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    17177 Laurel Park Dr Livonia, MI 48152

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    For Lease
    Contact for pricing

    Executive Suites, Livonia, MI. Prime Office Space.

    Lot size:
    124,323 SF

    Property Features for 17177 Laurel Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,323 SF
    Total Rate
    175606.24

    Building Details

    Stories
    4

    Spaces For Lease

    at 17177 Laurel Park Dr, Livonia, MI 48152 Contact us
    Unit Suite 139

    $18 /Mo

    Size
    1,379 SF
    Contact us
    Unit Suite 200

    $18 /Mo

    Size
    2,348 SF
    Contact us
    Unit Suite 446

    $18 /Mo

    Size
    306 SF
    Contact us
    Unit Suite 430

    $18 /Mo

    Size
    2,137 SF
    Contact us
    Unit SUITE 233

    $18 /Mo

    Size
    15,581 SF
    Contact us
    Unit Suite 404

    $18 /Mo

    Size
    513 SF
    Contact us
    Unit Suite 333

    $18 /Mo

    Size
    7,357 SF
    Contact us
    Unit Suite 300

    $18 /Mo

    Size
    16,158 SF
    Contact us
    Unit Suite 440

    $18 /Mo

    Size
    797 SF
    Contact us
    Unit Suite 450

    $18 /Mo

    Size
    874 SF
    Contact us
    Unit Suite 256

    $18 /Mo

    Size
    1,267 SF
    Contact us
    Unit Suite 164

    $18 /Mo

    Size
    2,319 SF
    Contact us
    Unit Suite 418+419

    $18 /Mo

    Size
    1,218 SF
    Contact us
    Unit Suite 405

    $18 /Mo

    Size
    1,964 SF
    Contact us
    Unit Suite 334

    $18 /Mo

    Size
    4,567 SF
    Contact us
    Unit Suite 441

    $18 /Mo

    Size
    2,117 SF
    Contact us
    Unit Suite 403

    $18 /Mo

    Size
    1,506 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Robert Gagniuk
    Robert Gagniuk

    Listing Agency: Friedman Real Estate Listing Agent: Robert Gagniuk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Laurel Office Park I, located at 17177 Laurel Park Drive in Livonia, Michigan (zip code 48152), offers exceptional executive office space. This four-story building boasts a total of 124,323 square feet, with 60,599 square feet currently available. The property is ideal for businesses seeking flexible space options, ranging from a minimum of 306 square feet to a maximum contiguous space of 29,000 square feet. Multiple tenancy is available, catering to a variety of business needs and sizes. Ample parking is provided, with a ratio of 4.2 spaces per 1,000 square feet. The building is situated in Wayne County and offers a convenient location in the thriving Livonia community. This prime office space presents a unique opportunity for businesses seeking a prestigious and functional workspace. The property's flexible space options and ample parking make it an attractive choice for companies of all sizes. Contact us today to learn more about the available spaces and to schedule a viewing. This is a fantastic opportunity to establish your business in a well-maintained and strategically located office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stewart Title Commercial ... Title Company IT Quasars Inc. (Bike/Boat/Book/etc) Store CometSolutions (Bike/Boat/Book/etc) Store VizonUS Inc (Bike/Boat/Book/etc) Store TekTree (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4209784
    Latitude
    42.4133266

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      Livonia Retail Location Available

      Prime retail location in high-density area with excellent demographics.
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      Prime Retail Location in Livonia

      Retail space in high-density area with excellent demographics.
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      Livonia Retail Space For Lease

      Retail space in high-density area with excellent demographics.
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      Remodeled Commercial Space in Livonia

      Completely remodeled commercial space with high visibility and ample parking.
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      Remodeled Retail/Office Space Available

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    • $2,000 /Mo
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      Livonia Retail Space Available

      Retail space for lease in Livonia with great visibility.
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    • $3,000 /Mo
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      Remodeled Retail Space in Livonia

      Completely remodeled retail space with high visibility and ample parking.
      34800 Plymouth Rd, Livonia, MI 48150
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, Livonia, MI. Prime Office Space.
    Where is this office property / space located?
    The property is located at 17177 Laurel Park Dr Livonia, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime corporate headquarters location near I-275/6 Mile interchange.; Four-story, 125,000-square-foot building.; Move-in ready suites from 1,000 square feet.
    (248) 848-4094 Call to check price and availability
    Request Owner's contact information
    17177 Laurel Park Dr Livonia, MI 48152
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    Livonia, MI 48152
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17177 Laurel Park Dr Livonia, MI 48152
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Gagniuk
    Robert Gagniuk
    Real Estate License ID: 6501371492
    (248) 848-4094
    Learn more
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