Fully Leased Office
39319 Plymouth Rd Livonia, MI 48150
39319 Plymouth Rd, Livonia, MI, 48150
$2,150,000
For Sale
$2,150,000
Fully leased office complex with recent upgrades to common area lighting, restrooms, paint, and landscaping.
Property Size27,068 SF
Price / SF$79.43
Days on Market197
Property Features for 39319 Plymouth Rd
General Information
- Standard status
- Active
- Size
- 27,068 SF
- Property subtype
- Office
Listing agency
Burger & Company
(248) 342-8383
Listed by
John O'Brien
(248) 342-8383
Source
Cpix.resimplifi
Added: Jan 6 Updated: Jul 21 at 1:47PM Checked: Jul 22 at 2:12AM
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 Burger & Company
Investment Insights
Based on property information with market context.
This fully leased office complex totals approximately 27,068 square feet and includes multiple recent upgrades throughout common areas. Improvements mentioned in the offering include common area LED lighting, restroom fixtures, paint, and landscaping.
The property is located just minutes from Downtown Plymouth. The current tenant mix referenced in the materials includes a law firm, therapist and physical rehab uses, child daycare, indoor golf, logistics-related operations, and massage therapy.
As presented, the offering includes a rent roll and supporting documentation that will be provided upon receipt of an acceptable offer.
The property is located just minutes from Downtown Plymouth. The current tenant mix referenced in the materials includes a law firm, therapist and physical rehab uses, child daycare, indoor golf, logistics-related operations, and massage therapy.
As presented, the offering includes a rent roll and supporting documentation that will be provided upon receipt of an acceptable offer.
Key Highlights
- Fully leased office complex with approximately 27,068 SF
- Recent upgrades in common areas including LED lighting, restroom fixtures, paint, and landscaping
- Tenant mix includes a law firm, therapist, physical rehab, child daycare, indoor golf, logistics, and massage therapy
Local Financial Insights For Office B
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 | $162.4k | $6.00 |
| − Vacancy | −$38.2k | −$1.41 |
| EGI | $124.2k | $4.59 |
| − OpEx | −$31.1k | −$1.15 |
| NOI | $93.2k | $3.44 |
27,068 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$4.07M
$3.56M – $4.75M
NOI $285,043 @ 7.0% cap · market cap 13.26%
Second Best
Office B
$1.33M
$1.16M – $1.55M
NOI $93,182 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$5.01M
$4.39M – $5.85M
NOI $350,801 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Transcendence Behavioral Health
Physician
MOD Mortgage, LLC
Loan Service
Visiting Angels Senior ...
Senior Citizen Center
Better Belly Therapies
Alternative Medicine Practice
Nicole Reynolds
Physician
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FAQs
What type of property is this?
Office building - Fully leased office complex with recent upgrades to common area lighting, restrooms, paint, and landscaping.
Where is this office building located?
The property is located at 39319 Plymouth Rd Livonia, MI.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Fully leased office complex with approximately 27,068 SF; Recent upgrades in common areas including LED lighting, restroom fixtures, paint, and landscaping; Tenant mix includes a law firm, therapist, physical rehab, child daycare, indoor golf, logistics, and massage therapy
