Office Complex with Direct-Entry
1403-1471 E 12 Mile Road, Madison Heights, MI 48071
For Sale
$4,200,000
The offering includes a retail pad site on 12 Mile Road alongside fully occupied office space.
Property Size48,034 SF
Price / SF$87.44
Days on Market50
Property Features for 1403-1471 E 12 Mile Road
General Information
Standard status
Size
Net Rentable
Class
Property subtype
Occupancy
Additional Details
Highway Access
Amenities
landscaped park-like setting
direct-entry suites
Building Details
Building Size
Listing Agency:
KJ Commercial
Listed By:
Kevin Jappaya, CCIM · License MI #6502380656
(248) 931-1980
Source:
Kjcre
Added: Sep 26
Changed: Nov 9
Last Checked: Nov 12 at 6:46AM
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 KJ Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property has direct-entry suites and is reported at 100% occupancy. A retail pad site on 12 Mile Road is part of the offering, although some buildings within the complex are excluded from the sale. The property is professionally managed and maintained, with landscaped grounds and abundant parking.
Regional access is available from I-75 and I-696, both described as minutes away. More than 325,000 people live within a 5-mile radius.
Regional access is available from I-75 and I-696, both described as minutes away. More than 325,000 people live within a 5-mile radius.
Key Highlights
- 100% occupancy
- Retail pad site on 12 Mile Road included in the offering
- Direct‑entry office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,357
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,307,140
$3.3M
Cap Rate 7%
$2,362,243
$2.4M
Cap Rate 9%
$1,837,300
$1.8M
Market Conditions
NOI Build-Up for 48,034 SF
Gross rent
$288.2K $6.00/SF
− Vacancy
−$67.7K −$1.41/SF
EGI
$220.5K $4.59/SF
− OpEx
−$55.1K −$1.15/SF
NOI
$165.4K $3.44/SF
Area
Oakland 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 Rate 5%
$3,307,140
Cap Rate 7%
$2,362,243
Cap Rate 9%
$1,837,300
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,357 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.36M
$9.07M – $12.09M
NOI $725,237 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Oakland County, MI
Properties on Market for Office buildings in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The offering includes a retail pad site on 12 Mile Road alongside fully occupied office space.
Where is this office building located?
The property is located at 1403-1471 E 12 Mile Road Madison Heights, MI.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 100% occupancy; Retail pad site on 12 Mile Road included in the offering; Direct‑entry office suites
