Office Unit with Dual-Road
For Sale
Contact for pricing
2032 E Square Lake Road, Troy, MI 48085
Private and shared lobby entrances complement ensuite and common-area restrooms.
Property Size11,673 SF
Price / SF$0.00
Days on Market19
Property Features for 2032 E Square Lake Road
General Information
Standard status
Active
Size
11,673 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office, Medical Office
Amenities
monument signage
ensuite and common area restrooms
private and shared lobby entrances
Building Details
Year Built
2001
Listing Agency:
GRI Homes for Today
(248) 234-6789
Listed By:
Tjader Gerdom · License #MI 6502357230
(248) 515-7606
Source:
Goodhomemi
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 at 2:09AM
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 GRI Homes for Today
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Investment Insights
Based on property information with market context.
This 11,673-square-foot office unit in a building completed in 2001 has windows facing both Square Lake Road and John R Road. The space includes an ensuite restroom, access to common-area restrooms, and both private and shared lobby entrances. Monument signage is available at the building.
The property sits at the Square Lake Road and John R Road intersection in Troy, with access from both roads. M-59 and I-75 are nearby, along with surrounding business districts and amenities.
The property sits at the Square Lake Road and John R Road intersection in Troy, with access from both roads. M-59 and I-75 are nearby, along with surrounding business districts and amenities.
Key Highlights
- 11,673‑square‑foot office unit
- Windows face both Square Lake Road and John R Road
- Ensuite restroom and access to common‑area restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,184
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,680
$803.7K
Cap Rate 7%
$574,057
$574.1K
Cap Rate 9%
$446,489
$446.5K
Market Conditions
NOI Build-Up for 11,673 SF
Gross rent
$70.0K $6.00/SF
− Vacancy
−$16.5K −$1.41/SF
EGI
$53.6K $4.59/SF
− OpEx
−$13.4K −$1.15/SF
NOI
$40.2K $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%
$803,680
Cap Rate 7%
$574,057
Cap Rate 9%
$446,489
Alternative Uses
Best Use
Office B
$574.1K
$502.3K – $669.7K
NOI $40,184 @ 7.0% cap · market cap 182,654.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,244 @ 7.0% cap · market cap 801,109.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 48085, MI
26,507
Population
9,330
Households
2.8
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,850
Density / Sq Mi
$144,146
Median Household Income
$65,370
Median Earnings
$2,213
Median Rent
$395,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Private and shared lobby entrances complement ensuite and common-area restrooms.
Where is this office unit located?
The property is located at 2032 E Square Lake Road Troy, MI.
What are key features of this property?
This property features: 11,673‑square‑foot office unit; Windows face both Square Lake Road and John R Road; Ensuite restroom and access to common‑area restrooms
