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    1441 Long Lake Rd Troy, MI 48098

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    For Lease
    Contact for pricing

    Class A Office Suites, 1,123-15,963 SF

    Lot size:
    136,539 SF

    Property Features for 1441 Long Lake Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    136,539 SF
    Class
    A
    Total Rate
    244632.38

    Building Details

    Year Built/Renovated
    2000/2019
    Stories
    3

    Spaces For Lease

    at 1441 Long Lake Rd, Troy, MI 48098 Contact us
    Unit 100

    $21 /Mo

    Size
    15,963 SF
    Contact us
    Unit 130

    $21 /Mo

    Size
    8,599 SF
    Contact us
    Unit 325

    $21 /Mo

    Size
    2,883 SF
    Contact us

    We can help!

    Listing Contact
    Charles Howard
    Charles Howard

    Listing Agency: Transwestern Detroit Listing Agent: Charles Howard

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

    Learn more

    Overview

    This exceptional Class A office building, located at 1441 W Long Lake Rd in Troy, Michigan (Oakland County, zip code 48098), offers multiple traditional office suites for lease. Built in 2000 and renovated in 2019, the three-story building boasts a total of 136,539 square feet, with seven individual suites available. Suite sizes range from a minimum of 1,123 square feet to a maximum contiguous space of 15,963 square feet, providing flexibility for businesses of various sizes. The building features impressive 12-foot ceilings and convenient amenities including elevators, a full-service cafe, a conference room accommodating 14 people, a fitness center complete with lockers and showers, and secure underground parking. Adding to its appeal, a putting green and a golf simulator (operational Summer 2023) are available for tenant use. The building's prime location near Crooks Road in Troy, Michigan offers excellent accessibility and visibility. The motivated owner is eager to lease the remaining available suites. This is a unique opportunity to secure high-quality office space in a desirable location with exceptional amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Miller Capital Financial Advisor Chapman Consulting Group Business Management Consultant Java N Byte ... Take-out & Catering Robert Half Recruiters ... Employment Agency CCG Healthcare l ... Business Management Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.176976678904
    Latitude
    42.590749249005

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    FAQs

    What type of property is this?
    Office property - Class A Office Suites, 1,123-15,963 SF
    Where is this office property located?
    The property is located at 1441 Long Lake Rd Troy, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Class A office building, 136,539 SF, located at 1441 W Long Lake Rd, Troy, MI 48098.; Built in 2000, renovated in 2019, three-story building.; Seven suites available, ranging from 1,123 SF to 15,963 SF.
    (248) 440-1447 Call to check price and availability
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    1441 Long Lake Rd Troy, MI 48098
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    Troy, MI 48098
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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
    1441 Long Lake Rd Troy, MI 48098
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    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Howard
    Charles Howard
    Real Estate License ID: 6506044836
    (248) 440-1447 (248) 350-2222
    Learn more
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