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    500 Stephenson Hwy Troy, MI 48083

    Sponsored
    For Lease
    $16 SF/Yr

    Spacious medical suites available in Troy, MI.

    Lot size:
    39,699 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B medical office building, located at 500 Stephenson Highway in Troy, Michigan (zip code 48083), offers a total of 39,699 square feet of leasable space. Currently, the entire building is vacant and available for lease, presenting a unique opportunity for a single tenant or multiple tenants. The building is ideally suited for medical practices or other professional businesses, given its "Medical Office, Professional" subtype designation. Flexible space options are available, with a minimum divisible space of 4,323 square feet and a maximum contiguous space of 17,986 square feet. This allows for adaptability to various business needs and expansion plans. The building features ample parking, with a ratio of 4.71 parking spaces per 1,000 square feet of building area. Elevators are available for convenient access to all floors. The property is situated in Oakland County, Michigan, providing easy access to major transportation routes and a thriving business community. This is a prime opportunity to establish or expand your business in a well-located and functional medical office building. The building's size and layout offer significant potential for a variety of medical or professional uses. Contact us today to learn more about leasing opportunities.

    Property Features for 500 Stephenson Hwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,699 SF
    Class
    B
    Total Rate
    53759.06

    Unit(s) available at that property

    Space
    4th Floor
    Size
    17,390 SF
    Rate per SF
    $17
    Space
    2nd Floor
    Size
    17,986 SF
    Rate per SF
    $16
    Space
    Suite 350
    Size
    4,323 SF
    Rate per SF
    $17

    HighLights

    • $11,833.33 - $54,445.42/month rental rate.
    • I‑75 building signage available.
    • Newly renovated common areas, restrooms, and elevator cabs.
    • Recently updated lobby with new furniture and wall art.
    • Abundant parking (4.71 spaces per 1,000 SF).
    • Strong, well‑capitalized new ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Synergy Health Partners ... Business Administration Service Pink Energy Solar Energy Equipment Supplier Modern Dental Center ... Dental Laboratory Pink Energy Troy Solar Energy Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1177333
    Latitude
    42.5381706

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    FAQs

    What type of property is this?
    Medical office - Spacious medical suites available in Troy, MI.
    Where is this medical office located?
    The property is located at 500 Stephenson Hwy Troy, MI.
    What is the lease rate?
    The lease rate is $16-$17 SF/Yr.
    What are key features of this property?
    This property features: $11,833.33 - $54,445.42/month rental rate.; I-75 building signage available.; Newly renovated common areas, restrooms, and elevator cabs.
    Request Owner's contact information
    500 Stephenson Hwy 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

    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.

    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
    500 Stephenson Hwy Troy, MI 48083
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