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    23925 Denton St Clinton Township, MI 48036

    • Office Properties & Spaces
    • 2,562 SF
    • 1.47 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 23925 Denton St

    Year built
    1973
    Lot size
    1.47 lot acres
    Property size
    2,562 SF
    Property type
    Office Properties & Spaces

    Description

    This single-story, 2,562 square foot Class C office building, located at 23925 Denton St, Clinton Township, MI 48036 (West of Harper, North of Metro Parkway), offers a 1,200 square foot executive office suite for lease. Built in 1973, the property sits on a 1.47-acre lot (APN: 16-11-23-476-003) and is zoned B-1. The building features ample parking, but no elevators. The available suite boasts an efficient layout including a waiting area, five private rooms, a kitchenette, and two restrooms. Monument signage is available. This quiet office building benefits from a long-term dentist tenant as a neighbor. The minimum divisible space is 1,200 square feet, with a total of 1,200 square feet currently vacant. This presents a great opportunity for a business seeking a well-located, functional office space in Clinton Township.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8726
    Latitude
    42.5713

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      38855 Harper Ave

      Office Properties & Spaces • 4,000 SF
      38855 Harper Ave, Clinton Township, MI 48036
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    • Value Estimation by Request
      576 SF

      24310 Crocker Blvd

      OFFICE BUILDING • 576 SF
      24310 Crocker Blvd, Clinton Township, MI 48036-3214
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    • Value Estimation by Request
      2,391 SF

      43382 Nn Ave

      OFFICE BUILDING • 2,391 SF
      43382 Nn Ave, Clinton Township, MI 48036-1157
      View Details
    • Value Estimation
      $715,000
      6,702 SF

      37540 Gratiot Ave

      DENTAL BUILDING • 6,702 SF
      37540 Gratiot Ave, Clinton Township, MI 48036-2795
      View Details
    • Value Estimation by Request
      1,820 SF

      44075 Gratiot Ave

      DENTAL BUILDING • 1,820 SF
      44075 Gratiot Ave, Clinton Township, MI 48036-1312
      View Details
    • Value Estimation by Request
      1,683 SF

      39011 Harper Ave

      OFFICE BUILDING • 1,683 SF
      39011 Harper Ave, Clinton Township, MI 48036-3226
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $9 SF/Yr
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      Class A Office Suite L, Clinton Twp, MI

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      23885 Denton St, Clinton Township, MI 48036
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    • $13 SF/Yr
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      Denton Office Plaza: Executive Suites

      1,200 SF Office Suite Available in Clinton Twp
      23925 Denton St, Clinton Township, MI 48036
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    • Contact for pricing
      35,000 SF

      Executive Suites, Clinton Twp, MI

      Modern Office Space For Lease, Macomb County
      22600 Hall Rd, Clinton Township, MI 48036
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    • $14 SF/Yr
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      Prime Clinton Twp Executive Office Space

      1,700 SF Available, Macomb East
      38855 Harper Ave, Clinton Township, MI 48036
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    • $10 SF/Yr
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      Hall Road Medical Office Space

      Sublease: 2,915 SF Medical Office
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      Remodeled Office Space For Lease

      Office suite available for lease in Clinton Township, Michigan.
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    23925 Denton St
    Clinton Township, MI 48036
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    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
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