Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

23594 Hoover Rd Warren, MI 48089

FOR SALE
Turn key restaurants
View Listing
Property ID
US43-0138468
2,316 SF 0.49 ac lot Built 1950
Last sale Nov 2020 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial space with an interior area of 1,433 square feet. It is configured for commercial use and has been presented as available for sale.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value · 2023$100k
Effective rate6.11%

Value estimate

· Oct 2026
$220k
$198k – $242k
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 6.29% cap applied$34k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$86/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$63 – $107
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.29%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-2
M-1 and M-2. Section 4A.14 (b) - Prohibited Signs: Exterior rope lighting, except temporary lighting. Chairman Sophiea said good evening....
General categoryINDUSTRIAL
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.1
Law Firm28.1
Spa & Massage24.9

Location

23594 Hoover Rd Warren, MI 48089
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8091 8th Mile, Warren, MI 48089-2907 $700,000 Jul 2025 1,888 SF
14931 10th Mile, Warren, MI 48089-1527 $225,000 Mar 2025 2,169 SF
26111 Hoover, Warren, MI 48089-1147 $20,350,000 Feb 2025 2,933 SF
25506 Schoenherr, Warren, MI 48089-1420 $140,000 Nov 2024 2,350 SF
21045 Van Dyke, Warren, MI 48089-2948 $110,000 Jul 2024 1,800 SF
22706 Van Dyke, Warren, MI 48089-2348 $80,000 Feb 2024 2,880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again