Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Building Near I-75 Title is generated by Realmo AI

    2950 W Square Lake Road, Troy, MI 48098

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story office building with recent renovations and basement storage.

    Type:Office
    Property size:
    24,178 SF
    Price / SF:
    $0.00/SF
    Added:
    Jan 26, 2026
    Days on Market:
    102
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 2950 W Square Lake Road

    General Information

    Standard status
    Active
    Size
    24,178 SF
    Property subtype
    Office

    Building Details

    Year Built
    1988

    Properties For Sale

    at 2950 W Square Lake Road Contact us

    We can help!

    Listing Contact
    Aaron Smith
    Aaron Smith

    Listing agent Aaron Smith License #6501377543

    Listing office L. Mason Capitani, Inc.

    Listing date Jan 26, 2026

    Source Corfac

    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 L. Mason Capitani, Inc.

    HighLights

    • Prime location at I‑75/Adams Road exit and seconds from M‑59.
    • Recently completed major building renovations under new ownership and management.
    • Office suites finished to‑suit.
    • Professionally managed property.
    • Monument signage available.
    • Lower level storage available.

    Overview

    This two-story traditional office building, totaling 24,178 square feet, is under new ownership and management and has recently undergone major renovations. The property features classic Williamsburg architecture and is professionally managed. Office suites are available for lease and can be finished to-suit. Basement storage is available. The building is located near the I-75 and Adams Road exit, seconds from M-59, and offers monument signage. It presents an excellent leasing value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matthew Berney Real Estate Agency Kracoe Szykula & Townsend ... Marketing & Advertising FedEx Drop Box Postal Service phoenix funding group Financial Advisor NetSource One, Inc. Telecommunications Service

    Suggested Use

    Real Estate Agency Law Firm Dental Office Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store Accounting Firm Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2075
    Latitude
    42.6055

    Nearby Similar for Sale

    • $999,000
      7,480 SF

      Freestanding Industrial Building For Sale

      7,480 SF industrial building with warehouse and office space.
      1216 COMBERMERE Dr, Troy, MI 48083
      View Details
    • $2,400,000
      4,600 SF

      Landscaping Business and Real Estate

      Established landscaping business with real estate for sale in Troy.
      123 Crooks, Troy, MI 48098
      View Details
    • $18
      4,550 SF

      Professional Office Building For Sale

      Professional office building for sale with conversion potential.
      1869 E Maple Rd, Troy, MI 48083
      View Details
    • $19
      2,663 SF

      Class A Office Building

      Class A office building with covered parking and signage.
      1111 W Long Lake Rd, Troy, MI 48098
      View Details
    • $21
      9,200 SF

      Upgraded Office Spaces Near I-75

      Move-in ready office spaces with main road signage and convenient parking.
      650 E Big Beaver Rd, Troy, MI 48083
      View Details
    • $16
      33,051 SF

      Single Story Office Building Available

      Single-story office building with private entry suites, conveniently located near I-75.
      2265 Livernois Rd, Troy, MI 48083
      View Details
    • $15
      10,836 SF

      Office Property on Rochester Road

      Office suites with direct entry, landscaping, and convenient parking.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details
    • $13
      36,000 SF

      Move-In Ready Office Suites

      Office suites in move-in condition with shared amenities.
      575 E Big Beaver Road, Troy, MI 48083
      View Details
    • $2,095,000
      11,100 SF

      Highly Visible Troy Office Building

      Office building with high visibility and convenient regional access.
      6915 Rochester Rd, Troy, MI 48085
      View Details
    • $550
      36,500 SF

      Prime Troy Office Building

      Office suites for lease in a well-located, classic building.
      1621-1663 W. Big Beaver Road, Troy, MI 48084
      View Details
    • $18
      73,000 SF

      Renovated Office Building For Sale

      Office building with renovations underway, suitable for office or medical use.
      5600 New King Drive, Troy, MI 48098
      View Details
    • $16
      15,264 SF

      Troy Office Building on Big Beaver

      Two-story office building with signage available in a prime location.
      1740 W. Big Beaver, Troy, MI 48084
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with recent renovations and basement storage.
    Where is this office building located?
    The property is located at 2950 W Square Lake Road Troy, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location at I‑75/Adams Road exit and seconds from M‑59.; Recently completed major building renovations under new ownership and management.; Office suites finished to‑suit.
    (248) 637-3515
    We can help!
    Listing Contact
    Aaron Smith
    Aaron Smith
    Real Estate License ID: 6501377543
    Learn More
    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.
    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

    Thank You for Inquiry
    2950 W. Square Lake Road, Troy, MI 48098
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!