Property profile

31207 Ryan Rd Warren, MI 48092

OFF-MARKET
Medical Office Space
Property ID
US43-4660612
6,822 SF 1.08 ac lot Built 2016
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

A commercial building constructed in 2016 located in Warren, Michigan, totaling 6,822 square feet and anchored by Happy Tooth Dental (2,622 square feet). The available interior area is designed for office or business use and can range from 1,700 to 4,200 square feet, with the ability to operate as either a single larger space or be subdivided into two units (including approximately 1,700 square feet and approximately 2,500 square feet). Each unit configuration includes private entrances, and the interior is presented in shell condition suitable for a customized build-out. The property provides opportunities for building and monument signage at the site.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2016
Total area 6,822 SF
Lot 1.08 ac (47,175 SF)
Zoning code C-1
APN 12-13-06-479-009
UPID US43-4660612

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Physician

Location

31207 Ryan Rd Warren, MI 48092-3761
Warren metro Census 260800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$395k

Owner & transaction history

since 2014
5 recorded transactions
2014
Price N/A
2010
Price N/A
2009
$225,561
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Warren, MI
Zoning description

ZONE: MZ, C-1, P VARIANCES REQUESTED: Permission to Erect an 8’ high, 16’ x 35’ dumpster screen walls. ORDINANCES and REQUIREMENTS: Section 4D.40 - Refuse, Recycling Container Screening: Containers for refuse and recycli…

General category COMMERCIAL
Top alternative use upside
Retail stores $710,000 +28.6%
Office building $645,000 +17.5%
Restaurant $590,000 +7.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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