Entity Owned 
For Lease
1 / 2
$16.95 SF/Yr
900 Wilshire Dr, Troy, MI 48084
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Property summary
AI-generated overview
This exceptional Class B office building, Wilshire Plaza North, offers a prime opportunity for businesses seeking flexible and modern workspace in Troy, Michigan. Located at 900 Wilshire Drive, this 160,433 square foot property boasts a convenient location within the Troy submarket of Oakland County. The building features multiple tenancies, allowing for diverse occupancy options. Spaces range from a minimum of 1,573 square feet to a maximum contiguous space of 22,585 square feet, with a significant 35,688 square feet currently vacant. This presents a unique chance to secure a substantial footprint or smaller, adaptable suites. Built in 1987, the building sits on a generous 13.25-acre lot and provides ample parking with a ratio of 4.5 spaces per 1,000 square feet. The property's executive office subtype caters to businesses seeking a prestigious and functional work environment. This is an excellent opportunity to establish or expand your business in a thriving Michigan location. The property is available for lease. Contact us today to explore the possibilities.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
169,386 SF
Lot
13.25 ac (577,170 SF)
Zoning code
O-M
APN
88-20-21-304-025
UPID
US43-0166463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Financial Advisor
-
Factory Production Facility
-
Law Firm
-
Consultant Tax Preparation
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.61M
Blend (final)
Blend
$25.62M
Owner & transaction history
since 2017
3 recorded transactions
Zoning & alternative use
O-M · Troy, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$25.62M
Value range
$23.05M – $28.18M
±10% around blend
Estimated value / SF
$151 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$23.05M
blend $25.62M
$28.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
169,386 SF
Lot area
13.25 ac
Year built
1986
Stories
3
APN
88-20-21-304-025
Zoning
O-M
Assessed value
$8,645,340
Annual tax
$392,939
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$392,939
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$25.61M
Range $21.60M – $41.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$25.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 71 sales
$183
-17%
County 344 sales
$176
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $151/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$809k
Move the market yield to see immediate price impact.
Value / SF
$5
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$51k
$1.02M
$728k
$566k
$57k
$1.13M
$809k
$629k
$62k
$1.25M
$890k
$692k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$392,939
Tax year 2022
Assessed value
$8,645,340
Assessed 2022
Previous assessed
$8,645,340
+0.0% YoY
Effective rate
4.55%
On assessed value
Total market value
$17,290,680
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1986
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
169,386 SF
Lot
13.25 ac (577,170 SF)
Zoning code
O-M
APN
88-20-21-304-025
UPID
US43-0166463
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-M · Troy, MIZoning O-M · permitted uses
O-M · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
13.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O-M
Jurisdiction
Troy, MI
Recorded code
O-M
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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