Office Unit with Flexible
For Sale
$87,000
25689 KELLY RD, Roseville, MI 48066
Professional office space with central air, private offices, storage, and a large area suitable for workstations.
Property Size1,116 SF
Price / SF$77.96
Days on Market8
Property Features for 25689 KELLY RD
General Information
Standard status
Active
Size
1,116 SF
Property subtype
Industrial
Additional Details
Floor
Ground Floor
Highway Access
Yes
Amenities
Central Air
Building Details
Year Built
1984
Listing Agency:
Express Realty, Inc.
(248) 930-8896
Listed By:
Linda Browning · License #6506045330
(248) 930-8896
Source:
Xome
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 3:08PM
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 Express Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,116-square-foot office unit, built in 1984, offers a reception area, two separate offices, and a large storage closet. The oversized main area can accommodate multiple cubicles, providing flexibility for medical or professional office use. Central air is included, and public restrooms are located near the suite.
The property is positioned on Kelly Road in Roseville near the St. Clair Shores border, with access to I-94 and I-696. The unit is the first door inside the building’s south entrance, creating a straightforward arrival point for occupants and visitors.
The property is positioned on Kelly Road in Roseville near the St. Clair Shores border, with access to I-94 and I-696. The unit is the first door inside the building’s south entrance, creating a straightforward arrival point for occupants and visitors.
Key Highlights
- 1,116 SF office unit built in 1984
- Reception area, 2 separate offices, and a large storage closet
- Oversized main area can accommodate multiple cubicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,842
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$76,840
$76.8K
Cap Rate 7%
$54,886
$54.9K
Cap Rate 9%
$42,689
$42.7K
Market Conditions
NOI Build-Up for 1,116 SF
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.
Gross rent
$6.7K $6.00/SF
− Vacancy
−$1.6K −$1.41/SF
EGI
$5.1K $4.59/SF
− OpEx
−$1.3K −$1.15/SF
NOI
$3.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$76,840
Cap Rate 7%
$54,886
Cap Rate 9%
$42,689
Alternative Uses
Best Use
Office B
$54.9K
$48.0K – $64.0K
NOI $3,842 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$208.9K
$182.8K – $243.8K
NOI $14,625 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office space with central air, private offices, storage, and a large area suitable for workstations.
Where is this office units located?
The property is located at 25689 KELLY RD Roseville, MI.
What is the asking price?
The asking price for this property is $87,000.
What are key features of this property?
This property features: 1,116 SF office unit built in 1984; Reception area, 2 separate offices, and a large storage closet; Oversized main area can accommodate multiple cubicles
