Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1410 Allen Dr Troy, MI 48083

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,100,000

    Prime Troy location, I-75 access, 53,000 sq ft.

    Property size:
    52,919 SF

    Property Features for 1410 Allen Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    52,919 SF

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Ali T. Charara
    Ali T. Charara

    Listing Agency: CENTURY 21 Curran & Oberski Listing Agent: Ali T. Charara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 52,919 square foot industrial warehouse is situated in a prime Troy, Michigan location, directly off I-75 freeway. Currently occupied by Witzemann Tech Center USA, the lease expires in August, presenting a unique opportunity for new ownership. The well-maintained building boasts a robust infrastructure ideal for heavy-duty manufacturing and warehousing. Ample open floor space allows for customization and efficient workflow, complemented by well-maintained pull-in loading docks and extensive parking. Its strategic location provides seamless access to major distribution hubs, suppliers, and customers, streamlining supply chain management. The surrounding area offers numerous amenities, including restaurants, retail centers, and business services, supporting a thriving workforce. This property offers significant potential for investors and industrial enterprises seeking a prominent base in a vibrant community with excellent transportation links. The building's size, location, and the upcoming lease expiration combine to create an exceptional investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Witzenmann USA Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.12386
    Latitude
    42.54618

    Nearby Similar for Sale

    • $495,000
      1,937 SF

      Renovated Office Building in Troy

      Meticulously renovated office building with prime location and luxury finishes.
      305 E Maple Rd, Troy, MI 48083
      View Details
    • $328,000
      1,457 SF

      Upgraded Condo in Prime Location

      Recently upgraded 2-bedroom condo with modern amenities in Troy, MI.
      1128 Alameda Blvd, Troy, MI 48085
      View Details
    • $328,000
      1,457 SF

      Upgraded Condo in Prime Location

      Recently upgraded 2-bedroom condo with modern amenities and convenient location.
      1128 Alameda Blvd, Troy, MI 48085
      View Details
    • Contact for pricing
      425,192 SF

      Troy Technology Park Portfolio

      High-quality flex/office portfolio in Troy's technology hub.
      1835 Ring Dr, Troy, MI 48083
      View Details
    • Contact for pricing
      391 SF

      Dynamic Power Centers in Troy

      Power centers with upgrades and restaurant opportunity in Troy, MI.
      500-740 John R Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      77-Acre Mixed-Use Development

      Mixed-use development with retail and residential in Troy, Michigan.
      1325-1345 Coolidge Hwy, Troy, MI 48084
      View Details
    • Contact for pricing
      1,787 SF

      Updated Ranch Condo with Basement

      Updated 2-bedroom ranch condo with finished basement, ready to move in.
      2877 Roundtree Dr, Troy, MI 48083
      View Details
    • New
      $2,400,000
      4,600 SF

      Landscaping Business and Real Estate

      Established landscaping business with real estate for sale in Troy.
      123 Crooks Rd, Troy, MI 48098
      View Details
    • Contact for pricing
      186,954 SF

      Class A Office Building For Sale

      Full-service office building with on-site amenities and convenient location.
      901 Wilshire Dr, Troy, MI 48084
      View Details
    • Contact for pricing
      34 SF

      High-Visibility Shopping Center For Sale

      High-traffic shopping center with updated storefronts and strong demographics.
      3614-3640 Rochester Rd, Troy, MI 48083
      View Details
    • Contact for pricing
      30,760 SF

      Class A Office Building

      Highly upgraded office suites with parking in central Troy location.
      2150 Butterfield Rd, Troy, MI 48084
      View Details
    • Contact for pricing
      19,280 SF

      Colonial Style Building on Rochester

      Newer construction building with private entrances and prominent signage.
      6535-6585 Rochester Rd, Troy, MI 48085
      View Details

    FAQs

    What type of property is this?
    Industrial property - Prime Troy location, I-75 access, 53,000 sq ft.
    Where is this industrial property located?
    The property is located at 1410 Allen Dr Troy, MI.
    What is the asking price?
    The asking price for this property is $6,100,000.
    (313) 274-7200
    Request Owner's contact information
    1410 Allen Dr Troy, MI 48083
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1410 Allen Dr
    Troy, MI 48083
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1410 Allen Dr Troy, MI 48083
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ali T. Charara
    Ali T. Charara
    Real Estate License ID: 6501340600
    (313) 274-7200 (313) 289-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.