Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    930-946 Livernois Rd Troy, MI 48083

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.41 acre parcel at Troy's gateway with generous zoning.

    Property size:
    22,613 SF
    Lot size:
    22.00 Acres

    Property Features for 930-946 Livernois Rd

    General Information

    Size
    22,613 SF
    Lot size
    22.00 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Gavin Mills
    Source: Naiglobal

    Listing Agent: Gavin Mills

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Development Opportunity in Troy

    This 3.41-acre parcel is located at Troy’s gateway, bordering the walkable retail corridor in the City of Clawson, and is a prime development opportunity situated at a signalized intersection with generous zoning. The site has a 290’ frontage on Livernois Ave./ N. Main St. and Elmwood Ave between 14 Mile Rd and Maple Rd. The property is located within a highly desirable walkable commercial corridor, offering close proximity to many national retailers, local businesses, restaurants, and local amenities. Immediate access is available to I-75 and Stephenson Highway. The current IB (Integrated Industrial and Business District) zoning allows for a wide array of uses including Mixed-Use, Retail, Residential, Office, Industrial, and Automotive/Transportation. The site is master planned as 21st Century Industrial and Innovative Mixed-Use. Utilities including water, sewer, electricity, and gas are available. The location is a priority redevelopment site with strong area demographics, income, and consumption statistics. Potential incentives include Brownfield Redevelopment Authority, PA 198, and Sustainable Development Project Program.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1461848
    Latitude
    42.5409384

    Nearby Similar for Sale

    • $495,000
      1,937 SF

      Renovated Office Building in Troy

      Meticulously renovated office building with prime location and luxury finishes.
      305 E Maple Rd, Troy, MI 48083
      View Details
    • $328,000
      1,457 SF

      Upgraded Condo in Prime Location

      Recently upgraded 2-bedroom condo with modern amenities in Troy, MI.
      1128 Alameda Blvd, Troy, MI 48085
      View Details
    • $328,000
      1,457 SF

      Upgraded Condo in Prime Location

      Recently upgraded 2-bedroom condo with modern amenities and convenient location.
      1128 Alameda Blvd, Troy, MI 48085
      View Details
    • Contact for pricing
      425,192 SF

      Troy Technology Park Portfolio

      High-quality flex/office portfolio in Troy's technology hub.
      1835 Ring Dr, Troy, MI 48083
      View Details
    • Contact for pricing
      391 SF

      Dynamic Power Centers in Troy

      Power centers with upgrades and restaurant opportunity in Troy, MI.
      500-740 John R Rd, Troy, MI 48083
      View Details
    • Contact for pricing

      77-Acre Mixed-Use Development

      Mixed-use development with retail and residential in Troy, Michigan.
      1325-1345 Coolidge Hwy, Troy, MI 48084
      View Details
    • $235,000
      1,787 SF

      Updated Ranch Condo with Basement

      Updated 2-bedroom ranch condo with finished basement, ready to move in.
      2877 Roundtree Dr, Troy, MI 48083
      View Details
    • $69,000

      Established Salon and Jewelry Store

      Fully equipped salon and jewelry store with established client database.
      6451 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      186,954 SF

      Class A Office Building For Sale

      Full-service office building with on-site amenities and convenient location.
      901 Wilshire Dr, Troy, MI 48084
      View Details
    • Contact for pricing
      34 SF

      High-Visibility Shopping Center For Sale

      High-traffic shopping center with updated storefronts and strong demographics.
      3614-3640 Rochester Rd, Troy, MI 48083
      View Details
    • Contact for pricing
      30,760 SF

      Class A Office Building

      Highly upgraded office suites with parking in central Troy location.
      2150 Butterfield Rd, Troy, MI 48084
      View Details
    • Contact for pricing
      19,280 SF

      Colonial Style Building on Rochester

      Newer construction building with private entrances and prominent signage.
      6535-6585 Rochester Rd, Troy, MI 48085
      View Details

    FAQs

    What type of property is this?
    Land - 3.41 acre parcel at Troy's gateway with generous zoning.
    Where is this land located?
    The property is located at 930-946 Livernois Rd Troy, MI.
    What are key features of this property?
    This property features: - Prime 3.41-acre development opportunity at a signalized intersection, bordering Clawson's walkable retail corridor.; - Generous IB zoning allows for a wide array of uses including Mixed-Use, Retail, Residential, Office, Industrial, and Automotive/Transportation.; - Located along a 290’ frontage on Livernois Ave./ N. Main St. and Elmwood Ave, offering high visibility and accessibility.
    (908) 581-1142
    Request Owner's contact information
    930-946 Livernois Rd Troy, MI 48083
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    930-946 Livernois Rd
    Troy, MI 48083
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    930-946 Livernois Rd Troy, MI 48083
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gavin Mills
    (908) 581-1142
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.