Four-Story Office Building with
3201 University Dr, Auburn Hills, MI 48326
For Sale
Contact for pricing
Four-story office building with easy access to I-75.
Property Size55,528 SF
Price / SF$0.00
Days on Market288
Property Features for 3201 University Dr
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 3201 University Dr
Suite 355
Size
1,118 SF
Type
Office Building
Term
Negotiable
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Aaron Smith · License MI #6501377543
(248) 637-3515
Source:
Corfac
Added: Jan 26
Changed: Aug 8
Last Checked: Apr 5 at 8:38PM
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 L. Mason Capitani, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This elegantly designed four-story office building features a two-story atrium. The building offers convenient floor plates and easy access to I-75. Up to 2,037 rentable square feet is available on the first floor. Monument signage is available along University Drive. The property is located close to Chrysler’s Headquarters, Volkswagen, Siemens, Delphi, and Oakland University. The property size is 55,528 square feet.
Key Highlights
- Easy access to I‑75.
- Close proximity to major employers like Chrysler, Volkswagen, Siemens, Delphi, and Oakland University.
- Elegantly designed 4‑story office building with a striking 2‑story atrium.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,155
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,823,100
$3.8M
Cap Rate 7%
$2,730,786
$2.7M
Cap Rate 9%
$2,123,944
$2.1M
Market Conditions
NOI Build-Up for 55,528 SF
Gross rent
$333.2K $6.00/SF
− Vacancy
−$78.3K −$1.41/SF
EGI
$254.9K $4.59/SF
− OpEx
−$63.7K −$1.15/SF
NOI
$191.2K $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%
$3,823,100
Cap Rate 7%
$2,730,786
Cap Rate 9%
$2,123,944
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,155 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.98M
$10.48M – $13.97M
NOI $838,384 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Oakland County, MI
Properties on Market for Office buildings in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Four-story office building with easy access to I-75.
Where is this office building located?
The property is located at 3201 University Dr Auburn Hills, MI.
What are key features of this property?
This property features: Easy access to I‑75.; Close proximity to major employers like Chrysler, Volkswagen, Siemens, Delphi, and Oakland University.; Elegantly designed 4‑story office building with a striking 2‑story atrium.
