Oakland Square

Off-Market

500 John R Road, Troy, MI 48083

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  • Property Type Retail - Community Center
  • Property Size 220,226 SF
  • Lot Size 20 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1986

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 12 Oct, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Troy

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Troy Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $20.14
  • 2022 Office Vacancy Rate 27.57%
  • 2022 Office Completions (SF)

Troy Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $97.30
  • Y-o-Y Avg. PpSF Change 13.32%
  • 2022 Office Sales Volume $141.4M
  • 2022 Number of Transactions 8
View more Troy market trends

Location

Getting Around

  • Walk Score ®

    35/100 Car-Dependent
  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48083
  • Market Detroit

Points of Interest

  • Royal Oak

    4.05 miles

  • Troy

    4.39 miles

  • CDM Transport LLC

    9.43 miles

  • Mobil

    0.29 miles

  • Amoco

    0.35 miles

  • BP

    0.74 miles

  • Marathon

    0.77 miles

  • Mobil

    0.87 miles

  • Mobil

    0.92 miles

  • Speedway

    0.94 miles

  • BP

    0.98 miles

  • Sunoco

    1.12 miles

  • Sam's Club

    1.14 miles

  • Parking Garage

    3.75 miles

  • Parking Garage

    3.78 miles

  • Main North Garage

    3.82 miles

  • Parking Garage

    4.02 miles

  • Parking Garage

    4.08 miles

  • Lafayette Avenue Parking Structure

    4.13 miles

  • Somerset Parking Lot

    4.40 miles

  • North Parking Deck

    4.64 miles

  • Valet

    4.71 miles

  • Woodward Parking Lot

    4.78 miles

  • Sonic

    0.25 miles

  • Burger King

    0.27 miles

  • Chipotle

    0.33 miles

  • Jersey Mike's Subs

    0.33 miles

  • Pizza Hut

    0.34 miles

  • Krispy Kreme

    0.34 miles

  • Taco Bell

    0.40 miles

  • Grand Azteca

    0.42 miles

  • Chili's

    0.42 miles

  • McDonald's

    0.44 miles

  • JCPenney

    0.31 miles

  • Oakland Mall

    0.32 miles

  • Macy's

    0.44 miles

  • Big Lots

    0.56 miles

  • 168 Asian Mart

    0.57 miles

  • Target

    0.74 miles

  • China Town Market

    0.80 miles

  • Tienda Mexicana

    0.85 miles

  • Gordon Food Service

    0.97 miles

  • Polish Cultural Center

    1.12 miles

Frequently Asked Questions

What is the total square footage of Oakland Square?

Oakland Square totals 220,226 square feet.

When was this property built?

Oakland Square was built in 1986.

When was Oakland Square last sold?

Oakland Square was last sold on 12 Oct, 2021.

What is the market value for Oakland Square?

The market value* for Oakland Square in 2023 was $20,025,220.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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