Little Mack Ave

      MEDICAL BUILDING • 18,990 SF
      24715 Little Mack Ave, Saint Clair Shores, MI 48080-3207
      View Details
    • Value Estimation
      $665,000
      4,862 SF

      22601 Harper Ave

      DENTAL BUILDING • 4,862 SF
      22601 Harper Ave, Saint Clair Shores, MI 48080-1829
      View Details
    • Value Estimation by Request
      2,127 SF

      24800 Harper Ave

      MEDICAL BUILDING • 2,127 SF
      24800 Harper Ave, Saint Clair Shores, MI 48080-1292
      View Details
    • Value Estimation by Request
      1,878 SF

      21321 Harper Ave

      DENTAL BUILDING • 1,878 SF
      21321 Harper Ave, Saint Clair Shores, MI 48080-2243
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Medical Building Suite

      Medical suite in Class A building, ideal for specialist.
      20225-20229 E 9 Mile Rd, Saint Clair Shores, MI 48080
      View Details
    • $1,695,000
      12,996 SF

      St. Clair Shores Office Building

      Multi-tenant office building in desirable St. Clair Shores/Grosse Pointe location.
      22100 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • $184,500
      1,623 SF

      St. Clair Shores Office Building

      1,623 SF office building suitable for owner-user or investment.
      22108 Harper Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing
      6,500 SF

      Freestanding Office Building on Harper

      Highly visible office building with ample parking and recent improvements.
      22708 Harper Ave, Saint Clair Shores, MI 48080
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Customizable medical space with prominent signage on a bustling road.
      24715 Little Mack Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing
      117 SF

      St Clair Shores Office Space

      Office/medical space for lease in a professionally managed building.
      22930 E 9 Mile Rd, Saint Clair Shores, MI 48080
      View Details
    • $16 SF/Yr

      Medical Suite on Greater Mack

      2,333 SF medical suite with exam rooms and lab.
      23995 Greater Mack Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing
      2,333 SF

      Saint Clair Shores Office Space

      Office space available for lease in Saint Clair Shores.
      23995 Greater Mack Ave, Saint Clair Shores, MI 48080
      View Details
    • Contact for pricing

      St. Clair Shores Office Space

      Office space available for rent in St. Clair Shores.
      1016 Greater Mack Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing

      Retail, Office, and Flex Property

      Versatile retail, office, and flex spaces available for rent.
      24000 Harper Ave, St Clair Shores, MI 48080
      View Details
    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.
    19601-19611 8 Mile Rd
    St. Clair Shores, MI 48080
    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
    19601-19611 8 Mile Rd, St. Clair Shores, MI, 48080
    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!