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    5555 New King Dr Troy, MI 48098

    For Lease
    $17 SF/Yr

    Class A Office Suites, 2,183 - 29,135 SF

    Lot size:
    114,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office property, located at 5555 New King Drive in Troy, Michigan, offers a diverse range of executive and professional office spaces. The North Troy Corporate Park - 5555 building boasts a total of 114,000 square feet spread across four stories, built in 1985. Units are available in sizes ranging from a minimum of 2,183 square feet to a maximum contiguous space of 29,135 square feet, catering to businesses of various sizes. The property is zoned R-C and features ample parking, with a ratio of 4.66 spaces per 1,000 square feet. The building's address is 5555 New King Drive, Troy, MI 48098, within Oakland County. Its location provides convenient access to major transportation routes and amenities. The property is ideal for businesses seeking a prestigious and functional workspace in a thriving Michigan community. The building's multiple tenancy structure allows for flexibility and adaptability to suit different business needs. The property's parcel number (APN) is 20-08-476-009. This is a rare opportunity to secure high-quality office space in a desirable location.

    Property Features for 5555 New King Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,000 SF
    Class
    A
    Total Rate
    170525

    Building Details

    Year Built
    1985
    Stories
    4

    Unit(s) available at that property

    Space
    Whole Building Available
    Size
    114,000 SF
    Rate per SF
    $17

    HighLights

    • Ideal corporate headquarters near I‑75/Crooks Road interchange.
    • Four‑story, ±114,000 SF building.
    • Fiber optics and cable infrastructure in place.
    • Renovated building, lobby, and restrooms.
    • 4.66 parking spaces per 1,000 square feet.
    • On‑site management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gallagher-Kaiser Corporation Corporate Office Siemens Industry Automation Engineer Universal Piping Industries, ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -83.1727718
    Latitude
    42.599784

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, 2,183 - 29,135 SF
    Where is this office property / space located?
    The property is located at 5555 New King Dr Troy, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Ideal corporate headquarters near I-75/Crooks Road interchange.; Four-story, ±114,000 SF building.; Fiber optics and cable infrastructure in place.
    Request Owner's contact information
    5555 New King Dr Troy, MI 48098
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    Troy, MI 48098
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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
    5555 New King Dr Troy, MI 48098
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