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Property profile & analytics
OFF-MARKET Estimated value $12,605,000
Commercial real estate

5607 New King Dr Troy, MI 48098-2661

93,300 SF 7.39 ac lot Built 1983
Entity Owned 13-yr Hold Free & Clear
Property ID
US43-0663641
Property summary
AI-generated overview

North Troy Corporate Park offers exceptional executive office space for lease in Troy, Michigan. This Class B building, located at 5607 New King Dr, 48098, boasts a total of 20,904 square feet, with a significant 28,441 square feet currently vacant. The property is ideally suited for businesses seeking flexible space options, with units ranging from a minimum of 1,248 square feet to a maximum contiguous space of 12,703 square feet. Seven individual suites are currently available, providing ample opportunity for businesses of various sizes to establish a presence in this thriving Michigan location. The building's multiple tenancy structure ensures a diverse and vibrant community of professionals. The property's convenient location in Troy offers easy access to major transportation routes, enhancing connectivity and accessibility for employees and clients alike. This is a fantastic opportunity to secure high-quality office space in a well-established business park. Interested parties are encouraged to inquire about available suites and lease terms. The property's latitude and longitude coordinates are 42.6011471, -83.1732172 respectively.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1983
Total area 93,300 SF
Lot 7.39 ac (321,908 SF)
Zoning code R-C
APN 88-20-08-476-007
UPID US43-0663641
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dunham's Sports Headquarters (Bike/Boat/Book/etc) Store
  • Regents Financial Loan Service Bank
  • The Body Principle Integrative Health Organization Wellness Program
  • Loan Craft Loan Service
  • Little Griddle Innovations Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.61M
Blend (final) Blend
$12.61M
Owner & transaction history
5607 New King LLC · 13 yrs held
5607 New King LLC
since 2013
6 recorded transactions
2013
Price N/A
2012
Price N/A
2008
Price N/A
2004
Price N/A
2000
Price N/A
1999
Price N/A
Zoning & alternative use
R-C · Troy, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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