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    Property profile & analytics

    30300 Hoover Rd, Unit 1 Warren, MI 48093-6516

    • Medical Office Space
    • 9,961 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0230164
    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

    • Rayner Beth / Dental Office
    • John F. Brucia, DDS, PC / Dental Office
    • Adelson LASIK / Physician / Ophthalmologist
    • LasikPlus: Dr. Todd Adelson / Physician / Ophthalmologist
    • Comprenhensive Optometrics / Ophthalmologist / (Bike/Boat/Book/etc) Store

    Property Details for 30300 Hoover Rd

    Year built
    1999
    Lot size
    0.86 lot acres
    Property size
    9,961 SF
    Zone code
    MZ
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12-13-11-160-001
    APU
    121311160001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,004,000
      Market price range: $531k - $1.12M
      AI Estimate
      $1,004,000
      Market price range: $531k - $1.12M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $805,000
      Current use
      RETAIL STORES
      $1,035,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $945,000
      Change: +18% Conversion: Easy
      RESTAURANT
      $860,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $775,000
      Change: -3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $670,000
      Change: -16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $650,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0068
    Latitude
    42.5159
    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
    $28,717
    $0.00
    $0.00
    $605,370
    -
    $0.00
    $0.00
    $1,210,740

    Comparable in this City

    • Value Estimation
      $13,620,000
      243,132 SF

      31800 Van Dyke Ave

      MEDICAL BUILDING • 243,132 SF
      31800 Van Dyke Ave, Warren, MI 48093-7907
      View Details
    • Value Estimation
      $4,360,000
      40,258 SF

      8545 Cmn Rd

      MEDICAL BUILDING • 40,258 SF
      8545 Cmn Rd, Warren, MI 48093-6772
      View Details
    • Value Estimation by Request
      4,000 SF

      31690 Hoover Rd

      MEDICAL BUILDING • 4,000 SF
      31690 Hoover Rd, Warren, MI 48093-7653
      View Details
    • Value Estimation by Request
      4,310 SF

      30300 Hoover Rd, Unit 2

      MEDICAL BUILDING • 4,310 SF
      30300 Hoover Rd, Warren, MI 48093-6516
      View Details
    • Value Estimation by Request
      3,162 SF

      30950 Campbell St

      MEDICAL BUILDING • 3,162 SF
      30950 Campbell St, Warren, MI 48093-6505
      View Details
    • Value Estimation
      $670,000
      10,734 SF

      11300 13th Mile Rd

      MEDICAL BUILDING • 10,734 SF
      11300 13th Mile Rd, Warren, MI 48093-2500
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warren Medical Office For Sale

      7,380 SF medical office space with private parking lot.
      27500 Hoover Rd, Warren, MI 48093
      View Details
    • $425,000

      Warren Freestanding Medical Office Building

      2,074 SF modern building ideal for office or medical use.
      30555 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing

      Medical Office Complex Near Hospital

      Move-in ready medical suites with quick hospital and freeway access.
      11250-11300 Thirteen Mile Rd, Warren, MI 48093
      View Details
    • Contact for pricing

      Office Building For Sale/Lease

      Spectacular office building available for lease or sale immediately.
      28405 Van Dyke Ave, Warren, MI 48093
      View Details
    • $495,000
      4,800 SF

      Warren Office Building: $495,000

      Free-standing office, ideal owner-user.
      29377 Hoover Rd, Warren, MI 48093
      View Details
    • $2,250,000
      41,055 SF

      Warren Commercial Property Near GM

      41,000+ sq ft building on 3.18 acres near GM Tech Center.
      30100 Van Dyke Ave, Warren, MI 48093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Hoover Road Medical Office Space

      Prime Medical Office, Macomb County
      27500 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      2,000 SF

      Warren Retail/Office/Medical Space Available

      2,000 SF space suitable for retail, office, or medical use.
      30655 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
    • Contact for pricing

      Warren Medical/Office Space Available

      Turnkey 1,838 SF medical/office suite near Ascension Hospital.
      12434 Twelve Mile Rd, Warren, MI 48093
      View Details
    • $163 SF/Yr
      6,072 SF

      Warren Office Building for Sale/Lease

      Prime Warren office space, 6,072 sq ft, ample parking.
      28517 Hoover Rd, Warren, MI 48093
      View Details
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    Warren, MI 48093-6516
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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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