Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2870 14th Mile Rd Warren, MI 48092-1044

    • Specialty properties
    • 3,859 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5252277
    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

    • Abbey East Animal Hospital - NOW MERGED WITH ADVANCED ANIMAL HOSPITAL / Veterinarian
    • Green Erwin DVM / Veterinarian

    Property Details for 2870 14th Mile Rd

    Year built
    1966
    Lot size
    0.54 lot acres
    Property size
    3,859 SF
    Zone code
    O
    Property type
    Specialty properties
    APN
    12-13-06-201-031
    APU
    121306201031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.077
    Latitude
    42.5347
    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
    $9,382
    $0.00
    $0.00
    $147,600
    -
    $0.00
    $0.00
    $295,200

    Comparable in this City

    • Value Estimation by Request
      5,439 SF

      32851 Ryan Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,439 SF
      32851 Ryan Rd, Warren, MI 48092-4352
      View Details
    • Value Estimation
      $3,450,000
      52,562 SF

      6881 Chicago Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 52,562 SF
      6881 Chicago Rd, Warren, MI 48092-1668
      View Details
    • Value Estimation by Request
      12,230 SF

      7420 Murthum Ave

      CHARITABLE ORGANIZATION • 12,230 SF
      7420 Murthum Ave, Warren, MI 48092-3836
      View Details
    • Value Estimation by Request
      12,230 SF

      7420 Murthum Ave

      CHARITABLE ORGANIZATION • 12,230 SF
      7420 Murthum Ave, Warren, MI 48092-3836
      View Details
    • Value Estimation
      $185,000
      6,578 SF

      31730 Mound Rd

      FUNERAL HOME • 6,578 SF
      31730 Mound Rd, Warren, MI 48092-4743
      View Details
    • Value Estimation by Request
      9,901 SF

      28504 Lorna Ave

      CHARITABLE ORGANIZATION • 9,901 SF
      28504 Lorna Ave, Warren, MI 48092-2714
      View Details

    Similar Nearby for Sale

    • $500,000
      6,207 SF

      Turn-Key Banquet Hall For Sale

      Banquet hall for sale, ideal for events and hospitality.
      7231 Chicago Rd, Warren, MI 48092
      View Details
    • $389,900
      1,797 SF

      Warren Office Space For Sale

      Office space available for purchase in Warren, Michigan.
      32520 Mound Rd, Warren, MI 48092
      View Details
    • $7,600,000
      70,486 SF

      Warren, MI Mixed-Use Investment

      Prime 6-acre Warren property, ideal for redevelopment.
      6902 Chicago Rd, Warren, MI 48092
      View Details
    • $99,000

      Established Retail Business Opportunity

      Profitable retail business with beer and wine license for sale.
      7220 12 Mile Rd, Warren, MI 48092
      View Details
    • $399,000
      1.30 Acres

      Warren Vacant Land Opportunity

      Over 1 acre of vacant land in Warren, Michigan.
      28530 Ryan Rd, Warren, MI 48092
      View Details
    • $199,999
      1.30 Acres

      Development-Ready Land in Warren, MI

      Two city-approved lots totaling 1.28 acres, ideal for developers.
      27365 Ryan Rd, Warren, MI 48092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Prime Warren Retail Space

      Former Bank, 6,000 SF, Drive-Thru
      2100 Twelve Mile Rd, Warren, MI 48092
      View Details
    • $18 SF/Yr
      6,822 SF

      Warren Office Building for Lease

      Modern Office Space, Flexible Layouts
      31207 Ryan 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
    • $16 SF/Yr
      2,295 SF

      Warren Office Building - 2295 SF

      Prime Warren office, single tenant, ample parking.
      6201 Chicago Rd, 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
    • $6 SF/Yr
      133,648 SF

      Macomb West Warehouse Space Available

      Large industrial space for lease; immediate occupancy.
      6500 14 Mile Rd, Warren, MI 48092
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2870 14th Mile Rd
    Warren, MI 48092-1044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.