Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1350 John R Rd Troy, MI 48083
    Back to Search
    Property profile & analytics

    1350 John R Rd, Troy, MI 48083

    View on Map
    • Office Spaces
    • 75,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maple Office Park / Business Park

    Property Details for 1350 John R Rd

    Year built
    1987
    Property type
    Office Spaces

    Description

    This exceptional 75,400 square foot executive office building, situated on a spacious 19.97-acre lot in Troy, Michigan, presents a unique leasing opportunity. Built in 1987, this two-story building offers a single, fully vacant space, ideal for a large corporate tenant or a company seeking to consolidate operations. The entire 75,400 square feet is available for lease, providing maximum flexibility and customization options. However, the property is also divisible, with a minimum leasable space of 37,400 square feet. The property's address is 1350 John R Rd, Troy, MI 48083, conveniently located near Crooks Road. The building is zoned R-1 and O-1, reflecting its suitability for office use. The property's parcel number (APN) is 20-36--100-066, and it's located in Oakland County. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prestigious address in a thriving commercial area. The expansive lot size provides ample parking and potential for future expansion. This is a rare opportunity to secure a substantial, high-quality office space in a desirable location. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1065
    Latitude
    42.5474

    Comparable in this City

    • Value Estimation by Request
      150,845 SF

      340 Big Beaver Rd

      Office Spaces
      340 Big Beaver Rd, Troy, MI 48083
      View Details
    • Value Estimation by Request
      42,000 SF

      1225 Big Beaver Rd

      Office Spaces
      1225 Big Beaver Rd, Troy, MI 48083
      View Details
    • Value Estimation by Request
      342,000 SF

      1835-1975 Ring Dr

      Life science properties
      1835-1975 Ring Dr, Troy, MI 48083
      View Details
    • Value Estimation by Request
      20,380 SF

      667 Elmwood Ave

      Life science properties
      667 Elmwood Ave, Troy, MI 48083
      View Details
    • Value Estimation by Request
      37,400 SF

      1350 John R Rd

      Office Spaces
      1350 John R Rd, Troy, MI 48083
      View Details
    • Value Estimation by Request
      112,283 SF

      1850 Ring Dr

      Distribution properties
      1850 Ring Dr, Troy, MI 48083
      View Details

    Similar Nearby for Sale

    • $2,500,000
      20,400 SF

      Troy Executive Office Building

      Prime Troy location, 20,400 SF office.
      530 Stephenson Hwy, Troy, MI 48083
      View Details
    • Contact for pricing
      10,800 SF

      Former Bahama Breeze Retail Opportunity

      10,800 SF mixed-use property in Troy, Michigan.
      539 E Big Beaver Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Upgraded Office Spaces Near I-75

      Move-in ready office spaces with main road signage and convenient parking.
      650 E Big Beaver Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Move-In Ready Office Suites

      Office suites in move-in condition with shared amenities.
      575 E Big Beaver Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Single Story Office Building Available

      Single-story office building with private entry suites, conveniently located near I-75.
      2265 Livernois Rd, Troy, MI 48083
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,400 SF

      Troy Executive Office Building

      20,400 SF Office, Single Tenant, 1.35 Acres
      530 Stephenson Hwy, Troy, MI 48083
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Troy, Michigan.
      3845 Rochester Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease at 500 Stephenson Hwy.
      500 Stephenson Hwy, Troy, MI 48083
      View Details
    • Contact for pricing

      Troy Office Space For Lease

      Office space available for lease in Troy, Michigan.
      1639 E Big Beaver Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 750 Stephenson Hwy, Troy, MI.
      750 Stephenson Hwy, Troy, MI 48083
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Troy, Michigan.
      850 Stephenson Hwy, Troy, MI 48083
      View Details
    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.
    1350 John R Rd
    Troy, MI 48083
    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
    1350 John R Rd, 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!