Duplex Industrial
For Sale
$1,150,000
1090 Wheaton Dr, Troy, MI 48083
The property carries M-1 zoning and provides convenient connectivity to I-75.
Property Size9,053 SF
Price / SF$127.03
Days on Market480
Property Features for 1090 Wheaton Dr
General Information
Standard status
Active
Size
9,053 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
M-1
Additional Details
Highway Access
Yes
Building Details
Building Size
9,053 SF
Year Built
1966
Year Renovated
2009
Buildings
1
Stories
2
Listing Agency:
Signature Associates - Southfield
Listed By:
Kris R. Pawlowski · License #6501292698
(248) 359-3801
Source:
Cpix.resimplifi
Added: Jun 27, 2025
Changed: Oct 11
Last Checked: Oct 19 at 3:19AM
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 Signature Associates - Southfield
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Investment Insights
Based on property information with market context.
Located in Troy, Michigan, this 9,053-square-foot industrial property is configured as a duplex building. Constructed in 1966, the asset offers two distinct sides within one commercial structure and is available for sale or lease.
M-1 zoning supports its industrial classification, while nearby I-75 provides regional highway connectivity. The east side is occupied by a month-to-month tenant, creating an existing occupancy component within the two-part configuration.
M-1 zoning supports its industrial classification, while nearby I-75 provides regional highway connectivity. The east side is occupied by a month-to-month tenant, creating an existing occupancy component within the two-part configuration.
Key Highlights
- 9,053‑square‑foot industrial building in Troy, Michigan
- Duplex configuration with two distinct sides
- M‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,854
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,080
$897.1K
Cap Rate 7%
$640,771
$640.8K
Cap Rate 9%
$498,378
$498.4K
Market Conditions
NOI Build-Up for 9,053 SF
Gross rent
$66.5K $7.35/SF
− Vacancy
−$2.5K −$0.27/SF
EGI
$64.1K $7.08/SF
− OpEx
−$19.2K −$2.12/SF
NOI
$44.9K $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%
$897,080
Cap Rate 7%
$640,771
Cap Rate 9%
$498,378
Alternative Uses
Best Use
Industrial
$640.8K
$560.7K – $747.6K
NOI $44,854 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,686 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
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?
Industrial property - The property carries M-1 zoning and provides convenient connectivity to I-75.
Where is this industrial property located?
The property is located at 1090 Wheaton Dr Troy, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 9,053‑square‑foot industrial building in Troy, Michigan; Duplex configuration with two distinct sides; M‑1 zoning
