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

    6041 Edmunds Dr Troy, MI 48085

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $665,565

    New construction condo community bordering nature preserve, minutes from amenities.

    Property size:
    1,840 SF

    Property Features for 6041 Edmunds Dr

    General Information

    Standard status
    Pending
    Size
    1,840 SF

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Dominic L Alessi
    Source: Exitrealty

    Listing Agency: Robertson Brothers Company Listing Agent: Dominic L Alessi

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

    Learn more

    Overview

    New Condo Community in Troy

    This new condo community, Meadows of Troy, is located in Troy, bordering a 60-acre nature preserve. Situated between John R. and Dequindre, it offers convenient access to I-75, M59, hotels, shopping, and golf courses. The "Raleigh" floor plan features over 1,800 square feet of open living space with 9' and 10' ceilings, expansive windows, and storage space. The kitchen and living room serve as focal points, and buyers can select finishes in the design studio. The home includes an 8' kitchen island near the dining and family rooms. The master suite, located off the great room, includes a spacious bathroom, a walk-in closet, a frameless glass shower enclosure, a bench seat, and tile. A large home office with a bay window is configured with plugs and outlets. Basements can be finished to add extra bedrooms, windows, and wet bars. This listing is for #24 and is to be built.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1187
    Latitude
    42.5998

    Nearby Similar for Sale

    • $2,400,000
      4,600 SF

      Landscaping Business and Real Estate

      Established landscaping business with real estate for sale in Troy.
      123 Crooks Rd, Troy, MI 48098
      View Details
    • $6,100,000

      Manufacturing Warehouse Near I-75 Freeway

      Spacious 53,000 sq ft manufacturing warehouse in Troy, Michigan.
      1410 Allen Dr, Troy, MI 48083
      View Details
    • Contact for pricing

      Professional Office Building For Sale

      Professional office building for sale with conversion potential.
      1869 E Maple Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Move-In Ready Office Suites

      Office suites in move-in condition with shared amenities.
      575 E Big Beaver Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building with covered parking and signage.
      1111 W Long Lake Rd, Troy, MI 48098
      View Details
    • Contact for pricing

      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
    • $1,400,000
      12,480 SF

      Troy Warehouse For Sale

      12,480 SF warehouse/industrial property in Troy, Michigan.
      1826 Northwood Dr, Troy, MI 48324
      View Details
    • Contact for pricing

      Prime Troy Office Building

      Office suites for lease in a well-located, classic building.
      1621-1663 W Big Beaver Rd, Troy, MI 48084
      View Details
    • Contact for pricing

      Renovated Office Building For Sale

      Office building with renovations underway, suitable for office or medical use.
      5600 New King Dr, Troy, MI 48098
      View Details
    • Contact for pricing

      Renovated Office Building Near I-75

      Two-story office building with recent renovations and basement storage.
      2950 W Square Lake Rd, Troy, MI 48098
      View Details
    • Contact for pricing

      Office Property on Rochester Road

      Office suites with direct entry, landscaping, and convenient parking.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details

    FAQs

    What type of property is this?
    Residential income property - New construction condo community bordering nature preserve, minutes from amenities.
    Where is this residential income property located?
    The property is located at 6041 Edmunds Dr Troy, MI.
    What is the asking price?
    The asking price for this property is $665,565.
    What are key features of this property?
    This property features: - New construction detached condo in Troy bordering a 60-acre nature preserve.; - Over 1,800 sq ft of open living space with 9' and 10' ceilings and expansive windows.; - Customize finishes in the designer's studio.
    (248) 234-1720
    Request Owner's contact information
    6041 Edmunds Dr Troy, MI 48085
    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.
    6041 Edmunds Dr
    Troy, MI 48085
    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
    6041 Edmunds Dr Troy, MI 48085
    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
    Dominic L Alessi
    Real Estate License ID: 6501397716
    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!