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    Property profile & analytics
    OFF-MARKET Estimated value $3,025,000
    Office buildings

    12200 13th Mile Rd, Warren, MI 48093-3093

    48,215 SF 3.65 ac lot Built 1985
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US43-1176645
    Property summary
    AI-generated overview

    Regency Place 1, located at 12200 E. Thirteen Mile Road in Warren, Michigan, presents a compelling opportunity for businesses seeking executive office space in Macomb West submarket. This single-story, Class B office building, constructed in 1985, boasts a total of 48,614 square feet, situated on a 3.65-acre lot. The property is zoned O-2 and features 174 parking spaces for ample tenant and visitor convenience. Currently, there are 21,361 square feet of vacant space available, divisible into units as small as 708 square feet, with a maximum contiguous space of 12,432 square feet. The building offers impressive renovations and features a 14-foot ceiling height, creating a spacious and modern work environment. Building signage is available, providing excellent visibility and branding opportunities. The property's Multiple Tenancy allows for flexibility in leasing arrangements. The property's APN is 13-11-126-025, and it is located in Macomb County, Michigan, zip code 48093. This location offers easy access to major transportation routes, making it an ideal location for businesses seeking convenient access for employees and clients. Seven spaces are currently available. This is an exceptional opportunity to secure high-quality office space in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 48,215 SF
    Lot 3.65 ac (159,038 SF)
    Zoning code O
    APN 12-13-11-126-025
    UPID US43-1176645
    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
    $3.03M
    Blend (final) Blend
    $3.03M
    Owner & transaction history
    Id Regency LLC · 7 yrs held
    Id Regency LLC
    since 2018
    4 recorded transactions
    2018
    2013
    2011
    $2.6M
    1969
    Zoning & alternative use
    O · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $5.0M +9.4%
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