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30755 Montpelier Rd 26,595 SF Office Building Madison Heights, MI 48071 $4,946,845 CAD ($186.01 CAD/SF) 9.42% Cap Rate
Investment Highlights
- 9.42% potential year-one CAP rate
- Strong lease guarantor (GSA lease backed by US government)
- Newer Construction 1990
- Located in Madison Heights, a well-established suburb in southern Oakland County.
Executive Summary
The Subject property consists of a 26,595 square foot building currently leased to the State of Michigan, Department of Health and Human Services. The subject property was constructed circa 1990 (per property records) and offers the opportunity for an investor to acquire an asset with superior cash flow, at a compelling intrinsic value of only $137 per square foot.
Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area.
Michigan Broker of Record: Paul Kerber
License#: 6502433613
Madison Heights is a well-established inner-ring suburb of Metro Detroit, positioned in southern Oakland County, one of Michigan’s most affluent and economically diverse counties. The city benefits from exceptional regional accessibility, located at the convergence of two of Southeast Michigan’s most critical transportation corridors, Interstate 75 and Interstate 696, providing direct connectivity to Downtown Detroit, Troy, Royal Oak, and the broader Detroit metropolitan area.
Michigan Broker of Record: Paul Kerber
License#: 6502433613
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
26,595 SF
Building Class
B
Year Built
1990
Price
$4,946,845 CAD
Price Per SF
$186.01 CAD
Cap Rate
9.42%
NOI
$465,993 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
26,595 SF
Building FAR
0.18
Lot Size
3.44 AC
Parking
200 Spaces (2.45 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The Michigan Department of Health and Human Services (MDHHS) strives to promote better health outcomes, reduce health risks, and support stable and safe families while encouraging self-sufficiency.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Property Taxes
| Parcel Number | 25-11-201-037 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,058,679 CAD |
Property Taxes
Parcel Number
25-11-201-037
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,058,679 CAD
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30755 Montpelier Rd
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