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    Multi-Tenant Office Building For Rent Title is generated by Realmo AI

    30200 Telegraph Road, Bingham Farms, MI

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    Four-story office building with suites available in Bingham Farms, MI.

    Type:OFFICE
    Property size:
    736 SF
    Lot size:
    6.43 Acres
    Added:
    Nov 21, 2022
    Days on Market:
    1292
    Last Refresh:
    May 20 at 9:20 pm

    Property Features for 30200 Telegraph Road

    General Information

    Standard status
    Active
    Size
    736 SF
    Lot size
    6.43 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 30200 Telegraph Road Contact us

    We can help!

    Listing Contact
    Todd Hawley
    Todd Hawley

    Listing agent Todd Hawley

    Listing office Friedman Integrated Real Estate - Corporate

    Listing date Nov 21, 2022

    Source Moodyscre

    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 Friedman Integrated Real Estate - Corporate

    HighLights

    • Up to 29,315 SF available with updated modern finishes, private elevator access, glass‑walled offices, expansive glass entry, and furnishings.
    • On‑site ownership & professional management.
    • Picturesque atrium extending through all floors with floor‑to‑ceiling windows and views.
    • Full‑service gourmet café with available suite catering.
    • Ample parking: 600 well‑lit spaces (4/1,000 SF).
    • Convenient location: Minutes to I‑696 interchange and numerous area amenities.

    Overview

    This four-story multi-tenant office building offers approximately 165,000 square feet of space. Suites are available, ranging from 1,000 square feet up to 29,315 square feet. The 29,315-square-foot suite is divisible and features updated, modern finishes, private elevator access, glass-walled offices, an expansive glass entry, and furnishings throughout. The building boasts a picturesque atrium extending through all floors and floor-to-ceiling windows offering exterior and atrium views. On-site ownership and professional management are present. A full-service gourmet café is available, with suite catering options. An after-hours fast-track sundry shop is also available. The property is situated in a campus setting with park and picnic areas. After-hours security is provided. Parking includes 600 well-lit spaces, with a ratio of 4 spaces per 1,000 square feet. Numerous area amenities, including restaurants, shopping, hotels, and fitness facilities, are nearby. The property is located minutes from the I-696 interchange. Rental rates start from $15.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bingham Farms
    County
    Oakland
    State
    Michigan
    Longitude
    -83.266657
    Latitude
    42.5246737

    Nearby Similar for Lease

    • $18 SF/Yr
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      Bingham Farms Office Space Available

      Up to 5,340 SF of professionally managed office space.
      30850 Telegraph Road, Bingham Farms, MI, 48025
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      20,000 SF

      Bingham Farms Office Space Available

      Full-service office building with flexible layouts and central location.
      30150 Telegraph Rd, Bingham Farms, MI 48025
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      20,000 SF

      Full Service Office Building

      Office building with cafeteria, conference room, on-site management, and security.
      30300 Telegraph Rd, Bingham Farms, MI 48025
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    • $16 SF/Yr
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      Move-In Ready Office Suites

      Office suites available for rent with ample parking.
      30700 Telegraph Rd, Bingham Farms, MI 48025
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    • Contact for pricing
      17,000 SF

      Move-In Ready Office Suites

      Office suites available for rent with various amenities.
      30600 Telegraph Rd, Bingham Farms, MI 48025
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    • Contact for pricing
      17,000 SF

      Move-In Ready Office Suites Available

      Office suites for rent with ample parking and amenities.
      30800 Telegraph Rd, Bingham Farms, MI 48025
      View Details
    • $15 SF/Yr

      Full-Service Office Building

      High-quality office building with exclusive address and superior service.
      30400 Telegraph Rd, Bingham Farms, MI 48025
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    • $21 SF/Yr

      Office Space Available For Lease

      Office space for lease at 32270 Telegraph Road.
      32270 Telegraph Road, Bingham Farms, MI 48025
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    • $15 SF/Yr

      Office Space for Lease

      Office space available for lease in Bingham Farms, Michigan.
      30200 Telegraph Rd, Bingham Farms, MI 48025
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    • $25 SF/Yr
      3,163 SF

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,174 to 3,163 SqFt.
      30752-30758 Telegraph Rd, Bingham Farms, MI 48025
      View Details

    FAQs

    What type of property is this?
    Office building - Four-story office building with suites available in Bingham Farms, MI.
    Where is this office building located?
    The property is located at 30200 Telegraph Road Bingham Farms, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Up to 29,315 SF available with **updated modern finishes, private elevator access, glass‑walled offices, expansive glass entry, and furnishings.**; On‑site ownership & professional management.; **Picturesque atrium extending through all floors with floor‑to‑ceiling windows and views.**
    (248) 324-2000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Hawley
    Todd Hawley
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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