Flex Space with Heavy
For Sale
$2,150,000
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$73.13
Days on Market214
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
(248) 226-1876
Listed By:
Ryan D. Brittain
(248) 226-1876
Source:
Cpix.resimplifi
Added: Jan 28
Changed: Aug 30
Last Checked: Aug 30 at 3:21AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,537,600
$3.5M
Cap Rate 7%
$2,526,857
$2.5M
Cap Rate 9%
$1,965,333
$2.0M
Market Conditions
NOI Build-Up for 29,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$216.1K $7.35/SF
− Vacancy
−$8.0K −$0.27/SF
EGI
$208.1K $7.08/SF
− OpEx
−$31.2K −$1.06/SF
NOI
$176.9K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,537,600
Cap Rate 7%
$2,526,857
Cap Rate 9%
$1,965,333
Alternative Uses
Best Use
Flex RnD
$4.34M
$3.80M – $5.07M
NOI $304,078 @ 7.0% cap · market cap 14.14%
Second Best
Warehouse
$2.53M
$2.21M – $2.95M
NOI $176,880 @ 7.0% cap · market cap 8.23%
Theoretical Best
Specialty Retail
$6.34M
$5.55M – $7.40M
NOI $443,893 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
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 $2,150,000.
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
