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    Property profile & analytics

    2100 Twelve Mile Rd Warren, MI 48092

    • Banks
    • 6,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4187751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 2100 Twelve Mile Rd

    Property size
    6,000 SF
    Property type
    Banks

    Description

    This exceptional freestanding retail property, located at 2100 Twelve Mile Road in Warren, presents a unique investment opportunity. The building, formerly a bank, offers a substantial 6,000 square feet of space, currently entirely vacant and ready for immediate occupancy. Its convenient location on Twelve Mile Road ensures high visibility and accessibility for potential tenants. A significant advantage is the inclusion of a drive-thru, a highly desirable feature for many retail businesses, particularly those focused on quick transactions or customer convenience. The single-tenant configuration provides flexibility and control for the owner or lessee. The building's ample square footage allows for a variety of retail uses, making it an attractive prospect for businesses seeking a prominent location with excellent street frontage. The property is available for both sale and lease, offering options to suit diverse investment strategies. This is an exceptional opportunity to acquire a well-situated, versatile retail space with a valuable drive-thru feature in a thriving Warren commercial district. Serious inquiries are encouraged to explore the possibilities this property offers. The property is classified as retail and specifically as a former bank. The building's size and location make it an ideal candidate for a variety of retail businesses. The vacant status allows for immediate customization to suit a new tenant's needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0813238
    Latitude
    42.5047019

    Comparable in this City

    • Contact for pricing
      4,859 SF

      Retail Space in Warren, MI

      Retail space available for lease in Warren, Michigan.
      28200 Dequindre Rd, Warren, MI 48092
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    • $3,000 /Mo
      6,640 SF

      Retail Space on Ryan Road

      End-cap retail unit with high visibility on busy corner.
      31850 Ryan Rd, Warren, MI 48092
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    • $3,400 /Mo

      Retail Space on 14 Mile

      Retail space for rent with road frontage and signage.
      2830-2840 E 14 Mile Rd, Warren, MI 48092
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      2,000 SF

      Retail Space Near GM Tech

      Retail spaces with high visibility near major traffic generators.
      29315-29359 Mound Rd, Warren, MI 48092
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    • $1,250 /Mo

      Office or Retail Space Available

      Office or retail space for rent in Warren, Michigan.
      32480 Mound Rd Rd Unit, Warren, MI 48092
      View Details
    • $14 SF/Yr
      3,256 SF

      Warren Office Space for Lease

      Prime Macomb County Office/Retail Space Available
      6388 14 Mile Rd, Warren, MI 48092
      View Details

    Similar Nearby for Sale

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      Turn-Key Banquet Hall For Sale

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      Established Retail Business Opportunity

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      High-Traffic Retail Opportunity in Warren

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      Retail Property in Warren, MI

      Retail property available for sale in Warren, Michigan.
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      Warren Office Space For Sale

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    Similar Nearby for Lease

    • $3,000 /Mo
      6,640 SF

      Retail Space on Ryan Road

      End-cap retail unit with high visibility on busy corner.
      31850 Ryan Rd, Warren, MI 48092
      View Details
    • $3,400 /Mo

      Retail Space on 14 Mile

      Retail space for rent with road frontage and signage.
      2830-2840 E 14 Mile Rd, Warren, MI 48092
      View Details
    • Contact for pricing
      4,859 SF

      Retail Space in Warren, MI

      Retail space available for lease in Warren, Michigan.
      28200 Dequindre Rd, Warren, MI 48092
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near GM Tech

      Retail spaces with high visibility near major traffic generators.
      29315-29359 Mound Rd, Warren, MI 48092
      View Details
    • $1,250 /Mo

      Office or Retail Space Available

      Office or retail space for rent in Warren, Michigan.
      32480 Mound Rd Rd Unit, Warren, MI 48092
      View Details
    • $28 SF/Yr
      8,881 SF

      Heritage Village Square Retail Space

      Warren, MI: Prime Retail Opportunity
      30207 Mound Rd, Warren, MI 48092
      View Details
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    2100 Twelve Mile Rd
    Warren, MI 48092
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    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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