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Fully Renovated Office Building
For Lease
$18.50 SF/Yr

5600 New King Dr, Troy, MI 48098

Fully renovated office building offers shared conference center, outdoor seating plaza, and micro-market food service.

Space SizeContact for details
Days on Market50

Property Features for 5600 New King Dr

General Information

Standard status Active
Property subtype Office
Zoning R-C

Amenities

Shared Conference Center
Exterior Plaza with Outdoor Seating
Micro-Market Food Service
Prominent Building Signage
Professionally Managed
Listing Agency: L. Mason Capitani, Inc.
Listed By: Aaron R. Smith · License #6501377543
Source: Cpix.resimplifi
Added: Jul 20 Changed: Aug 14 Last Checked: Sep 7 at 4:31AM

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 L. Mason Capitani, Inc.

Investment Insights

Based on property information with market context.

This fully renovated office building is now under new ownership and offers up to 13,012 RSF of available office space for lease. The building includes a shared conference center, an exterior plaza with outdoor seating, and a micro-market food service for day-to-day convenience.

The property also features prominent building signage and is professionally managed. For tenants looking for a turn-key office environment with shared amenities, this renovated asset provides a practical, amenity-forward setup in the Troy, MI market.

Key Highlights

  • Up to 13,012 RSF available under new ownership
  • Building is fully renovated
  • Shared conference center for tenant use

Property Analytics

Current Use

Sakis & Sakis, PLC Law Firm Waterford Bank, N.A. Bank MiTown Realty Real Estate Agency MiState Property Management Property Management Company Dr. Michael A. Sandler, ... Physician

Suggested Use

Top Pick Dental Office Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

Demographics for 48098, MI

20,349
Population
7,828
Households
2.6
Avg Household Size
46
Median Age
77%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
2,165
Density / Sq Mi
$165,781
Median Household Income
$83,298
Median Earnings
$1,720
Median Rent
$485,300
Median Home Value

Market

Lease Benchmarks for Troy, MI

$18.64 /SF/Yr
Avg Asking Price
$6–$35.53 /SF/Yr
Price Range
21,828 SF
Avg Space Size

This space is priced 1% below the average of $18.64 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Fully renovated office building offers shared conference center, outdoor seating plaza, and micro-market food service.
Where is this office units located?
The property is located at 5600 New King Dr Troy, MI.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Up to 13,012 RSF available under new ownership; Building is fully renovated; Shared conference center for tenant use
More about this property
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