Former Headquarters Office
For Sale
$1,149,000
1007-1011 West Huron Street Waterford, Waterford, MI 48328
Previously occupied as Acrisure’s headquarters in Waterford Township.
Property Size10,045 SF
Days on Market214
Property Features for 1007-1011 West Huron Street Waterford
General Information
Standard status
Active
Size
10,045 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
10,045 SF
Properties For Sale
at 1007-1011 West Huron Street Waterford
1007-1011 W Huron Street
Size
10,045 SF
Lease Type
NNN
Listing Agency:
Farbman Group
Listed By:
Brandon Ben-Ezra · License #6505136668
(248) 353-0500
Source:
Thebrokerlist
Added: Mar 18
Changed: Oct 5
Last Checked: Oct 16 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Farbman Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building was previously occupied by Acrisure as its headquarters. The property is located at 1007–1011 West Huron Street in Waterford Township, Michigan 48328.
Key Highlights
- Former Acrisure headquarters
- 1007–1011 West Huron Street address
- Office building in Waterford Township, Michigan 48328
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,580
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,600
$691.6K
Cap Rate 7%
$494,000
$494.0K
Cap Rate 9%
$384,222
$384.2K
Market Conditions
NOI Build-Up for 10,045 SF
Gross rent
$60.3K $6.00/SF
− Vacancy
−$14.2K −$1.41/SF
EGI
$46.1K $4.59/SF
− OpEx
−$11.5K −$1.15/SF
NOI
$34.6K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,600
Cap Rate 7%
$494,000
Cap Rate 9%
$384,222
Alternative Uses
Best Use
Office B
$494.0K
$432.3K – $576.3K
NOI $34,580 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,663 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Previously occupied as Acrisure’s headquarters in Waterford Township.
Where is this office building located?
The property is located at 1007-1011 West Huron Street Waterford Waterford, MI.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Former Acrisure headquarters; 1007–1011 West Huron Street address; Office building in Waterford Township, Michigan 48328
