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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Medical Office Space
30713 Schoenherr Rd, Warren, MI 48088-3122
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-1304131
Property summary
AI-generated overview
This single-story, 9,266 square foot medical office building in Warren, Michigan is situated on a 0.72-acre lot at 30713 Schoenherr Rd, 48088. Built in 1988 and renovated in 2015, the property offers ample parking with 64 surface spaces. Its prime location boasts high traffic counts (29,205) and proximity to the new Warren Fire Station. The building is zoned for office use and sits within a thriving demographic area, encompassing a 5-mile radius with a population of 326,008 and an average household income of $86,127. This fee-simple ownership opportunity presents an excellent investment for medical practices or related businesses seeking a well-maintained, conveniently located facility. The asking price is $1,250,000. The property features one unit and is offered for sale. The APN is 12-13-11-229-049.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
9,411 SF
Lot
0.72 ac (31,189 SF)
Zoning code
O
APN
12-13-11-229-049
UPID
US43-1304131
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$915k
Owner & transaction history
Mips Properties LLC · 1 yrs held
Mips Properties LLC
since 2025
5 recorded transactions
Zoning & alternative use
O · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$975,000
+28.6%
Office building
$890,000
+17.5%
Restaurant
$815,000
+7.1%
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
MEDICAL BUILDING
$760,000
Current use
RETAIL STORES
$975,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +18% · Conversion: Easy
RESTAURANT
$815,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$97 / 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
$36,539
Tax year 2022
Assessed value
$550,620
Assessed 2023
Previous assessed
$524,440
+5.0% YoY
Effective rate
6.64%
On assessed value
Total market value
$1,101,240
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
9,411 SF
Lot
0.72 ac (31,189 SF)
Zoning code
O
APN
12-13-11-229-049
UPID
US43-1304131
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O · Warren, MI
Zoning O · permitted uses
O · 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
MEDICAL BUILDING Current
Est. value
$760,000
RETAIL STORES
Est. value
$975,000
OFFICE BUILDING
Est. value
$890,000
RESTAURANT
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$615,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1988
Heating
FORCED AIR
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Mips Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
800 CLINTON SQ, ROCHESTER, NY 14604-1730
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
Mips Properties LLC
Broadstone Psm Michigan LLC
Deed
—
Oct 23, 2018
—
Broadstone Psm Michigan LLC
Cci Mob Fund One LLC
Grant Deed
—
Mar 31, 2016
$1,600,000
Cci Mob Fund One LLC
30713 Schoenherr Office Building Ll
Deed
—
Jun 24, 2015
$400,000
30713 Schoenherr Office Building Ll
Don Blevins
Warranty Deed
—
Mar 3, 2009
—
Cummins Lisa M Trust
Cummins,james F & Lisa
Quit Claim Deed
related
—
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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