Seven-Office Professional
22815 Kelly Road, Eastpointe, MI 48021
For Sale
New
$450,000
A flexible office layout includes private work areas, a conference room, a full kitchen, and four restrooms.
Property Size5,166 SF
Price / SF$87.11
Days on Market6
Property Features for 22815 Kelly Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Highway Access
Property Use
Amenities
legal library / conference room
full kitchen
Building Details
Building Size
Year Built
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Anthony U Rubino · License #6502425251
(586) 873-5419
Source:
Alleyrealestatesales
Added: Nov 2
Last Checked: Nov 6 at 2:01AM
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 Pilot Property Group - Residential LLC
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Investment Insights
Based on property information with market context.
This 5,166-square-foot office building, constructed in 1970, is arranged with seven private offices and a large legal library/conference room. Furniture is available, and the building also contains a full kitchen and four restrooms. Mixed-use zoning is in place.
The property is located at 22815 Kelly Road in Eastpointe, with access to I-94.
The property is located at 22815 Kelly Road in Eastpointe, with access to I-94.
Key Highlights
- Seven private offices; furniture available
- 5,166 square feet; built in 1970
- Large legal library/conference room, full kitchen, and 4 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,784
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,680
$355.7K
Cap Rate 7%
$254,057
$254.1K
Cap Rate 9%
$197,600
$197.6K
Market Conditions
NOI Build-Up for 5,166 SF
Gross rent
$31.0K $6.00/SF
− Vacancy
−$7.3K −$1.41/SF
EGI
$23.7K $4.59/SF
− OpEx
−$5.9K −$1.15/SF
NOI
$17.8K $3.44/SF
Area
Macomb 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%
$355,680
Cap Rate 7%
$254,057
Cap Rate 9%
$197,600
Alternative Uses
Best Use
Office B
$254.1K
$222.3K – $296.4K
NOI $17,784 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$967.2K
$846.3K – $1.13M
NOI $67,701 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Macomb County, MI
Properties on Market for Office buildings in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout includes private work areas, a conference room, a full kitchen, and four restrooms.
Where is this office building located?
The property is located at 22815 Kelly Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Seven private offices; furniture available; 5,166 square feet; built in 1970; Large legal library/conference room, full kitchen, and 4 restrooms
