Climate-Controlled Flex
For Sale
$6,000,000
1200 Harmon Rd, Auburn Hills, MI 48326
Light-industrial property with overhead lifting equipment, loading access, and injection molding infrastructure already in place.
Property Size46,793 SF
Lot Size6.00 Acres
Price / SF$128.22
Days on Market294
Property Features for 1200 Harmon Rd
General Information
Standard status
Active
Size
46,793 SF
Lot size
6.00 Acres
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Clear Height
35 ft
Dock-High Doors
1
Drive-In Doors
1
Power
7,000 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
46,793 SF
Listing Agency:
Colliers
(248) 226-1876
Listed By:
Ryan D. Brittain
(248) 226-1876
Source:
Cpix.resimplifi
Added: Nov 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:19AM
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 Colliers
Investment Insights
Based on property information with market context.
This 46,793-square-foot flex facility occupies a 6-acre site and is fully climate controlled with 100% HVAC. The building includes a 40-ton overhead crane, a 12’ x 18’ grade-level door, and a sheltered 10’ x 10’ exterior dock. Clear ceiling height reaches 35’, while injection molding infrastructure is already in place.
The property is zoned I-1 for light industrial use and carries estimated power service of 7,000A / 480V / 3-Phase, subject to purchaser verification. Located at 1200 Harmon Rd in Auburn Hills, the facility offers I-75 exposure, visibility, and signage. The six-acre site may also allow for expansion.
The property is zoned I-1 for light industrial use and carries estimated power service of 7,000A / 480V / 3-Phase, subject to purchaser verification. Located at 1200 Harmon Rd in Auburn Hills, the facility offers I-75 exposure, visibility, and signage. The six-acre site may also allow for expansion.
Key Highlights
- 46,793 SF of flex and industrial space on a 6‑acre site
- Clear ceiling height reaches up to 35’
- One 40‑ton overhead crane included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$483,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,679,420
$9.7M
Cap Rate 7%
$6,913,871
$6.9M
Cap Rate 9%
$5,377,456
$5.4M
Market Conditions
NOI Build-Up for 46,793 SF
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.
Gross rent
$842.3K $18.00/SF
− Vacancy
−$97.7K −$2.09/SF
EGI
$744.6K $15.91/SF
− OpEx
−$260.6K −$5.57/SF
NOI
$484.0K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,679,420
Cap Rate 7%
$6,913,871
Cap Rate 9%
$5,377,456
Alternative Uses
Best Use
Flex RnD
$6.91M
$6.05M – $8.07M
NOI $483,971 @ 7.0% cap · market cap 8.07%
Second Best
Warehouse
$4.02M
$3.52M – $4.69M
NOI $281,523 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$10.09M
$8.83M – $11.77M
NOI $706,499 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial property with overhead lifting equipment, loading access, and injection molding infrastructure already in place.
Where is this flex space located?
The property is located at 1200 Harmon Rd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 46,793 SF of flex and industrial space on a 6‑acre site; Clear ceiling height reaches up to 35’; One 40‑ton overhead crane included
