Fully Furnished Office Residence
For Sale
$695,000
34354 MORAVIAN DR, Sterling Heights, MI 48312
Fully furnished office setup with a functional client-facing layout and private office and administrative space plus a 1.5-car garage.
Property Size1,933 SF
Price / SF$359.54
Days on Market106
Property Features for 34354 MORAVIAN DR
General Information
Standard status
Active
Size
1,933 SF
Property subtype
Industrial
Amenities
3
Building Details
Year Built
19
Listing Agency:
Lambrecht Realty LLC
(248) 514-4667
Listed By:
James Lambrecht
(248) 514-4667
Source:
Xome
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 11 at 5:41AM
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 Lambrecht Realty LLC
Investment Insights
Based on property information with market context.
This fully furnished property is arranged for professional use, with a functional layout that supports client-facing operations, private offices, and administrative space. The offering includes a 1.5-car garage that can be used for storage or utilities. The building is presented as versatile office space suitable for a range of office-related uses.
The property is positioned on a highly visible corner of Moravian and Schoenherr, with high traffic exposure and excellent accessibility noted in the remarks. The site includes a generous lot with adjacent open land, and it neighbors a large utility parcel.
Overall, this is a compact, office-focused offering that combines an interior work environment with on-site ancillary space, set on a lot that includes additional adjacent open area per the provided information.
The property is positioned on a highly visible corner of Moravian and Schoenherr, with high traffic exposure and excellent accessibility noted in the remarks. The site includes a generous lot with adjacent open land, and it neighbors a large utility parcel.
Overall, this is a compact, office-focused offering that combines an interior work environment with on-site ancillary space, set on a lot that includes additional adjacent open area per the provided information.
Key Highlights
- Fully furnished office setup with a functional client‑facing layout and private office plus administrative space
- Located at the highly visible corner of Moravian and Schoenherr
- 1.5‑car garage provides additional storage or utility use
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
$24,328
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
3.50%
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%
$486,560
$486.6K
Cap Rate 7%
$347,543
$347.5K
Cap Rate 9%
$270,311
$270.3K
Market Conditions
NOI Build-Up for 1,933 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
$44.1K $22.80/SF
− Vacancy
−$3.5K −$1.82/SF
EGI
$40.5K $20.98/SF
− OpEx
−$16.2K −$8.39/SF
NOI
$24.3K $12.59/SF
Area
Sterling Heights, MI
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$486,560
Cap Rate 7%
$347,543
Cap Rate 9%
$270,311
Alternative Uses
Best Use
Healthcare Medical
$347.5K
$304.1K – $405.5K
NOI $24,328 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 48312, MI
34,854
Population
14,282
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
11.1 sq mi
ZIP Area
3,140
Density / Sq Mi
$71,266
Median Household Income
$40,488
Median Earnings
$1,176
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully furnished office setup with a functional client-facing layout and private office and administrative space plus a 1.5-car garage.
Where is this office units located?
The property is located at 34354 MORAVIAN DR Sterling Heights, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully furnished office setup with a functional client‑facing layout and private office plus administrative space; Located at the highly visible corner of Moravian and Schoenherr; 1.5‑car garage provides additional storage or utility use
