11670 Martin Rd Warren, MI 48093-4511
- Medical offices
- 6,000 SF
- 0.68 lot acres
Current Use by Public Records
- Kaiser Medical Center / Medical Clinic / Physician Assistant
- Dr. Radha K. Chitturi, MD / Physician Assistant / Internist
- Asima S Hussain Md / Family Practice Physician
- Dr. Elango Edhayan, MD / Surgeon / Doctor
- Collazo Luis M MD / Doctor
Property Details for 11670 Martin Rd
- Year built
- 1976
- Lot size
- 0.68 lot acres
- Property size
- 6,000 SF
- Zone code
- MZ
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 12-13-14-301-114
- APU
- 121314301114
Description
This exceptional 6,000 square foot medical office building in Warren, Michigan, presents a compelling owner-user opportunity. Located at 11670 Martin Road, this single-story, Class C building boasts two units currently configured for medical practices. The property sits on a 0.681-acre lot and features prominent road signage, ensuring high visibility. Currently, 75% of the building is occupied by the seller, while the remaining 25% is leased to a dentist on a month-to-month basis, providing immediate income potential. The building was constructed in 1976 and benefits from its convenient location near Ascension Macomb Hospital and easy access to I-696. A significant improvement is planned: a new parking lot is scheduled for completion in May 2024. The property is zoned for office use and has a listed asking price of $429,000. This presents a rare chance to acquire a well-situated medical office building with potential for immediate occupancy and future growth. The property's APN is 12-13-14-301-114. This is a 50% occupied property with significant upside potential for the right buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $325,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $335,000
- Mixed-Use
- $350,000
- Hospitality
- $400,000
- Educational
- $305,000
- Residential Income
- $300,000
- Energy
- $305,000
- Income-Based Land
- $390,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.005
- Latitude
- 42.4995
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
