Remodeled Office Suite with Back
15087 N Holly Rd Holly, MI 48442
For Sale
$398,990
Completely remodeled office space with hardwood floors, extra carpeted area, and direct backyard access for flexible layout options.
Property Size1,828 SF
Price / SF$218.27
Days on Market88
Property Features for 15087 N Holly Rd
General Information
- Standard status
- Active
- Size
- 1,828 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1938
Listing Agency:
House to Home Real Estate
(248) 459-0198
Listed By:
Nancy J Hanks
(248) 459-0198
Source:
Elliman
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 23 at 10:41AM
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 House to Home Real Estate
Investment Insights
Based on property information with market context.
This completely remodeled office suite offers 1,828 square feet of space designed with three bedrooms and two full baths, which can be used as separate office areas. Interior finishes include hardwood flooring, along with an additional carpeted area. The layout also provides direct access to the backyard, and there is room to expand parking.
The property is described as having easy access to I-75, US-23, and nearby airports, with high traffic count and good visibility. Commercial District uses are referenced in the provided disclosures and documents.
For tenant-fit considerations, the listing notes possible uses ranging from office and professional services to medical and certain service-oriented concepts, as outlined in the Commercial District materials.
The property is described as having easy access to I-75, US-23, and nearby airports, with high traffic count and good visibility. Commercial District uses are referenced in the provided disclosures and documents.
For tenant-fit considerations, the listing notes possible uses ranging from office and professional services to medical and certain service-oriented concepts, as outlined in the Commercial District materials.
Key Highlights
- Completely remodeled 1,828 SF office space with hardwood flooring and an extra carpeted area
- 3 bedrooms and 2 full baths, with potential to use rooms as separate offices
- Direct access to the backyard from an extra carpeted area
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $25.20 |
| − Vacancy | −$4.8k | −$2.65 |
| EGI | $41.2k | $22.55 |
| − OpEx | −$16.5k | −$9.02 |
| NOI | $24.7k | $13.53 |
1,828 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$353.4K
$309.2K – $412.3K
NOI $24,737 @ 7.0% cap · market cap 6.20%
Second Best
Office B
$89.9K
$78.7K – $104.9K
NOI $6,293 @ 7.0% cap · market cap 1.58%
Theoretical Best
Specialty Retail
$394.3K
$345.0K – $460.0K
NOI $27,600 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Completely remodeled office space with hardwood floors, extra carpeted area, and direct backyard access for flexible layout options.
Where is this office units located?
The property is located at 15087 N Holly Rd Holly, MI.
What is the asking price?
The asking price for this property is $398,990.
What are key features of this property?
This property features: Completely remodeled 1,828 SF office space with hardwood flooring and an extra carpeted area; 3 bedrooms and 2 full baths, with potential to use rooms as separate offices; Direct access to the backyard from an extra carpeted area
