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    28018 Harper Ave St Clair Shores, MI 48081
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    28018 Harper Ave St Clair Shores, MI 48081

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    • Medical Office Space
    • 6,800 SF
    • 0.15 lot acres
    For Sale
    $259,900
    View Listing →
    St. Clair Shores Office Condo For Sale
    $259,900
    2,400 SF

    St. Clair Shores Office Condo

    Former dental/surgical office with great potential for medical or general use.

    St Clair Shores, MI 48081
    View Listing
    Property ID
    US43-1744712
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nick Leone, DDS / Dental Office

    Property Details for 28018 Harper Ave

    Year built
    1975
    Lot size
    0.15 lot acres
    Property size
    6,800 SF
    Zone code
    B-1
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    09-14-15-458-003
    APU
    91415458003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $518,000
      Market price range: $519k - $1.25M
      AI Estimate
      $518,000
      Market price range: $519k - $1.25M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $835,000
      Current use
      COMMERCIAL (GENERAL)
      $700,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8974
    Latitude
    42.4997
    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
    $5,989
    $0.00
    $0.00
    $122,900
    -
    $0.00
    $0.00
    $245,800

    Comparable in this City

    • Value Estimation
      $5,560,000
      30,244 SF

      25631 Little Mack Ave

      MEDICAL BUILDING • 30,244 SF
      25631 Little Mack Ave, Saint Clair Shores, MI 48081-2100
      View Details
    • Value Estimation by Request
      1,857 SF

      25625 Jefferson Ave

      DENTAL BUILDING • 1,857 SF
      25625 Jefferson Ave, Saint Clair Shores, MI 48081-2310
      View Details
    • Value Estimation by Request
      1,329 SF

      21000 12th Mile Rd Ste, Unit 103

      MEDICAL BUILDING • 1,329 SF
      21000 12th Mile Rd Ste, Saint Clair Shores, MI 48081-1156
      View Details
    • Value Estimation by Request
      2,868 SF

      20609 11th Mile Rd

      DENTAL BUILDING • 2,868 SF
      20609 11th Mile Rd, Saint Clair Shores, MI 48081-1401
      View Details
    • Value Estimation by Request
      2,897 SF

      21000 12th Mile Rd Ste 112ste112

      MEDICAL BUILDING • 2,897 SF
      21000 12th Mile Rd Ste 112ste112, Saint Clair Shores, MI 48081-1116
      View Details
    • Value Estimation by Request
      1,912 SF

      28333 Harper Ave

      MEDICAL BUILDING • 1,912 SF
      28333 Harper Ave, Saint Clair Shores, MI 48081-1687
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Professional Building with Suites Available

      Professional building with office and medical suites, excellent exposure.
      21603-21611 E Eleven Mile Rd, Saint Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Professional Office Building For Sale

      Professional office building in Saint Clair Shores, suitable for various uses.
      25319 Little Mack Ave, Saint Clair Shores, MI 48081
      View Details
    • $2,375,000

      Medical Office Building For Sale

      Two-tenant medical office building, 15,566 SF, fully occupied.
      26210 Harper Ave, St Clair Shores, MI 48081
      View Details
    • $259,900
      2,400 SF

      St. Clair Shores Office Condo

      Former dental/surgical office with great potential for medical or general use.
      28018 Harper Ave, St Clair Shores, MI 48081
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Space in St. Clair

      Medical office space available for lease in St. Clair.
      25515 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Corner Property Near Medical Campus

      Prominent corner location near medical campus, suitable for various uses.
      29519 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for rent near I-94 and I-696.
      29111 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing
      2,250 SF

      Medical Office Space Available

      Medical office space for lease in Saint Clair Shores.
      25515 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • $15 SF/Yr

      Office Suite For Lease

      Office suite with private offices, ideal for counseling-therapy use.
      25490 Little Mack Ave, St Clair Shores, MI 48081
      View Details
    View Listing
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    St Clair Shores, MI 48081
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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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    28018 Harper Ave, St Clair Shores, MI, 48081
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