Office Units with Private
For Sale
$169,900
1550 N Milford Road #8 - 9, Milford, MI 48381
Two lower-level suites include a finished office and a second space currently used for storage.
Property Size1,547 SF
Price / SF$109.83
Days on Market280
Property Features for 1550 N Milford Road #8 - 9
General Information
Standard status
Active
Size
1,547 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Floor
Lower Level
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,775
Amenities
private entrance
ADA bathrooms
Building Details
Building Size
1,547 SF
Year Built
2004
Stories
1
Listing Agency:
Havn Real Estate & Appr LLC
(855) 482-5666
Listed By:
Ryan Weston · License #6501375949
(734) 352-1389
Source:
Carterassociatesrealty
Added: Jan 29
Changed: Nov 3
Last Checked: Nov 3 at 2:56PM
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 Havn Real Estate & Appr LLC
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.
Two office suites occupy the lower level of a 2004 building and share a private entrance. The combined area is 1,547 square feet. One suite has updated carpet and interior paint; the other remains unfinished and is being used for storage. Both have open layouts and tall ceilings.
Male and female ADA-compliant restrooms serve the space. The property is zoned Commercial and is located at 1550 N Milford Road in Milford Charter Township, Michigan.
Male and female ADA-compliant restrooms serve the space. The property is zoned Commercial and is located at 1550 N Milford Road in Milford Charter Township, Michigan.
Key Highlights
- Two lower‑level office suites totaling 1,547 square feet
- One suite has new carpeting and interior paint
- Second suite is unfinished and currently used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,326
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$106,520
$106.5K
Cap Rate 7%
$76,086
$76.1K
Cap Rate 9%
$59,178
$59.2K
Market Conditions
NOI Build-Up for 1,547 SF
Gross rent
$9.3K $6.00/SF
− Vacancy
−$2.2K −$1.41/SF
EGI
$7.1K $4.59/SF
− OpEx
−$1.8K −$1.15/SF
NOI
$5.3K $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%
$106,520
Cap Rate 7%
$76,086
Cap Rate 9%
$59,178
Alternative Uses
Best Use
Office B
$76.1K
$66.6K – $88.8K
NOI $5,326 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 48381, MI
13,794
Population
5,588
Households
2.5
Avg Household Size
45
Median Age
45%
College-Educated
96%
High-School Grad
19.5 sq mi
ZIP Area
707
Density / Sq Mi
$103,156
Median Household Income
$61,929
Median Earnings
$1,146
Median Rent
$386,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Two lower-level suites include a finished office and a second space currently used for storage.
Where is this office unit located?
The property is located at 1550 N Milford Road #8 - 9 Milford, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two lower‑level office suites totaling 1,547 square feet; One suite has new carpeting and interior paint; Second suite is unfinished and currently used for storage
