Upscale Office Buildings Near
7555-7581 Secor Rd Lambertville, MI 48144
For Sale
$2,400,000
Office buildings suitable for medical and professional tenants, near Kroger.
Property Size18,426 SF
Price / SF$130.25
Days on Market132
Property Features for 7555-7581 Secor Rd
General Information
Standard status
Active
Size
18,426 SF
Property subtype
Investment
Building Details
Year Built
2004
Listing Agency:
Signature Associates - Toledo
(419) 290-8334
Listed By:
Keenan Fields · License #BRKP.2022005426
(419) 290-8334
Source:
Cpix.resimplifi
Added: Mar 18
Changed: Jul 10
Last Checked: Jul 27 at 2:23AM
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 - Toledo
Investment Insights
Based on property information with market context.
These upscale office buildings are located near Kroger Marketplace and are suitable for both medical and professional tenants. The property features quality national and regional tenants with solid credit. The buildings are professionally managed and maintained. The total property size is 18426 square feet. A total operating income and expenses statement (12 months) is available upon signing a confidentiality agreement. The property is located at 7555-7581 Secor Rd, Lambertville, MI, 48144.
Key Highlights
- Upscale office buildings near Kroger Marketplace
- Optimal for medical/professional tenants
- Quality national and regional tenants with solid credit
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 | $325.0k | $17.64 |
| − Vacancy | −$52.0k | −$2.82 |
| EGI | $273.0k | $14.82 |
| − OpEx | −$68.3k | −$3.70 |
| NOI | $204.8k | $11.11 |
18,426 SF · lease $17.64/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.41M
NOI $204,772 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$2.13M
$1.87M – $2.49M
NOI $149,251 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$19.00M
$16.63M – $22.17M
NOI $1,330,286 @ 7.0% cap · market cap 55.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office buildings suitable for medical and professional tenants, near Kroger.
Where is this office building located?
The property is located at 7555-7581 Secor Rd Lambertville, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Upscale office buildings near Kroger Marketplace; Optimal for medical/professional tenants; Quality national and regional tenants with solid credit
