Property profile

1150 Corporate Office Dr Milford Charter Township, MI 48381

OFF-MARKET
Office Spaces
16,662 SF 10.03 ac lot
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Property summary

AI-generated overview

This exceptional 16,662 square foot Class B medical office condominium building, located at 1150 Corporate Office Drive in Milford Charter Township, Oakland County, Michigan (48381), presents a compelling investment opportunity. The property boasts a strong 92% occupancy rate, generating a substantial net operating income (NOI) of $213,140.21. Priced at $2,100,000 ($126.04 per square foot), this meticulously maintained building sits on a 10.03-acre lot and includes 75 parking spaces. Recent improvements include a new roof and parking lot. The property benefits from a new five-year lease with Huron Valley State Bank, ensuring long-term stability. Its convenient location between I-96 and the Village of Milford provides excellent accessibility. The property is zoned CI - Local Business, and its APN is 16-22-102-065

Property profile

Verified
Property type Office Spaces
Total area 16,662 SF
Lot 10.03 ac (436,907 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Insurance Agency
  • Insurance Agency

Location

1150 Corporate Office Dr Milford Charter Township, MI 48381
Milford Charter Township metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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