Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    13344-13488 Eleven Mile Rd Warren, MI 48089

    • Retail properties
    • 55,313 SF
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 13344-13488 Eleven Mile Rd

    Property size
    55,313 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    Warren Shopping Plaza presents a unique investment opportunity in Macomb County. This two-building retail and office complex totals 55,313 square feet and offers nine suites, with four currently available. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 19,900 square feet, providing flexibility for various business needs. The property boasts a newly renovated parking lot and roof, ensuring a well-maintained and attractive environment for tenants and customers. Its C-2 General Business zoning allows for a wide array of uses, including retail, office, and medical office spaces. Benefit from excellent visibility at the high-traffic intersection of Schoenherr and 11 Mile Roads, drawing from a substantial customer base of over 365,000 people within a five-mile radius. Join established tenants such as Dollar Tree, Future Force Staffing, Wright & Filippis, and Synergy Health Partners - Mendelson Kornblum in this thriving retail center. Ample parking is provided with 300 spaces available for tenants and customers. The single-story buildings offer easy accessibility and convenient layouts. This is an exceptional opportunity to establish or expand your business in a dynamic and well-located commercial property.

    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
    -82.9892
    Latitude
    42.4917

    Comparable in this City

    • Value Estimation by Request
      9,440 SF

      13401-13437 8 Mile Rd

      Automotive properties • 9,440 SF
      13401-13437 8 Mile Rd, Detroit, MI 48089
      View Details
    • Value Estimation by Request
      9,304 SF

      25377 Schoenherr Rd

      Individual retail properties • 9,304 SF
      25377 Schoenherr Rd, Warren, MI 48089
      View Details
    • Value Estimation by Request
      9,304 SF

      25377-25397 Schoenherr Rd

      Lifestyle centers • 9,304 SF
      25377-25397 Schoenherr Rd, Warren, MI 48089
      View Details
    • Value Estimation by Request
      9,900 SF

      13355 10 Mile Rd

      Retail properties • 9,900 SF
      13355 10 Mile Rd, Warren, MI 48089
      View Details
    • Value Estimation by Request
      9,304 SF

      25377- Schoenherr Rd

      Retail properties • 9,304 SF
      25377- Schoenherr Rd, Warren, MI 48089
      View Details
    • Value Estimation by Request
      7,435 SF

      24425 Hoover Rd

      MEDICAL BUILDING • 7,435 SF
      24425 Hoover Rd, Warren, MI 48089-1969
      View Details

    Similar Nearby for Sale

    • $450,000
      1,433 SF

      Warren Warehouse: Prime M2 Location

      1,433 SF Warehouse, $450K, M2 Zoning
      23594 Hoover Rd, Warren, MI 48089
      View Details
    • $855,000
      9,440 SF

      8 Mile Rd Industrial Complex

      9,440 SF Flex Building, High Traffic
      13401-13437 Eight Mile Rd, Detroit, MI 48089
      View Details
    • $145,000
      0.05 Acres

      Warren Retail & Residential Investment

      Prime Warren location, dual-income potential.
      23146 Van Dyke Ave, Warren, MI 48089
      View Details
    • $274,900
      2,055 SF

      Renovated Commercial Building on Van Dyke

      Turnkey commercial building renovated in 2020, suitable for various businesses.
      21511 Van Dyke Ave, Warren, MI 48089
      View Details
    • $34,500,000
      237,245 SF

      Lipari Foods Headquarters & Distribution

      237,425 SF NNN leased facility in Detroit MSA.
      26661 Bunert Rd, Warren, MI 48089
      View Details
    • $375,000
      800 SF

      Turnkey Restaurant on Busy 8 Mile

      Well-established restaurant with furniture, fixtures, and equipment included.
      14693 E 8 Mile Rd, Warren, MI 48089
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      55,313 SF

      Warren Shopping Plaza: Retail & Office Space

      Prime Macomb County location, multiple suites available.
      13344-13488 Eleven Mile Rd, Warren, MI 48089
      View Details
    • $4,500 /Mo

      Versatile Retail/Office/Medical Space Available

      High-traffic location suitable for retail, office, or medical use.
      8101-8113 E 9 Mile Rd, Warren, MI 48089
      View Details
    • Contact for pricing
      80,000 SF

      80,000 SF Build-to-Suit Opportunity

      80,000 SF build-to-suit office/hi-tech/hotel opportunity with freeway frontage.
      26255 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $20 SF/Yr
      9,000 SF

      Prime Warren Office Space Available

      9,000 SF, Brand New, Multiple Suites
      13041 10 Mile Rd, Warren, MI 48089
      View Details
    • Contact for pricing
      2,577 SF

      Renovated Medical Suite For Rent

      Newly renovated medical suite with ample parking in Warren, MI.
      25656 Schoenherr Rd, Warren, MI 48089
      View Details
    • $4,958 /Mo

      Industrial Facility with Office Space

      Well-equipped commercial/industrial facility with modern amenities and heavy-duty infrastructure.
      13920 E 9 Mile Rd Rd, Warren, MI 48089
      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.
    13344-13488 Eleven Mile Rd
    Warren, MI 48089
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.