Property profile

31690 Hoover Rd Warren, MI 48093

FOR LEASE
Medical Office Space
Property ID
US43-1645397
4,000 SF 0.49 ac lot Built 1977
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

A for-lease professional office suite configured with a reception and waiting area plus five separate offices/rooms, including one room with a private bathroom. The interior was recently remodeled with fresh paint and newer flooring. The suite is situated behind an operating dental office along a busy main road, providing street-facing visibility. Access and entry are controlled, with instructions not to enter through the dental office and not to open doors marked “DO NOT OPEN,” which are tied to an alarm system. Tenant utilities are metered separately via private meters, with responsibility for gas and electric assigned to the tenant. The room layout supports service-oriented professional uses requiring private client meetings, such as medical, insurance or laboratory-related offices, legal offices, or accounting offices.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Total area 4,000 SF
Lot 0.49 ac (21,344 SF)
Zoning code PB
APN 12-13-02-301-015
UPID US43-1645397

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

31690 Hoover Rd Warren, MI 48093
Warren metro Census 260200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2015
4 recorded transactions
2020
Price N/A
2015
$220,000
2010
$205,000
2004
Price N/A

Zoning & alternative use

PB · Warren, MI
Zoning description

square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Section 4A.33 - Signs Permitted in Professional Business and Special Service Districts (P…

General category COMMERCIAL

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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