Office Building with Rear
For Sale
$895,000
3800 12 Mile Rd, Berkley, MI 48072
Office and retail layout with rear parking, a loading dock, and a 2024 roof replacement.
Property Size6,814 SF
Price / SF$131.35
Days on Market50
Property Features for 3800 12 Mile Rd
General Information
Standard status
Active
Size
6,814 SF
Class
C
Property subtype
Office
Building Details
Building Size
6,814 SF
Year Built
1970
Listing Agency:
Thomas A. Duke Company
Listed By:
Andrew Battersby · License #6501384188
(248) 631-8085
Source:
Thomasduke
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 6 at 6:47AM
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 Thomas A. Duke Company
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Investment Insights
Based on property information with market context.
The 6,814-SF property combines office and retail space within a building constructed in 1970. A warehouse area and loading dock are located at the rear, with a large parking field behind the building. The roof was replaced in 2024.
Positioned at a signalized intersection at 3800 12 Mile Rd in Berkley, MI, the property offers an office-oriented commercial configuration with supporting retail and warehouse components.
Positioned at a signalized intersection at 3800 12 Mile Rd in Berkley, MI, the property offers an office-oriented commercial configuration with supporting retail and warehouse components.
Key Highlights
- 6,814 SF office and retail property
- Rear warehouse area with loading dock
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,321
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,420
$1.5M
Cap Rate 7%
$1,047,443
$1.0M
Cap Rate 9%
$814,678
$814.7K
Market Conditions
NOI Build-Up for 6,814 SF
Gross rent
$114.5K $16.80/SF
− Vacancy
−$9.7K −$1.43/SF
EGI
$104.7K $15.37/SF
− OpEx
−$31.4K −$4.61/SF
NOI
$73.3K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,420
Cap Rate 7%
$1,047,443
Cap Rate 9%
$814,678
Alternative Uses
Best Use
Retail
$1.05M
$916.5K – $1.22M
NOI $73,321 @ 7.0% cap · market cap 8.19%
Second Best
Warehouse
$585.6K
$512.4K – $683.3K
NOI $40,995 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,880 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
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Business Placement
Demographics for 48072, MI
15,194
Population
7,068
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
6,331
Density / Sq Mi
$113,103
Median Household Income
$68,818
Median Earnings
$1,436
Median Rent
$289,200
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 - Office and retail layout with rear parking, a loading dock, and a 2024 roof replacement.
Where is this office unit located?
The property is located at 3800 12 Mile Rd Berkley, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6,814 SF office and retail property; Rear warehouse area with loading dock; Roof replaced in 2024
