Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5445 Corporate Dr Troy, MI 48098

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building in Timberlands Office Park, Troy, Michigan.

    Property size:
    37,654 SF
    Lot size:
    7.82 Acres

    Property Features for 5445 Corporate Dr

    General Information

    Size
    37,654 SF
    Lot size
    7.82 Acres

    We can help!

    Listing Contact
    William Bill Harvey
    William Bill Harvey
    Source: Moodyscre

    Listing Agency: Transwestern | Detroit Listing Agent: William Bill Harvey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space in Timberlands Park

    This office building is located within the Timberlands Office Park, which comprises three buildings. The property offers 37654 square feet of office space. On-site management office is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moustakas George Law Firm Wade Bryant Law Firm FedEx Drop Box Postal Service Eusebi Christopher Law Firm Brennan Michael Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1753352
    Latitude
    42.5960418

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Columbia Center

      Meet, work or collaborate in our professional Columbia Center business center
      101 Big Beaver Rd, Troy, MI 48084
      View Details
    • Contact for pricing

      Liberty Center

      Discover many ways to work your way in Liberty Center
      100 Big Beaver Rd, Troy, MI 48084
      View Details
    • $675 /Mo

      Troy Office Suite For Lease

      Well-maintained office suite in central Troy location available for lease.
      2820 W Maple Rd, Troy, MI 48084
      View Details
    • $20 SF/Yr
      4,048 SF

      Retail Building in Oakland Mall

      Freestanding retail building with high visibility and traffic.
      506-518 W 14 Mile Rd, Troy, MI 48083
      View Details
    • $19 SF/Yr
      1,885 SF

      Furnished Office Space Available

      Plug & play office space in Troy, MI, for rent.
      2250 Butterfield Dr, Troy, MI 48084
      View Details
    • $15 SF/Yr
      2,130 SF

      Furnished Dental Suite Available

      Furnished dental suite for rent with equipment in place.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing

      Full Service Office Space Available

      Office space for rent with amenities and ample parking.
      5700 Crooks Rd, Troy, MI 48098
      View Details
    • $13 SF/Yr
      150,000 SF

      Northridge Office Center For Lease

      Single-story office space with I-75 visibility and walkable amenities.
      50 Kirts Blvd, Troy, MI 48084
      View Details
    • Contact for pricing
      170,363 SF

      Class A Office Space Available

      Class A office suites available with modern amenities and freeway access.
      1301 West Long Lake Rd, Troy, MI 48098
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office building with suites available for lease.
      1050 Wilshire Dr, Troy, MI 48084
      View Details
    • Contact for pricing

      Office Space Available For Sublease

      34,473 SF office space available for sublease in Troy, MI.
      1450 W Long Lake Rd, Troy, MI 48098
      View Details
    • Contact for pricing

      Full-Service Complex Near I-75

      Office and retail spaces with on-site amenities near I-75.
      3331 W Big Beaver Rd, Troy, MI 48084
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Timberlands Office Park, Troy, Michigan.
    Where is this office building located?
    The property is located at 5445 Corporate Dr Troy, MI.
    What are key features of this property?
    This property features: - Part of Timberlands Office Park; - Consists of 3 buildings; - Onsite management office
    (248) 440-1441 Call to check price and availability
    Request Owner's contact information
    5445 Corporate Dr Troy, MI 48098
    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.
    5445 Corporate Dr
    Troy, MI 48098
    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
    5445 Corporate Dr Troy, MI 48098
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing William Bill Harvey
    William Bill Harvey
    (248) 440-1441 (248) 350-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!