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    29820 Harper Ave St Clair Shores, MI 48082
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    Property profile & analytics

    29820 Harper Ave St Clair Shores, MI 48082

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    • Medical Office Space
    • 5,856 SF
    • 0.41 lot acres
    For Lease
    $740,000
    View Listing →
    Office Space For Rent For Lease
    $740,000

    Office Space For Rent

    Office space available for rent at 29820 Harper Avenue.

    St Clair Shores, MI 48082
    View Listing
    Property ID
    US43-0083141
    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

    • Mitchell Family Dental / Dental Office
    • Dr. Vincent E. Mitchell, DDS / Dental Office
    • Frank Mitchell DDS / Dental Office
    • Dental Ceramic Art Inc / Dental Office
    • Dr. Vince Mitchell / Dental Office

    Property Details for 29820 Harper Ave

    Year built
    1953
    Lot size
    0.41 lot acres
    Property size
    5,856 SF
    Zone code
    B-1
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    09-14-10-451-049
    APU
    91410451049

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $741,000
      Market price range: $447k - $1.08M
      AI Estimate
      $741,000
      Market price range: $447k - $1.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $720,000
      Current use
      RESTAURANT
      $830,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $600,000
      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
    -82.8978
    Latitude
    42.5129
    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
    $16,636
    $0.00
    $0.00
    $338,700
    -
    $0.00
    $0.00
    $677,400

    Comparable in this City

    • Value Estimation
      $575,000
      4,036 SF

      29810 Harper Ave

      DENTAL BUILDING • 4,036 SF
      29810 Harper Ave, Saint Clair Shores, MI 48082-2608
      View Details
    • Value Estimation by Request
      2,683 SF

      31850 Harper Ave

      DENTAL BUILDING • 2,683 SF
      31850 Harper Ave, Saint Clair Shores, MI 48082-1459
      View Details
    • Value Estimation
      $1,040,000
      8,480 SF

      21099 Masonic Blvd

      MEDICAL BUILDING • 8,480 SF
      21099 Masonic Blvd, Saint Clair Shores, MI 48082-1045
      View Details
    • Value Estimation
      $565,000
      3,250 SF

      30207 Harper Ave

      DENTAL BUILDING • 3,250 SF
      30207 Harper Ave, Saint Clair Shores, MI 48082-2612
      View Details
    • Value Estimation by Request
      2,390 SF

      31549 Harper Ave

      DENTAL BUILDING • 2,390 SF
      31549 Harper Ave, Saint Clair Shores, MI 48082-2455
      View Details
    • Value Estimation by Request
      2,010 SF

      30045 Harper Ave

      MEDICAL BUILDING • 2,010 SF
      30045 Harper Ave, Saint Clair Shores, MI 48082-1649
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land with I-94 Frontage

      8.71 acres of light industrial land with high visibility.
      At I-94 14 Mile Rd, Saint Clair Shores, MI 48082
      View Details
    • $149,000

      Commercial Land in St. Clair Shores

      Commercial land available in St. Clair Shores, Michigan.
      Vacant Land Masonic Blvd, St Clair Shores, MI 48082
      View Details
    • $62,900
      0.14 Acres

      Cleared Vacant Land Near Lake

      Cleared vacant land near Jefferson and Lake Saint Clair.
      22810 Garfield St, Saint Clair Shores, MI 48082
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    • $49,000
      Pending

      Vacant Land in St. Clair Shores

      Vacant land parcel near restaurants, park, and lake.
      Francis St, St Clair Shores, MI 48082
      View Details
    • Contact for pricing

      Industrial Land I-94 Frontage

      8.71 acres of light industrial land with high visibility.
      14 Mile Rd, Saint Clair Shores, MI 48082
      View Details
    • $59,900
      0.11 Acres

      Saint Clair Shores Vacant Land

      Vacant lot in a desirable Saint Clair Shores neighborhood.
      Port St, Saint Clair Shores, MI 48082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Location Build to Suit

      Free standing corner location suitable for various commercial uses.
      31201 Jefferson Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent at 29820 Harper Avenue.
      29820 Harper Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing
      3,600 SF

      Retail/Office Space on Harper Avenue

      Retail/office space with high visibility and ample parking.
      29629-29635 Harper Ave, Saint Clair Shores, MI 48082
      View Details
    • Contact for pricing

      Office Space Available For Lease

      2,200 SF raw office space available for lease.
      29820 Harper Ave, St Clair Shores, MI 48082
      View Details
    • Contact for pricing

      St. Clair Shores Retail/Office

      High-visibility retail/office space in St. Clair Shores, Michigan.
      29635 Harper Ave, St Clair Shores, MI 48082
      View Details
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    St Clair Shores, MI 48082
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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.

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