Office Flex R&D
1150 Stephenson Hwy Troy, MI 48083
1150 Stephenson Hwy, Troy, MI, 48083
$2,450,000
For Sale
$2,450,000
Office/flex R&D building with high-end finishes, multiple exterior entrances, and I-75 expressway frontage.
Property Size18,131 SF
Price / SF$135.13
Days on Market50
Property Features for 1150 Stephenson Hwy
General Information
- Standard status
- Active
- Size
- 18,131 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing agency
Thomas A. Duke Company
(248) 884-2304
Listed by
Andrew Goble
(248) 884-2304
Source
Thomasduke
Added: Jun 2 Updated: Jul 21 at 1:44AM Checked: Jul 21 at 6:12AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This office/flex R&D building totals 18,131 SF and features high-end interior finishes. Multiple exterior entrances are available, including two double doors that support drive-in capability, along with ample parking for visitors and staff.
The property is prominently located within a professional office park on Stephenson Hwy, with expressway exposure along I-75. Public remarks note over 131,000 vehicles per day on I-75, and the site offers a prominent signage opportunity for a business user.
With its mix of office and flex/R&D functionality, the building is positioned to serve a range of day-to-day operational needs for a single business user.
The property is prominently located within a professional office park on Stephenson Hwy, with expressway exposure along I-75. Public remarks note over 131,000 vehicles per day on I-75, and the site offers a prominent signage opportunity for a business user.
With its mix of office and flex/R&D functionality, the building is positioned to serve a range of day-to-day operational needs for a single business user.
Key Highlights
- 18,131 SF office/flex R&D building built in 1982 with high‑end interior finishes and buildouts
- Excellent I‑75 expressway frontage with over 131,000 vehicles/day and prominent signage opportunity
- Multiple exterior entrances, including two double doors, offering drive‑in capability
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.4k | $18.00 |
| − Vacancy | −$37.9k | −$2.09 |
| EGI | $288.5k | $15.91 |
| − OpEx | −$101.0k | −$5.57 |
| NOI | $187.5k | $10.34 |
18,131 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.68M
$2.34M – $3.13M
NOI $187,525 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$1.28M
$1.12M – $1.50M
NOI $89,832 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,749 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hwaseung (HS) Automotive ...
Business Service Center
Similar For Sale Nearby
Similar Off Market Nearby
- Metrix Café — 1414 E Maple Rd, Troy, MI 48083
- Forte Belanger — 700 Stephenson Hwy, Troy, MI 48083
FAQs
What type of property is this?
Flex space - Office/flex R&D building with high-end finishes, multiple exterior entrances, and I-75 expressway frontage.
Where is this flex space located?
The property is located at 1150 Stephenson Hwy Troy, MI.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 18,131 SF office/flex R&D building built in 1982 with high‑end interior finishes and buildouts; Excellent I‑75 expressway frontage with over 131,000 vehicles/day and prominent signage opportunity; Multiple exterior entrances, including two double doors, offering drive‑in capability
