1755 Sherwin Ct 3,000 SF 20% Leased Office Building Waterford, MI 48327 $300,000 ($100/SF) 16.76% Cap Rate

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.