Lake Orion Warehouse For
For Sale
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1050 – 1060 W Silverbell Road, Lake Orion, MI 48359
29,400 SF warehouse/industrial property in Lake Orion, Michigan.
Property Size29,400 SF
Price / SF$59.52
Days on Market250
Property Features for 1050 – 1060 W Silverbell Road
General Information
Standard status
Active
Size
29,400 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1982
Buildings
1
Tenancy
Single
Listing Agency:
Aeres Real Estate
Listed By:
Erica Dunlap · License #6501380287
(248) 971-0306
Source:
Crexi
Added: Jan 29
Changed: Sep 30
Last Checked: Oct 5 at 3:38PM
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 Aeres Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 29,400 square foot warehouse and industrial property available for sale. The property is located on West Silverbell Road in Lake Orion, Michigan.
Key Highlights
- No property information was provided to extract selling points.
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
Warehouse
$2.53M
$2.21M – $2.95M
NOI $176,880 @ 7.0% cap · market cap 10.11%
Second Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,666 @ 7.0% cap · market cap 8.32%
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 29,400 SF warehouse/industrial property in Lake Orion, Michigan.
Where is this warehouse located?
The property is located at 1050 – 1060 W Silverbell Road 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: No property information was provided to extract selling points.
