Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8424 Twelve Mile Rd Warren, MI 48093

    • Commercial real estate
    • 19,200 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4830080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8424 Twelve Mile Rd

    Year built
    1970
    Property size
    19,200 SF
    Property type
    Commercial real estate

    Description

    This exceptional 19,200 square foot Class B office building, situated on a 0.74-acre lot at 8424 Twelve Mile Road in Warren, Michigan (48093), presents a unique opportunity. Built in 1970, this two-story building offers multiple tenancy options, with a minimum divisible space of 476 square feet and a maximum contiguous space of 3,292 square feet currently vacant. The property boasts 70 total parking spaces and enjoys high visibility with 12 Mile Road frontage. Its convenient location offers easy access to I-696 and the GM Tech Center. The building is zoned C1 and features one building with a Macomb County APN of 12-13-15-126-001. The attractive lease rate includes utilities, CAM charges, insurance, and property taxes. This is an ideal location for businesses seeking a prominent presence in a thriving area. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.023029117919
    Latitude
    42.506717923121

    Comparable in this City

    • $163 SF/Yr
      6,072 SF

      Warren Office Building for Sale/Lease

      Prime Warren office space, 6,072 sq ft, ample parking.
      28517 Hoover Rd, Warren, MI 48093
      View Details
    • $500 /Mo
      888 SF

      Warren Office Building For Rent

      Three-story office building with convenient access and ample parking.
      31201 Chicago Rd, Warren, MI 48093
      View Details
    • $18 SF/Yr
      3,543 SF

      Medical Office Space Available

      Professionally managed medical office with exam rooms and parking.
      29703 Hoover Rd, Warren, MI 48093
      View Details
    • $1.50 SF/Yr
      1,000 SF

      Versatile Commercial Space For Rent

      Commercial space with street visibility, high foot traffic, and parking.
      29433 Hoover Rd, Warren, MI 48093
      View Details
    • $1,400 /Mo

      Versatile Commercial Space For Rent

      Commercial space with high visibility, suitable for retail or office.
      29417 Hoover Rd, Warren, MI 48093
      View Details
    • $18 SF/Yr
      2,000 SF

      Warren Retail/Office/Medical Space Available

      2,000 SF space suitable for retail, office, or medical use.
      30655 Hoover Rd, Warren, MI 48093
      View Details

    Similar Nearby for Sale

    • $495,000
      4,800 SF

      Warren Office Building: $495,000

      Free-standing office, ideal owner-user.
      29377 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      99,608 SF

      Warren Office Building Investment

      Class A Office, 99,608 SF, 75% Occupancy
      30500 Van Dyke Ave, Warren, MI 48093
      View Details
    • $750,000
      11,400 SF

      Highly Visible Corner Office Building

      Office building on corner, near I-696, ample parking.
      28000 Van Dyke Ave, Warren, MI 48093
      View Details
    • $2,250,000
      41,055 SF

      Warren Commercial Property Near GM

      41,000+ sq ft building on 3.18 acres near GM Tech Center.
      30100 Van Dyke Ave, Warren, MI 48093
      View Details
    • $1,025,000
      8,534 SF

      Medical/Office Buildings Near I-696

      Two buildings suitable for office, medical, or commercial use.
      27379-27423 Van Dyke Ave, Warren, MI 48093
      View Details
    • $165,000

      Turn-Key Restaurant in Warren, MI

      Fully remodeled, ready to operate fast food business.
      11559 13 Mile Rd, Warren, MI 48093
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,543 SF

      Medical Office Space Available

      Professionally managed medical office with exam rooms and parking.
      29703 Hoover Rd, Warren, MI 48093
      View Details
    • $1,400 /Mo

      Versatile Commercial Space For Rent

      Commercial space with high visibility, suitable for retail or office.
      29417 Hoover Rd, Warren, MI 48093
      View Details
    • $1.50 SF/Yr
      1,000 SF

      Versatile Commercial Space For Rent

      Commercial space with street visibility, high foot traffic, and parking.
      29433 Hoover Rd, Warren, MI 48093
      View Details
    • $163 SF/Yr
      6,072 SF

      Warren Office Building for Sale/Lease

      Prime Warren office space, 6,072 sq ft, ample parking.
      28517 Hoover Rd, Warren, MI 48093
      View Details
    • $500 /Mo
      888 SF

      Warren Office Building For Rent

      Three-story office building with convenient access and ample parking.
      31201 Chicago Rd, Warren, MI 48093
      View Details
    • $18 SF/Yr
      2,000 SF

      Warren Retail/Office/Medical Space Available

      2,000 SF space suitable for retail, office, or medical use.
      30655 Hoover Rd, Warren, MI 48093
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8424 Twelve Mile Rd
    Warren, MI 48093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.