Office Building on Long
For Sale
$10,000,000
1441 West Long Lake Road, Troy, MI 48098
Office building for sale at 1441 W Long Lake Rd.
Property Size109,234 SF
Days on Market192
Property Features for 1441 West Long Lake Road
General Information
Standard status
Active
Size
109,234 SF
Property subtype
Office
Building Details
Building Size
109,234 SF
Listing Agency:
Newmark | Chicago
Listed By:
Jim Postweiler
(847) 971-5850
Source:
Nmrk
Added: Apr 8
Changed: Oct 4
Last Checked: Oct 14 at 8:09PM
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 Newmark | Chicago
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Investment Insights
Based on property information with market context.
The property is located at 1441 West Long Lake Road, Troy, MI 48098. It is an office building and is available for sale.
Key Highlights
- Address: 1441 W Long Lake Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$376,038
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,520,760
$7.5M
Cap Rate 7%
$5,371,971
$5.4M
Cap Rate 9%
$4,178,200
$4.2M
Market Conditions
NOI Build-Up for 109,234 SF
Gross rent
$655.4K $6.00/SF
− Vacancy
−$154.0K −$1.41/SF
EGI
$501.4K $4.59/SF
− OpEx
−$125.3K −$1.15/SF
NOI
$376.0K $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%
$7,520,760
Cap Rate 7%
$5,371,971
Cap Rate 9%
$4,178,200
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.27M
NOI $376,038 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.56M
$20.62M – $27.49M
NOI $1,649,259 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 48098, MI
20,349
Population
7,828
Households
2.6
Avg Household Size
46
Median Age
77%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
2,165
Density / Sq Mi
$165,781
Median Household Income
$83,298
Median Earnings
$1,720
Median Rent
$485,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale at 1441 W Long Lake Rd.
Where is this office building located?
The property is located at 1441 West Long Lake Road Troy, MI.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Address: 1441 W Long Lake Rd
