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Property profile & analytics
FOR LEASE
Office buildings
30500 Van Dyke Ave, Warren, MI 48093
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0138410
For Lease
1 / 44
$15 SF/Yr
30500 Van Dyke Ave, Warren, MI 48093
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Property summary
AI-generated overview
The Van Dyke Comerica Building offers exceptional office space in a centralized location with premier visibility. This Class B building, totaling 125,796 square feet, underwent renovations in 2000 and boasts a variety of suite sizes, ranging from a minimum of 804 square feet to a maximum contiguous space of 3,781 square feet. Currently, 11,046 square feet of space is available for lease, with options for both traditional and open-concept layouts. The building features abundant free surface parking, a significant advantage for employees and clients. Its strategic location offers easy access to major thoroughfares, including I-696, and is situated across the street from the GM Technical Center, providing excellent proximity to key businesses and a highly skilled workforce. The building sits on a 5.09-acre lot and is zoned UN. The asking lease rate is $15.50 per square foot, plus suite electric. Multiple tenancy options are available, making this property ideal for businesses of various sizes. The building's convenient location, ample parking, and updated finishes make it an attractive option for companies seeking high-quality office space in a desirable area. Contact us today to learn more about the available suites and schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
99,608 SF
Lot
5.09 ac (221,720 SF)
Zoning code
UN
APN
12-13-10-101-011
UPID
US43-0138410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Korvue® (Bike/Boat/Book/etc) Store Corporate Office
-
Cienet Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
The Right Choice Insurance Agency Insurance Agency
-
Illinois Mutual Bank Credit Union
-
Woodward Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$6.53M
Owner & transaction history
Real Estate Investmen Van Dyke · 11 yrs held
Real Estate Investmen Van Dyke
since 2014
7 recorded transactions
Zoning & alternative use
UN · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.3M
+9.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,445,000
Current use
RETAIL STORES
$10,330,000
Change: +9% · Conversion: Moderate
RESTAURANT
$8,605,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$8,035,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,765,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.53M
Range $5.87M – $7.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$66 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$124,525
Tax year 2022
Assessed value
$2,404,250
Assessed 2023
Previous assessed
$2,458,380
-2.2% YoY
Effective rate
5.18%
On assessed value
Total market value
$4,808,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1969
Heating
FORCED AIR
Stories
9
Total area
99,608 SF
Lot
5.09 ac (221,720 SF)
Zoning code
UN
APN
12-13-10-101-011
UPID
US43-0138410
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
UN · Warren, MI
Zoning UN · permitted uses
UN · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
RETAIL STORES
Est. value
$10.3M
RESTAURANT
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.8M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
9
Lot
5.09 ac
Current owner
From public records · entity-resolved
Real Estate Investmen Van Dyke
Individual
Mailing address
5810 HARTWELL ST, DEARBORN, MI 48126-2242
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
—
Van Dyke R & E Invs LLC
—
Deed
related
$2,950,000 · Genisys Cu
Oct 10, 2018
—
Van Dyke R & E Invesments
—
Deed
related
$500,000 · Oxford Bk
Nov 9, 2016
—
Van Dyke Real Estate Invs LLC
—
Deed
related
—
Sep 5, 2014
$3,550,000
Real Estate Investmen Van Dyke
30500 Van Dyke Co LLC
Grant Deed
$2,200,000 · Emerald Crk Cap
Aug 5, 2008
—
30500 Van Dyke Co LLC
—
Deed Of Trust
related
$5,500,000 · Independent Bank
—
—
Van Dyke R & E Invs LLC
—
Deed Of Trust
related
$2,950,000 · Genisys Cu
—
—
Real Estate Investmen Van Dyke
—
Deed Of Trust
related
$2,200,000 · Emerald Creek Capital LLC
—
—
Van Dyke Real Estate Invs LLC
—
Loan Modification
related
—
—
—
Van Dyke R & E Invesments
—
Deed Of Trust
related
$500,000 · Oxford Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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