Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5700 Crooks Rd Troy, MI 48098

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with amenities and ample parking.

    We can help!

    Listing Contact
    Daniel Canvasser
    Source: Nmrk

    Listing Agent: Daniel Canvasser

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

    Learn more

    Overview

    Full Service Office Space Available

    This property offers full-service buildings featuring a restaurant, conference room, day porter, and on-site maintenance, along with a grab-and-go sundry shop. Ample surface parking is available. The property at 5700 Crooks Rd, Troy, MI 48098, offers potential for direct access to tenant suites.
    Location Intelligence

    Current Use by Public Records

    Birmingham Business Credit, ... Financial Institution Law Offices of Mani ... Immigration Attorney BM Associates Inc Shopping Mall Coutilish John G Attorney Vincent Aceron with ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1673855
    Latitude
    42.602652

    Nearby Similar for Lease

    • $2,500 /Mo
      2,002 SF

      Village at Midtown Townhouse

      Three-story brick townhouse with elevator and convenient location.
      1462 Devon Ln, Troy, MI 48084
      View Details
    • $16 SF/Yr
      153,377 SF

      Troy Office Space For Rent

      Premier Troy office location with modern amenities and easy access.
      3290 W Big Beaver Troy Mi 48084, Troy, MI 48084
      View Details
    • $16 SF/Yr
      149,134 SF

      Premier Office Location Near Somerset

      Office space for rent with recent renovations and abundant parking.
      3250 W Big Beaver Troy Mi 48084, Troy, MI 48084
      View Details
    • Contact for pricing
      63,703 SF

      Main Road Flex Space Available

      Flex space available on Maple Road in Troy, Michigan.
      190-194 E Maple Rd, Troy, MI 48083
      View Details
    • Contact for pricing
      10,000 SF

      Oakland County Office Space Available

      5,000-10,000 SF office space in the heart of Oakland County.
      4700 Rochester Rd, Troy, MI 48085
      View Details
    • $12 SF/Yr
      20,380 SF

      Troy Office Space: Elmwood Ave

      Modern Office/R&D Space Available
      667 Elmwood Ave, Troy, MI 48083
      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
    • $10 SF/Yr
      19,305 SF

      Troy Flex Space Available

      Modern Flex/Warehouse Space in Troy, MI
      395-447 Elmwood Dr, Troy, MI 48083
      View Details
    • $9 SF/Yr
      39,071 SF

      Troy Industrial Flex Space For Lease

      Modern Flex Space, 20K+ SF Available
      2040 Crooks Rd, Troy, MI 48084
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office building with spaces available for lease.
      900 Wilshire Dr, Troy, MI 48084
      View Details
    • $17 SF/Yr
      21,641 SF

      Renovated Office Space with Amenities

      Recently renovated office space with fitness center and convenient location.
      900 Tower Dr, Troy, MI 48098
      View Details
    • Contact for pricing
      20,400 SF

      Troy Executive Office Building

      20,400 SF Office, Single Tenant, 1.35 Acres
      530 Stephenson Hwy, Troy, MI 48083
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent with amenities and ample parking.
    Where is this office space located?
    The property is located at 5700 Crooks Rd Troy, MI.
    What are key features of this property?
    This property features: - Full-service building with on-site maintenance.; - Ample surface parking spaces.; - Restaurant and grab & go sundry shop on-site for your convenience.
    (248) 350-8141
    Request Owner's contact information
    5700 Crooks Rd 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.
    5700 Crooks Rd
    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
    5700 Crooks Rd 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!
    Listing Contact
    Daniel Canvasser
    (248) 350-8141
    Learn more
    Google sign-in failed. Please try again or use another login method.