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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
21635 Ryan Rd, Warren, MI 48091-2788
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0243042
Property summary
AI-generated overview
This exceptional medical office building, located at 21635 Ryan Rd in Warren, Michigan, presents a unique investment opportunity. The property boasts a total of 6,365 square feet, situated on a 1.09-acre lot. Built in 2003, the building currently has 6,000 square feet of vacant space available, offering significant potential for expansion or lease to new tenants. The space is divisible into units of at least 3,000 square feet each, making it ideal for a variety of medical practices or related businesses. Ample parking is provided with 41 spaces available for tenants and visitors. The property's location in Macomb County, with a Warren, MI zip code of 48091, offers convenient access to major roadways and a thriving community. The property's APN is 12-13-31-426-018. This is a multi-tenant building offering a strong foundation for growth and profitability in the medical field. The building's modern design and substantial vacant space make it an attractive option for medical professionals seeking a well-maintained and conveniently located office space. The property is zoned for medical office use. Serious inquiries are encouraged.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2003
Total area
6,687 SF
Lot
0.89 ac (38,856 SF)
Zoning code
MZ
APN
12-13-31-426-018
UPID
US43-0243042
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
Current use
Occupant on record · Public records
-
Taryne Kavanagh Dental Office
-
Taryne Marie Nye Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$750k
Owner & transaction history
Tea L Yim · 4 yrs held
Tea L Yim
since 2022
5 recorded transactions
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$695,000
+28.6%
Office building
$635,000
+17.5%
Restaurant
$580,000
+7.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
RETAIL STORES
$695,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +18% · Conversion: Easy
RESTAURANT
$580,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$33,641
Tax year 2022
Assessed value
$494,320
Assessed 2023
Previous assessed
$469,450
+5.3% YoY
Effective rate
6.81%
On assessed value
Total market value
$988,640
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Stories
1
Total area
6,687 SF
Lot
0.89 ac (38,856 SF)
Zoning code
MZ
APN
12-13-31-426-018
UPID
US43-0243042
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MZ · Warren, MI
Zoning MZ · permitted uses
MZ · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$540,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING
Est. value
$635,000
RESTAURANT
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$450,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Tea L Yim
Individual
Mailing address
4460 RED DEER TRL, BROOMFIELD, CO 80020-8117
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
—
Tea L Yim
Lcg2r Great Lakes Dental LLC
Deed
$959,000 · Eastman Cu
Dec 28, 2021
—
Lcg2r Great Lakes Dental LLC
Graywells Company LLC
Deed
$7,727,217 · Washington Federal NA
Jan 18, 2017
$565,000
Graywells Co LLC
Bradley Invs INC
Warranty Deed
$2,738,549 · Bank Of America
Aug 23, 2002
—
Merdau Investment INC
Merdau,hanna
Quit Claim Deed
related
—
Jun 17, 2002
—
Hanna Merdau
Merdau Investment INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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