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Financial
Distress signals
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
Last sale Mar 2015 · $220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office suite configured for professional/medical and administrative uses, located behind an active dental office on a busy main road and offering exterior visibility from the surrounding area. The suite includes a reception and waiting room, plus five separate offices/rooms; one office has a private bathroom. The interior has been remodeled, including fresh paint and newer flooring. Utilities for gas and electric are separately metered, with tenants responsible for their own…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$151k
Effective rate6.43%

Value estimate

· Oct 2026
$280k
$252k – $308k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$4k
NOI · 634.21% cap applied$12k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$81/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$53 – $112
Qualifying comparables19

Cap rate analysis

How does the asset earn?
634.21%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PB
square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Sectio...
General categoryCOMMERCIAL
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.9
Law Firm20.9
Spa & Massage17.3

Location

31690 Hoover Rd Warren, MI 48093
County assessor Recorded deeds · 4 transfers 19 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30101 Hoover, Warren, MI 48093-6572 $601,100 Jan 2025 6,370 SF
11662 Martin, Warren, MI 48093-4588 $300,000 Aug 2023 5,842 SF
28401 Hoover, Warren, MI 48093-5438 $325,000 Jun 2023 3,134 SF
28363 Hoover, Warren, MI 48093-4151 $150,000 Mar 2023 3,120 SF
30659 Hoover, Warren, MI 48093-6537 $1,525,000 Jul 2022 6,496 SF
27600 Hoover, Warren, MI 48093-7721 $300,000 Jun 2022 4,787 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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