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Financial
Distress signals
Property profile

700 Tower Dr Troy, MI 48098

FOR LEASE
Commercial real estate
Property ID
US43-0536929
245,371 SF 15.93 ac lot Built 1986
Last sale Oct 1998 · $3,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

North Troy Corporate Park - 700 offers exceptional executive office space in Troy, Michigan. This seven-story building, constructed in 1987, boasts a total of 242,000 square feet, with 40,027 square feet currently vacant and available for lease. The property is zoned R-C and situated at 700 Tower Drive, Troy, MI 48098. Multiple tenancy options are available, catering to businesses of various sizes. Units range from a minimum of 1,934 square feet to a maximum contiguous space of 21,953…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$146k
Tax billed · 2022
Assessed value$9.64M
Effective rate1.51%

Value estimate

· Oct 2026
$31.29M
$28.16M – $34.42M
Submarket $/SF estimate$31.29M
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$31k
Operating expenses−$25k
NOI · 368,648.78% cap applied$76k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$183/SF
Submarket average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$128 – $245

Cap rate analysis

How does the asset earn?
368,648.78%
$76k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-C
The RC, Research Center District is intended to provide areas for industrial research and office uses in planned developments
General categoryPLANNED_DEVELOPMENT
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop20.5
Building Supply20.0
Auto Repair Shop19.0

Location

700 Tower Dr Troy, MI 48098
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6054 Livernois, Troy, MI 48098-1502 $1,425,000 Dec 2025 No data
6024 Livernois, Troy, MI 48098-1502 $755,000 May 2023 3,677 SF
1981 Ss W, Troy, MI 48098-1733 $1,985,000 Oct 2022 10,981 SF
5660 New King, Troy, MI 48098-2650 $3,680,000 Oct 2021 10,837 SF
1111 Long Lk, Troy, MI 48098-6308 $5,000,000 Oct 2020 62,467 SF
55 Long Lk, Troy, MI 48098-4633 $1,834,862 Sep 2020 4,209 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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