Multi-Tenant Building on Main
1121-1135 Rochester Road Troy, MI 48084
For Sale
$4,300,000
Multi-tenant building for sale, close to I-75 and I-696.
Property Size42,900 SF
Price / SF$100.23
Days on Market303
Property Features for 1121-1135 Rochester Road
General Information
- Standard status
- Active
- Size
- 42,900 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency:
Signature Associates - Southfield
(586) 350-9599
Listed By:
Kris Pawlowski · License #6502127881
(586) 350-9599
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:17AM
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
Investment Insights
Based on property information with market context.
This 42,900 sq. ft. multi-tenant building is located on a main road with proximity to I-75 and I-696. The property features a truckwell. The owner plans to paint the warehouse, add LED lighting, and reconstruct the offices. The entire building is for sale, with 6,745 - 31,400 sq. ft. available for lease.
Key Highlights
- Entire 42,900 sq. ft. building for sale.
- Close proximity to I‑75/I‑696.
- Multi‑tenant building.
Financial Insights For Warehouse
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 | $315.3k | $7.35 |
| − Vacancy | −$11.7k | −$0.27 |
| EGI | $303.6k | $7.08 |
| − OpEx | −$45.5k | −$1.06 |
| NOI | $258.1k | $6.02 |
42,900 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$6.34M
$5.55M – $7.40M
NOI $443,706 @ 7.0% cap · market cap 10.32%
Second Best
Warehouse
$3.69M
$3.23M – $4.30M
NOI $258,101 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$9.25M
$8.10M – $10.80M
NOI $647,721 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- ClassicAuto Showplace — 2135 Stephenson Hwy, Troy, MI 48083
- Elmwood Garage Classic Car Storage — 671 E Elmwood Ave, Troy, MI 48083
- SmartStop Self Storage — 262 E Maple Rd, Troy, MI 48083
- Snell Self Storage — 1227 Rochester Rd, Troy, MI 48083
- Public Storage — 322 E Maple Rd, Troy, MI 48083
FAQs
What type of property is this?
Warehouse - Multi-tenant building for sale, close to I-75 and I-696.
Where is this warehouse located?
The property is located at 1121-1135 Rochester Road Troy, MI.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Entire 42,900 sq. ft. building for sale.; Close proximity to I‑75/I‑696.; Multi‑tenant building.
