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    27700 Hoover Rd Warren, MI 48093-4551
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    Property profile & analytics

    27700 Hoover Rd Warren, MI 48093-4551

    View on Map
    • Office buildings
    • 16,476 SF
    • 1.69 lot acres
    Off-Market
    Last Sale Dec 2, 2021
    Property ID
    US43-0132378
    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.
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Michigan Youth Appreciation Foundation / Child Welfare Organization / Foster Care Service
    • MichBusiness / Business To Business Service
    • Roll Off Dumpster rental near Warren / Waste Management Facility

    Property Details for 27700 Hoover Rd

    Year built
    1988
    Lot size
    1.69 lot acres
    Property size
    16,476 SF
    Zone code
    O
    Property type
    Office buildings
    APN
    12-13-14-301-009
    APU
    121314301009

    Description

    This exceptional 7,400 square foot executive office space is available for lease in Macomb County. The property offers a single-tenant occupancy in a building totaling 7,400 square feet, meaning the entire space is immediately available. The gross lease rate is $14.50 per square foot. The layout is highly adaptable, easily divisible into two suites of approximately 3,500 and 3,900 square feet, providing flexibility for various business needs. The space boasts a private entrance and prominent Hoover Road signage, enhancing visibility and accessibility. Internally, the office features 13 private exterior offices, complemented by roughly 20 built-in interior cubicles, offering a blend of private workspaces and collaborative areas. On-site ownership ensures responsive management and maintenance. This turnkey solution is ideal for businesses seeking a prestigious and functional office environment in a convenient location. The space is ready for immediate occupancy, allowing for a swift and seamless transition. Contact us today to schedule a viewing and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,447,000
      Market price range: $838k - $2.19M
      AI Estimate
      $1,447,000
      Market price range: $838k - $2.19M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,560,000
      Current use
      RETAIL STORES
      $1,710,000
      Change: +9% Conversion: Moderate
      RESTAURANT
      $1,425,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $1,330,000
      Change: -15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,285,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0055
    Latitude
    42.4982
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $38,675
    $0.00
    $0.00
    $533,310
    -
    $0.00
    $0.00
    $1,066,620

    Comparable in this City

    • Value Estimation
      $640,000
      6,068 SF

      28007 Hoover Rd

      OFFICE BUILDING • 6,068 SF
      28007 Hoover Rd, Warren, MI 48093-4103
      View Details
    • Value Estimation
      $2,865,000
      44,500 SF

      30800 Van Dyke Ave

      OFFICE BUILDING • 44,500 SF
      30800 Van Dyke Ave, Warren, MI 48093-8704
      View Details
    • Value Estimation
      $15,595,000
      164,471 SF

      29427 Louis Chevrolet Rd

      OFFICE BUILDING • 164,471 SF
      29427 Louis Chevrolet Rd, Warren, MI 48093-1816
      View Details
    • Value Estimation
      $4,010,000
      50,565 SF

      31201 Chicago S Rd

      OFFICE BUILDING • 50,565 SF
      31201 Chicago S Rd, Warren, MI 48093-5527
      View Details
    • Value Estimation
      $1,750,000
      21,127 SF

      8425 12th Mile Rd

      OFFICE BUILDING • 21,127 SF
      8425 12th Mile Rd, Warren, MI 48093-2738
      View Details
    • Value Estimation by Request
      6,294 SF

      12500 13th Mile Rd

      OFFICE BUILDING • 6,294 SF
      12500 13th Mile Rd, Warren, MI 48093-5011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      200,000 SF

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      Office building for lease or sale with immediate occupancy.
      28405 Van Dyke Ave, Warren, MI 48093
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    • $1,950,000
      41,055 SF

      Warren Commercial Property Near GM

      41,000+ sq ft building on 3.18 acres near GM.
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    • $495,000
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      Free Standing Office Building

      Free standing office building perfect for owner occupant.
      29377 Hoover Rd, Warren, MI 48093
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    • Contact for pricing

      Warren Medical Office For Sale

      7,380 SF medical office space with private parking lot.
      27500 Hoover Rd, Warren, MI 48093
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    • Contact for pricing
      2,074 SF

      Warren Office Space For Sale

      Office property available for sale in Warren, Michigan.
      30555 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      99,608 SF

      Warren Office Building Investment

      Class A Office, 99,608 SF, 75% Occupancy
      30500 Van Dyke Ave, Warren, MI 48093
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      888 SF

      Warren Office Building For Rent

      Three-story office building with convenient access and ample parking.
      31201 Chicago Rd, Warren, MI 48093
      View Details
    • $13 SF/Yr

      Free Standing General Office Building

      Free standing general office building perfect for owner occupant.
      29377 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing

      Renovated Office Building For Rent

      Premium office building with professional management and flexible terms.
      12200 E Thirteen Mile Rd, Warren, MI 48093
      View Details
    • $1,900 /Mo

      Remodeled Office Suite For Rent

      Recently remodeled office suite with high visibility and private bathroom.
      31690 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      3,543 SF

      Medical Office Space Available

      Professionally managed medical office with exam rooms and parking.
      29703 Hoover Rd, Warren, MI 48093
      View Details
    • $15 SF/Yr

      High-Rise Office Space Available

      Premier office building in Macomb County, move-in ready options.
      30500 Van Dyke Ave, Warren, MI 48093
      View Details
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    Warren, MI 48093-4551
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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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