Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space For Lease Title is generated by Realmo AI

    850 Stephenson Hwy, Troy, MI 48083

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available for lease in Troy, Michigan.

    Type:Office
    Added:
    Apr 17, 2019
    Days on Market:
    2608
    Last Refresh:
    May 19 at 8:30 pm

    Property Features for 850 Stephenson Hwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 850 Stephenson Hwy Contact us

    We can help!

    Listing Contact
    Gary Grochowski
    Gary Grochowski

    Listing agent Gary Grochowski License #MI

    Listing office Colliers - Royal Oak/Detroit, Michigan

    Listing date Apr 17, 2019

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Royal Oak/Detroit, Michigan

    HighLights

    • For Lease

    Overview

    This commercial real estate offers office spaces for lease at 850 Stephenson Hwy, Troy, MI 48083.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kapalua Floors Construction Company Dagostino & Associates Financial Advisor SharpQuest, Inc. - Software ... (Bike/Boat/Book/etc) Store 850 Stephenson Office ... Real Estate Agency Rightware Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • OfficeMax Tech Services — 32251 John R Rd, Madison Heights, MI 48071
    • Micro Center Knowledge Bar — 32800 concord dr, madison heights, mi 48071
    • Dell Computer/ Server Repair w/ Onsite Services — 720 John R Rd, Troy, MI 48083
    • wisenitusa — 851 Stephenson Hwy, Troy, MI 48083
    • Smartfix & accessories — 412 W 14 Mile Rd, Troy, MI 48083

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.117956
    Latitude
    42.5429446

    Nearby Similar for Lease

    • $3,500/Mo
      2,400 SF

      Office/Medical Building with Atrium

      Unit 203 offers multiple office rooms, a kitchen, and private and common restroom facilities in a 2-story atrium setting.
      2891 E Maple Road, Troy, MI 48083
      View Details
    • $3,750/Mo
      1,800 SF

      Medical Office Suite with Dedicated Lab

      Newly remodeled medical suite with six rooms, a dedicated lab, and NNN costs included.
      41069 Dequindre Rd, Troy, MI 48085
      View Details
    • Sponsored
      $129-$5,264/Mo
      11-1,292 SF

      Columbia Center

      101 Big Beaver Rd, Unit 14TH, Troy, MI 48084
      View Details
    • $129-$3,368/Mo
      11-1,292 SF

      Liberty Center

      100 Big Beaver Rd, Unit 2500, Troy, MI 48084
      View Details
    • $3,500/Mo
      2,400 SF

      Office/Medical Building on Maple Road

      Office/medical space with sinks, windows, and ample parking.
      2891 E Maple Rd, Troy, MI 48083
      View Details
    • $540/Mo
      260 SF

      Small Office Suite For Lease

      260 sq ft office suite available for lease.
      2820 W MAPLE Rd 210B, Troy, MI 48084
      View Details
    • $575/Mo
      272 SF

      Troy Office Space For Lease

      Meticulously maintained office building in the heart of Troy.
      2820 W MAPLE Rd 130, Troy, MI 48084
      View Details
    • $10,830/Mo
      10,830 SF

      Versatile Industrial Space in Troy

      10,830 SF warehouse and office space for lease/sale.
      388 Robbins Dr, Troy, MI 48083
      View Details
    • $12 SF/Yr
      41,000 SF

      High-Tech Flex Industrial Suites

      State-of-the-art flex space with flexible layouts suited for R&D, office, or light manufacturing in Troy Technology Park.
      1835-1975 Technology Drive, Troy, MI 48083
      View Details
    • $12 SF/Yr
      43,732 SF

      High-Tech Flex Office Space

      Move-in ready flex space with expansive window lines, high clear height, and drive-in access for R&D and office use.
      1960 Ring Drive, Troy, MI 48083
      View Details
    • $15 SF/Yr
      3,544 SF

      Move-in Ready Office Sublease

      3,544 SF office space available for immediate sublease.
      901 Wilshire Drive, Troy, MI, 48084
      View Details
    • $24 SF/Yr
      18,521 SF

      Move-In Ready 14th Floor Office Sublease

      Move-in ready 14th floor office space with furniture included and an established sublease term through 2030.
      755 W Big Beaver Road, 14th Floor, Troy, MI 48084
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Troy, Michigan.
    Where is this office space located?
    The property is located at 850 Stephenson Hwy Troy, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: For Lease
    (810) 623-8013 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary Grochowski
    Gary Grochowski
    Real Estate License ID: MI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    850 Stephenson Hwy, Troy, MI 48083
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!