Free Standing Office
3297 Five Points Drive Auburn Hills, MI 48326
3297 Five Points Drive, Auburn Hills, MI, 48326
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For Sale
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Standalone office building with renewal options and defined landlord versus tenant maintenance responsibilities.
Property Size2,400 SF
Price / SF$322.92
Days on Market47
Property Features for 3297 Five Points Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agency
Pilot Property Group
(586) 873-5419
Listed by
Anthony Rubino · License #MI 6502425251
Source
Crexi
Added: Jun 5 Updated: Jul 21 at 5:48PM Checked: Jul 21 at 5:48PM
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
Investment Insights
Based on property information with market context.
This free standing office building offers a straightforward layout in a standalone configuration. The ownership and operating responsibilities are clearly allocated: the landlord is responsible for the roof, outer walls, and the parking lot, while the tenant is responsible for maintaining the HVAC units and for repairs up to $2,500 annually.
For lease continuity, the tenant has two (2) five (5) year renewal options at fair market value. The agreement also references annual increases of $0.50.
The property is located at 3297 Five Points Drive in Auburn Hills, Michigan 48326.
For lease continuity, the tenant has two (2) five (5) year renewal options at fair market value. The agreement also references annual increases of $0.50.
The property is located at 3297 Five Points Drive in Auburn Hills, Michigan 48326.
Key Highlights
- Free‑standing office building built in 2003
- Includes two (2) five (5)-year tenant renewal options at fair market value
- Tenant responsible for HVAC maintenance and repairs, with up to $2,500 annually
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $25.20 |
| − Vacancy | −$6.4k | −$2.65 |
| EGI | $54.1k | $22.55 |
| − OpEx | −$21.7k | −$9.02 |
| NOI | $32.5k | $13.53 |
2,400 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$464.0K
$406.0K – $541.3K
NOI $32,478 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$118.0K
$103.3K – $137.7K
NOI $8,262 @ 7.0% cap · market cap 1.07%
Theoretical Best
Specialty Retail
$517.7K
$453.0K – $603.9K
NOI $36,236 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OMPT Specialists Physical ...
Medical Clinic
MOLLY ANNE BALBACH
Physician
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FAQs
What type of property is this?
Office building - Standalone office building with renewal options and defined landlord versus tenant maintenance responsibilities.
Where is this office building located?
The property is located at 3297 Five Points Drive Auburn Hills, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Free‑standing office building built in 2003; Includes two (2) five (5)-year tenant renewal options at fair market value; Tenant responsible for HVAC maintenance and repairs, with up to $2,500 annually
