Manufacturing Facility with Heavy
For Sale
$5,500,000
1020 Doris Rd, Auburn Hills, MI 48326
Fenced industrial facility with truckwells, grade-level doors, and production-oriented improvements.
Property Size57,185 SF
Lot Size5.00 Acres
Price / SF$96.18
Days on Market130
Property Features for 1020 Doris Rd
General Information
Standard status
Active
Size
57,185 SF
Lot size
5.00 Acres
Property subtype
Industrial
Zoning
I-1
Additional Details
Fenced Yard
Yes
Heavy Power
Yes
Building Details
Building Size
57,185 SF
Listing Agency:
Newmark Knight Frank Detroit
Listed By:
Christopher Dowell
(248) 447-2717
Source:
Cpix.resimplifi
Added: Jun 9
Changed: Oct 10
Last Checked: Oct 14 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Knight Frank Detroit
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Investment Insights
Based on property information with market context.
This 57,185-square-foot manufacturing facility occupies almost five acres and is configured for industrial operations. The improvements include truckwells, grade-level doors, heavy power, paint booths, airlines, and compressors. A fenced site provides defined boundaries for the property, which is zoned I-1.
Located at 1020 Doris Rd in Auburn Hills, Michigan, the facility is available for immediate occupancy. Its combination of substantial building area, industrial utility capacity, loading features, and production-related equipment supports a range of manufacturing applications consistent with the existing improvements and zoning.
Located at 1020 Doris Rd in Auburn Hills, Michigan, the facility is available for immediate occupancy. Its combination of substantial building area, industrial utility capacity, loading features, and production-related equipment supports a range of manufacturing applications consistent with the existing improvements and zoning.
Key Highlights
- 57,185‑square‑foot manufacturing facility
- Almost five acres of land
- I‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,331
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,666,620
$5.7M
Cap Rate 7%
$4,047,586
$4.0M
Cap Rate 9%
$3,148,122
$3.1M
Market Conditions
NOI Build-Up for 57,185 SF
Gross rent
$420.3K $7.35/SF
− Vacancy
−$15.6K −$0.27/SF
EGI
$404.8K $7.08/SF
− OpEx
−$121.4K −$2.12/SF
NOI
$283.3K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,666,620
Cap Rate 7%
$4,047,586
Cap Rate 9%
$3,148,122
Alternative Uses
Best Use
Industrial
$4.05M
$3.54M – $4.72M
NOI $283,331 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.33M
$10.79M – $14.39M
NOI $863,402 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Fenced industrial facility with truckwells, grade-level doors, and production-oriented improvements.
Where is this manufacturing property located?
The property is located at 1020 Doris Rd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 57,185‑square‑foot manufacturing facility; Almost five acres of land; I‑1 zoning
