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    Property profile & analytics
    OFF-MARKET Estimated value $6,865,000
    Medical Office Space

    11900 12th Mile Rd, Warren, MI 48093-3400

    61,279 SF 4.07 ac lot Built 1992
    Entity Owned 22-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1613193
    Property summary
    AI-generated overview

    This exceptional medical office building, located at 11900 E 12 Mile Rd in Warren, Michigan, presents a unique investment opportunity. The property, totaling 56,706 square feet, was constructed in 1992 and is situated in Macomb County, zip code 48093. Currently, there is a total of 1,944 square feet of vacant space available, offering immediate potential for expansion or new tenancy. The building is configured for multiple tenants, with two immediately available spaces ranging from 4,208 to 4,681 square feet. This presents a flexible opportunity for practices seeking expansion or new businesses looking to establish a presence in a thriving medical community. The building's location on E 12 Mile Rd provides excellent visibility and accessibility, ensuring convenient access for patients and staff. The property's classification as a medical office building reflects its suitability for a variety of healthcare-related businesses. This is an excellent opportunity to acquire a well-established medical office building in a desirable location with immediate income potential and room for growth. The building's size and layout offer significant flexibility for various medical practices. The available space is ready for immediate occupancy, making this a turnkey solution for healthcare providers. This property offers a strong investment opportunity in a stable and growing market.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1992
    Total area 61,279 SF
    Lot 4.07 ac (177,289 SF)
    Zoning code O
    APN 12-13-14-101-006
    UPID US43-1613193
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.86M
    Blend (final) Blend
    $6.87M
    Owner & transaction history
    Hr Acquistion I Corp · 22 yrs held
    Hr Acquistion I Corp
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    O · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $6.4M +28.6%
    Office building $5.8M +17.5%
    Restaurant $5.3M +7.1%
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