Property profile

16402 7 Mile Rd Detroit, MI 48235

OFF-MARKET
Specialty properties
Property ID
US43-4484241
8,096 SF 0.45 ac lot Built 1948
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional 3,514 square foot office space is available for lease in Heath, Ohio, situated on Hebron Road (SR 79). The property features a single-tenant occupancy, ideal for a business seeking a dedicated and private workspace. The layout includes one large room, providing flexibility for various office configurations. A key advantage is the double-sided signage opportunity, ensuring high visibility and brand recognition for your business. Convenient amenities are included, such as a restroom, water, and trash removal services. Furthermore, the property boasts ample parking, ensuring convenient access for employees and clients. The monthly rental rate is an attractive $600. The property's APN is 030-099630-00.000, and its cross street is Wayne. This is a fantastic opportunity for a business seeking a cost-effective and well-located office space in a convenient Heath location. The property is a single-tenant building with no additional suites. The lot size is not specified. This space offers a unique blend of affordability, convenience, and visibility, making it an ideal choice for a variety of businesses. Don't miss this chance to secure this exceptional office space.

Property profile

Verified
Property type Specialty properties
Year built 1948
Total area 8,096 SF
Lot 0.45 ac (19,602 SF)
UPID US43-4484241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16402 7 Mile Rd Detroit, MI 48235
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2018
Price N/A
2018
$80,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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