Property profile

5700 Crooks Rd Troy, MI 48098

FOR LEASE
Commercial real estate
Property ID
US43-1803577
120,144 SF 6.61 ac lot Built 1972
Trust Owned 2-yr Hold ~ Est. High Equity
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5700 Crooks Rd, Troy, MI 48098 For Lease
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5700 Crooks Rd, Troy, MI 48098
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Property summary

AI-generated overview

Northfield Plaza II, located at 5700 Crooks Rd in Troy, Michigan, offers exceptional executive office space for lease. This Class B building, constructed in 1976, boasts a total of 128,970 square feet situated on a 6.6-acre lot within the Troy submarket of Oakland County. The property is currently multi-tenant occupied, with 14,680 square feet of vacant space immediately available. Flexible lease terms are available for spaces ranging from a minimum of 1,235 square feet to a maximum contiguous space of 10,623 square feet, catering to a variety of business needs. The building's prime location in Troy offers convenient access to major thoroughfares, ensuring easy commutes for employees and clients. This is an excellent opportunity for businesses seeking modern, well-maintained office space in a thriving Michigan community. The property's address is easily accessible and well-suited for a variety of professional services. The available space is ideal for businesses seeking expansion or relocation within the Troy area. Interested parties are encouraged to inquire about available floor plans and lease terms. The zip code for this property is 48098.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Total area 120,144 SF
Lot 6.61 ac (287,932 SF)
Zoning code R-C
APN 88-20-09-151-006
UPID US43-1803577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Law Firm
  • Shopping Center & Mall
  • Law Firm
  • Insurance Agency

Location

5700 Crooks Rd Troy, MI 48098
Troy metro Census 196500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.32M
Blend (final) Blend
$15.32M

Owner & transaction history

since 2023
Last sale
$500
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
$500
2019
Price N/A
2008
Price N/A
2003
Price N/A
1999
Price N/A

Zoning & alternative use

R-C · Troy, MI
Zoning description

The RC, Research Center District is intended to provide areas for industrial research and office uses in planned developments

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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