3221 Big Beaver RdTroy, MI 48084

Property Details for 3221 Big Beaver Rd

Year built

1977

Lot size

7.89 AC

Property size (Sq ft)

157,902 SF

Zone code

O-M

Property type

Commercial real estate

APN

88-20-30-202-005

APU

882030202005

Description

This exceptional office property, Troy Place, located at 3221 W Big Beaver Rd, Troy, MI 48084, offers a variety of executive office spaces within a full-service complex. The building, a Class B property totaling 146,916 square feet, was constructed in 1977 and sits on a 7.89-acre lot in Oakland County's desirable Troy submarket. Currently, there is 59,792 square feet of vacant space available, divisible into units as small as 1,120 square feet, with a maximum contiguous space of 22,742 square feet. The property boasts a convenient location with easy access to I-75 and Woodward Avenue, making commuting a breeze. Tenants benefit from a comprehensive array of amenities, including on-site property management and security, ensuring a safe and efficient work environment. Additional conveniences include on-site cafeterias, 24-hour sundry stores, a hair salon, a dedicated conference facility, and an executive parking garage. For dining options, the highly-regarded Ocean Prime Restaurant is located within the complex. This is an excellent opportunity for businesses seeking flexible and well-appointed office space in a thriving location. The property is multi-tenant, offering a diverse and vibrant work community.

• CAP approach

  CAP return

  Valuation

  6%

  $34,464,400

  6.5%

  $31,813,300

  7%

  $29,540,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,770,200

  Geo Method

  $14,770,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $60,688,900

  Retail / Commercial

  $31,501,600

  Mixed-Use / Specialty

  $31,689,200

  Hospitality / Lodging

  $23,639,800

  Office

  $31,813,300

  Institutional / Educational

  $33,051,200

  Residential Income

  $38,669,900

  Multifamily

  $44,715,900

  Automotive / Energy

  $28,329,600

  Parking / Income-Based Land

  $9,479,880

  Restaurant / Food Service

  $17,121,900

  Healthcare / Senior Housing

  $32,189,100

Location Insight

City

Troy

County

Oakland

State

Michigan

Latitude

42.5595

Longitude

-83.1921

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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