Flex Space with Heavy
For Sale
$1,750,000
1050-1060 W Silverbell Rd, Lake Orion, MI 48359
Flexible LI-zoned facility with office, lab, and warehouse areas suited to single-tenant or multi-tenant occupancy.
Property Size29,400 SF
Lot Size3.31 Acres
Price / SF$59.52
Days on Market260
Property Features for 1050-1060 W Silverbell Rd
General Information
Standard status
Active
Size
29,400 SF
Lot size
3.31 Acres
Property subtype
Land
Zoning
LI
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
11,400 SF
Office Build-Out
18,000 SF
Dock-High Doors
1
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
29,400 SF
Listing Agency:
Colliers
Listed By:
Ryan D. Brittain
(248) 226-1876
Source:
Cpix.resimplifi
Added: Jan 28
Changed: Oct 5
Last Checked: Oct 14 at 7:54PM
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 Colliers
Investment Insights
Based on property information with market context.
This 29,400 SF flex facility occupies 3.31 acres and combines approximately 18,000 SF of office area with approximately 11,400 SF of lab and warehouse space. The building offers up to 20' of clear height, heavy power, full fire suppression, and full air conditioning. Loading includes one truck well and two 10' x 10' grade-level doors. Its configuration can accommodate either a single occupant or multiple tenants.
The property is positioned across W Silverbell Road from the GM Orion Assembly Plant. Access to I-75 is available through the Lapeer Road (M-24) and Joslyn Road exits. The adjacent 22.3 acres may also be purchased in conjunction with the facility.
The property is positioned across W Silverbell Road from the GM Orion Assembly Plant. Access to I-75 is available through the Lapeer Road (M-24) and Joslyn Road exits. The adjacent 22.3 acres may also be purchased in conjunction with the facility.
Key Highlights
- 29,400 SF flex facility on 3.31 acres
- Approximately 18,000 SF of office and 11,400 SF of lab/warehouse area
- Up to 20' clear height with heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,666
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,913,320
$2.9M
Cap Rate 7%
$2,080,943
$2.1M
Cap Rate 9%
$1,618,511
$1.6M
Market Conditions
NOI Build-Up for 29,400 SF
Gross rent
$216.1K $7.35/SF
− Vacancy
−$8.0K −$0.27/SF
EGI
$208.1K $7.08/SF
− OpEx
−$62.4K −$2.12/SF
NOI
$145.7K $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%
$2,913,320
Cap Rate 7%
$2,080,943
Cap Rate 9%
$1,618,511
Alternative Uses
Best Use
Flex RnD
$4.34M
$3.80M – $5.07M
NOI $304,078 @ 7.0% cap · market cap 17.38%
Second Best
Warehouse
$2.53M
$2.21M – $2.95M
NOI $176,880 @ 7.0% cap · market cap 10.11%
Theoretical Best
Specialty Retail
$6.34M
$5.55M – $7.40M
NOI $443,893 @ 7.0% cap · market cap 25.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48359, MI
9,939
Population
4,477
Households
2.2
Avg Household Size
36
Median Age
52%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
912
Density / Sq Mi
$94,618
Median Household Income
$50,657
Median Earnings
$1,360
Median Rent
$329,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible LI-zoned facility with office, lab, and warehouse areas suited to single-tenant or multi-tenant occupancy.
Where is this flex space located?
The property is located at 1050-1060 W Silverbell Rd Lake Orion, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 29,400 SF flex facility on 3.31 acres; Approximately 18,000 SF of office and 11,400 SF of lab/warehouse area; Up to 20' clear height with heavy power
