Free-Standing Professional Office
For Sale
Contact for pricing
25509 Kelly Rd, Roseville, MI 48066
A fully occupied office building with strong parking and convenient access to I-94 and I-696.
Property Size6,699 SF
Price / SF$88.82
Days on Market1139
Property Features for 25509 Kelly Rd
General Information
Standard status
Active
Size
6,699 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
L. Mason Capitani, Inc.
(248) 637-7791
Listed By:
Al Iafrate, SIOR · License #6502352325
(248) 637-7791
Source:
Moodyscre
Added: Jul 10, 2023
Changed: Jul 26
Last Checked: Jul 26 at 5:36AM
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.
Investment Insights
Based on property information with market context.
This free-standing professional office building is offered with tenants in place, allowing for continued occupancy at the time of sale. The property is positioned to support daily business operations with excellent parking for staff and visitors.
Located at 25509 Kelly Rd in Roseville, MI, the building provides close proximity to I-94 and I-696, which can simplify commute and access for surrounding markets. The entire building is available for sale as an investment offering.
Located at 25509 Kelly Rd in Roseville, MI, the building provides close proximity to I-94 and I-696, which can simplify commute and access for surrounding markets. The entire building is available for sale as an investment offering.
Key Highlights
- Free‑standing professional office building offered as an entire building investment sale
- Tenants in place with the building fully occupied
- Excellent parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,220
$461.2K
Cap Rate 7%
$329,443
$329.4K
Cap Rate 9%
$256,233
$256.2K
Market Conditions
NOI Build-Up for 6,699 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.2K $6.00/SF
− Vacancy
−$9.4K −$1.41/SF
EGI
$30.7K $4.59/SF
− OpEx
−$7.7K −$1.15/SF
NOI
$23.1K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,220
Cap Rate 7%
$329,443
Cap Rate 9%
$256,233
Alternative Uses
Best Use
Office B
$329.4K
$288.3K – $384.4K
NOI $23,061 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,791 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A fully occupied office building with strong parking and convenient access to I-94 and I-696.
Where is this office building located?
The property is located at 25509 Kelly Rd Roseville, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Free‑standing professional office building offered as an entire building investment sale; Tenants in place with the building fully occupied; Excellent parking on site
