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    667 Elmwood Ave Troy, MI 48083

    For Lease
    $12 SF/Yr

    Modern Office/R&D Space Available

    Lot size:
    20,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,800 square foot office space, located at 667 Elmwood Avenue in Troy, Michigan, presents a unique opportunity for businesses seeking flexible and upgraded workspace. Situated within a well-maintained Class B building constructed in 1990, this property offers a blend of modern amenities and classic appeal. The space is part of a larger 20,380 square foot building situated on a 1.04-acre lot, and features an open plan layout ideal for various business needs. The space includes three separate rooms/offices, a sink, and cabinetry, catering to diverse operational requirements. Located in the Royal Oak Vicinity submarket of Oakland County, this property benefits from convenient access to major transportation routes and amenities. The building itself boasts an attractive two-story lobby with a skylight, creating a bright and welcoming atmosphere. The space is elevator-served for easy access. On-site parking is available for employees and clients. The zoning is Integrated Business, allowing for a variety of commercial uses. The property features a total of one building with two stories. Lease terms are negotiable, making this an adaptable solution for various business sizes and needs. The APN is 2034201077. This is a multi-tenant building. The property is categorized as Office, Industrial, with subtypes of Executive Office, Flex, and R&D, making it suitable for a wide range of businesses.

    Property Features for 667 Elmwood Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,380 SF
    Class
    B
    Total Rate
    21993.42

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    3,800 SF
    Rate per SF
    $12

    HighLights

    • 3,800 SF of available office space.
    • Second‑floor, upgraded open‑plan office suite.
    • Attractive building with a skylit lobby.
    • Elevator access.
    • Fully sprinklered.
    • IB zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1365036
    Latitude
    42.5425011

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    FAQs

    What type of property is this?
    Life science property - Modern Office/R&D Space Available
    Where is this life science property located?
    The property is located at 667 Elmwood Ave Troy, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 3,800 SF of available office space.; Second-floor, upgraded open-plan office suite.; Attractive building with a skylit lobby.
    Request Owner's contact information
    667 Elmwood Ave Troy, MI 48083
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    Troy, MI 48083
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    Realmo Value Estimation

    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

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    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.

    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
    667 Elmwood Ave Troy, MI 48083
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