Fully Furnished Office Residence
For Sale
$645,000
34354 Moravian, 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$333.68
Days on Market105
Property Features for 34354 Moravian
General Information
Standard status
Active
Size
1,933 SF
Listing Agency:
Lambrecht Realty LLC
Listed By:
James Lambrecht
(248) 309-3605
Source:
Sellinghomesinmichigan
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 28 at 2:13PM
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
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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 / Yr
$24,328
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
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
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 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 3.77%
Second Best
Office B
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - 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 unit located?
The property is located at 34354 Moravian Sterling Heights, MI.
What is the asking price?
The asking price for this property is $645,000.
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
