Occupied Office
4139 W Walton Boulevard, Waterford, MI 48329
For Sale
New
$650,000
The property has existing occupancy and an Office zoning designation.
Property Size7,452 SF
Price / SF$87.22
Days on Market5
Property Features for 4139 W Walton Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Estate One
Listed By:
Ernest L Gavrilides
(248) 625-0200
Source:
Buskardgroup
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 8:50AM
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 Real Estate One
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Investment Insights
Based on property information with market context.
This 7,452-square-foot office condominium at 4139 W Walton Boulevard in Waterford has existing occupancy. The building dates to 1999 and carries Office zoning.
Key Highlights
- 7,452‑square‑foot office condominium
- Existing occupancy
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,654
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,080
$513.1K
Cap Rate 7%
$366,486
$366.5K
Cap Rate 9%
$285,044
$285.0K
Market Conditions
NOI Build-Up for 7,452 SF
Gross rent
$44.7K $6.00/SF
− Vacancy
−$10.5K −$1.41/SF
EGI
$34.2K $4.59/SF
− OpEx
−$8.6K −$1.15/SF
NOI
$25.7K $3.44/SF
Area
Oakland 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%
$513,080
Cap Rate 7%
$366,486
Cap Rate 9%
$285,044
Alternative Uses
Best Use
Office B
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,513 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 48329, MI
24,391
Population
10,249
Households
2.4
Avg Household Size
45
Median Age
29%
College-Educated
94%
High-School Grad
10.3 sq mi
ZIP Area
2,368
Density / Sq Mi
$85,777
Median Household Income
$48,837
Median Earnings
$1,323
Median Rent
$245,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Oakland County, MI
Properties on Market for Office Units in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The property has existing occupancy and an Office zoning designation.
Where is this office unit located?
The property is located at 4139 W Walton Boulevard Waterford, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7,452‑square‑foot office condominium; Existing occupancy; Built in 1999
