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1755 Sherwin Ct
Waterford, MI 48327
Office Property For Sale
Investment Highlights
- This property offers immediate income from an existing tenant and significant upside for an active owner or investor.
- Offered strictly as-is, where-is due to owner’s retirement—motivated seller open to reasonable offers.
- Value-add opportunity with immediate income and four units ready to lease at market rate.
- Located next to Oakland County International Airport in a high-visibility commercial corridor.
Executive Summary
This property offers immediate income from an existing tenant and significant upside for an active owner or investor. Four units are currently vacant, providing an opportunity to lease at today’s market rates and substantially increase cash flow and property value. Buyer’s agent commission: 3.5%.
The building is located adjacent to the Oakland County International Airport, a high-visibility and high-traffic commercial corridor. Current rents range from $600–$1,000/month, with an estimated $125–$200/month NNN portion.
Estimated Market Value: Based on conservative market cap rates of 7% to 10%, the building’s value ranges between $450,000 and $643,000 when fully leased (see attached). Pro-forma, fully leased estimates are included in the listing.
This is an ideal opportunity for an owner-operator or investor seeking a value-add commercial property with strong income potential and minimal seller involvement. Seller prefers a straightforward cash sale and is open to reasonable offers. Serious inquiries only.
The building is located adjacent to the Oakland County International Airport, a high-visibility and high-traffic commercial corridor. Current rents range from $600–$1,000/month, with an estimated $125–$200/month NNN portion.
Estimated Market Value: Based on conservative market cap rates of 7% to 10%, the building’s value ranges between $450,000 and $643,000 when fully leased (see attached). Pro-forma, fully leased estimates are included in the listing.
This is an ideal opportunity for an owner-operator or investor seeking a value-add commercial property with strong income potential and minimal seller involvement. Seller prefers a straightforward cash sale and is open to reasonable offers. Serious inquiries only.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1978
Price
$410,259 CAD
Price Per SF
$136.75 CAD
Cap Rate
16.76%
NOI
$68,759 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.18
Lot Size
0.39 AC
Zoning
BI - Commercial Office Space. Special use as vet office/clinic may be allowed. See attached for income potential and value estimation.
Parking
17 Spaces (5.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 13-18-376-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $185,970 CAD |
Property Taxes
Parcel Number
13-18-376-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$185,970 CAD
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