Flexible Office
For Sale
Contact for pricing
431 Stephenson Hwy, Troy, MI 48083
Finished office and high-tech space with reconfigurable interior walls and on-site parking.
Property Size22,752 SF
Price / SF$0.00
Days on Market58
Property Features for 431 Stephenson Hwy
General Information
Standard status
Active
Size
22,752 SF
Property subtype
Office
Zoning
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
22,752 SF
Year Built
1971
Buildings
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Christopher G. Secontine
(248) 799-3174
Source:
Cpix.resimplifi
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 4:47AM
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 Signature Associates - Southfield
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Investment Insights
Based on property information with market context.
This 22,752-square-foot office building in Troy offers a finished interior suited to office and high-tech operations. Interior office walls can be removed, allowing the layout to be reconfigured as requirements change. Constructed in 1971, the property provides an established commercial building for owner-users or occupants seeking adaptable space.
The property is located at 431 Stephenson Hwy, north of 14 Mile Road and near I-75. On-site parking is described as ample, supporting daily access for employees and visitors.
The property is located at 431 Stephenson Hwy, north of 14 Mile Road and near I-75. On-site parking is described as ample, supporting daily access for employees and visitors.
Key Highlights
- 22,752‑square‑foot office building
- Finished office and high‑tech interior
- Interior office walls can be removed for reconfiguration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,324
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,480
$1.6M
Cap Rate 7%
$1,118,914
$1.1M
Cap Rate 9%
$870,267
$870.3K
Market Conditions
NOI Build-Up for 22,752 SF
Gross rent
$136.5K $6.00/SF
− Vacancy
−$32.1K −$1.41/SF
EGI
$104.4K $4.59/SF
− OpEx
−$26.1K −$1.15/SF
NOI
$78.3K $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%
$1,566,480
Cap Rate 7%
$1,118,914
Cap Rate 9%
$870,267
Alternative Uses
Best Use
Office B
$1.12M
$979.1K – $1.31M
NOI $78,324 @ 7.0% cap · market cap 559,457.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.91M
$4.29M – $5.73M
NOI $343,519 @ 7.0% cap · market cap 2,453,707.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
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 building - Finished office and high-tech space with reconfigurable interior walls and on-site parking.
Where is this office building located?
The property is located at 431 Stephenson Hwy Troy, MI.
What are key features of this property?
This property features: 22,752‑square‑foot office building; Finished office and high‑tech interior; Interior office walls can be removed for reconfiguration
