Fully Leased Office
For Sale
$2,050,000
39319 Plymouth Rd, Livonia, MI 48150
Fully leased office complex with recent upgrades to common area lighting, restrooms, paint, and landscaping.
Property Size27,068 SF
Price / SF$75.74
Days on Market168
Property Features for 39319 Plymouth Rd
General Information
Standard status
Active
Size
27,068 SF
Property subtype
Office
Zoning
C-2
Occupancy
100%
Building Details
Building Size
27,068 SF
Tenancy
Multi
Listing Agency:
Burger & Company
Listed By:
John O'Brien
(248) 342-8383
Source:
Cpix.resimplifi
Added: May 7
Changed: Oct 6
Last Checked: Oct 20 at 5:12PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,182
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,640
$1.9M
Cap Rate 7%
$1,331,171
$1.3M
Cap Rate 9%
$1,035,356
$1.0M
Market Conditions
NOI Build-Up for 27,068 SF
Gross rent
$162.4K $6.00/SF
− Vacancy
−$38.2K −$1.41/SF
EGI
$124.2K $4.59/SF
− OpEx
−$31.1K −$1.15/SF
NOI
$93.2K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,640
Cap Rate 7%
$1,331,171
Cap Rate 9%
$1,035,356
Alternative Uses
Best Use
Healthcare Medical
$4.07M
$3.56M – $4.75M
NOI $285,043 @ 7.0% cap · market cap 13.90%
Second Best
Office B
$1.33M
$1.16M – $1.55M
NOI $93,182 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$5.01M
$4.39M – $5.85M
NOI $350,801 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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 $2,050,000.
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
