13260 11 Mile RdWarren, MI 48089

Property Details for 13260 11 Mile Rd

Year built

1990

Lot size

1.32 AC

Property size (Sq ft)

9,355 SF

Zone code

C-1

Property type

Office buildings

APN

12-13-23-226-010

APU

121323226010

Description

Exceptional investment opportunity in Warren, Michigan, featuring a 8,250 square foot medical office building situated on a 1.32-acre lot. This property is currently 100% occupied by the American Red Cross under a Net Lease agreement (NNN) with a remaining lease term of 4.2 years, expiring January 31, 2029. The lease commenced January 1, 2024, and includes annual rent increases and two five-year renewal options. Built in 1990 and renovated in 2018, the building is zoned C-1 and offers a high-volume blood draw center and CPR/First Aid/AED training facilities. The property boasts a strong NOI of $123,750, resulting in an attractive 8.5% cap rate and a price per square foot of $176.47. The asking price is $1,455,882. Conveniently located near I-696, this investment offers a stable, recession-resistant income stream with a long-term, creditworthy tenant. The property's location in Macomb County, Michigan, further enhances its appeal. The APN is 12-13-23-226-010.

• CAP approach

  CAP return

  Valuation

  6%

  $1,945,703

  6.5%

  $1,796,034

  7%

  $1,667,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $875,067

  Geo Method

  $875,067

• Alternative Use

  Use

  Valuation

  Residential

  $2,227,082

  Hospitality

  $2,039,995

  Educational

  $1,697,252

  Medical

  $1,755,623

  Retail

  $2,640,170

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4913

Longitude

-82.9905

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].