Rebuilt Office Building For
13650 Eight Mile Rd Oak Park, MI 48237
13650 Eight Mile Rd, Oak Park, MI, 48237
Contact for pricing
For Sale
Contact for pricing
Office building rebuilt in 2010 with centralized location.
Property Size3,867 SF
Price / SF$85.34
Days on Market1340
Property Features for 13650 Eight Mile Rd
General Information
- Standard status
- Active
- Size
- 3,867 SF
- Property subtype
- Office
Building Details
- Year Built
- 1957
Listing Agency
NAI Farbman Southfield
(248) 351-4367
Listed by
Brad Margolis · License #MI 6501371948
Source
Crexi
Added: Nov 15, 2022 Checked: Jul 15 at 9:39 pm
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This office building, totaling 3,867 square feet, was completely rebuilt in 2010. It features a centralized location with ample visibility and easy access.
Key Highlights
- 100% Rebuilt in 2010
- Centralized Location
- Ample Visibility
Local 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 | $23.2k | $6.00 |
| − Vacancy | −$5.5k | −$1.41 |
| EGI | $17.7k | $4.59 |
| − OpEx | −$4.4k | −$1.15 |
| NOI | $13.3k | $3.44 |
3,867 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.2K
$166.4K – $221.9K
NOI $13,312 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$834.1K
$729.8K – $973.1K
NOI $58,386 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building rebuilt in 2010 with centralized location.
Where is this office building located?
The property is located at 13650 Eight Mile Rd Oak Park, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 100% Rebuilt in 2010; Centralized Location; Ample Visibility
