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    8282-8326 Twelve Mile Rd Warren, MI 48093

    • Neighborhood centers
    • 8,460 SF
    • 0.48 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 8282-8326 Twelve Mile Rd

    Year built
    1962
    Lot size
    0.48 lot acres
    Property size
    8,460 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This single-tenant retail property, located at 8282-8326 E 12 Mile Rd in Warren, Michigan, offers 8,460 total square feet on a 0.48-acre lot. Built in 1962, the one-story, Class C building features 1,000 square feet of vacant space, ideal for a variety of retail uses. The property boasts 30 total parking spaces and benefits from a high-traffic location on the south side of 12 Mile Road, east of Van Dyke (M-53), near the busy intersection of these major thoroughfares. Its proximity to the General Motors Tech Center provides excellent visibility and access to a large workforce. The C-2 zoning allows for flexibility in tenant selection. The property's parcel number is 12-13-15-105-007 within Macomb County, and the zip code is 48093. This presents a unique opportunity for investors or businesses seeking a well-located retail space with potential for immediate occupancy. The property's single-tenant configuration simplifies management, and the ample parking ensures convenient customer access. The surrounding area features numerous national brand retailers, further enhancing the property's appeal and potential for success.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0243
    Latitude
    42.5066

    Comparable in this City

    • Value Estimation by Request
      2,625 SF

      28944 Van Dyke Ave

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    • Value Estimation by Request

      8301 12 Mile Rd

      Retail properties
      8301 12 Mile Rd, Warren, MI 48093
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    • Value Estimation by Request
      4,400 SF

      32760 Van Dyke Ave

      Retail properties • 4,400 SF
      32760 Van Dyke Ave, Warren, MI 48093
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      5,382 SF

      32373 Van Dyke Ave

      Retail properties • 5,382 SF
      32373 Van Dyke Ave, Warren, MI 48093
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    • Value Estimation by Request
      940 SF

      8302 12 Mile Rd

      Specialty properties • 940 SF
      8302 12 Mile Rd, Warren, MI 48093
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    • Value Estimation by Request
      136,915 SF

      31140 Van Dyke Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 136,915 SF
      31140 Van Dyke Ave, Warren, MI 48093-7639
      View Details

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    Similar Nearby for Lease

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    Warren, MI 48093
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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.

    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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