Climate-Controlled Warehouse with
For Sale
$960,000
1215-1231 Wheaton Drive, Troy, MI 48083
Well-maintained warehouse features 100% climate control and 20-plus surface parking spaces near I-75.
Property Size6,400 SF
Price / SF$150
Days on Market98
Property Features for 1215-1231 Wheaton Drive
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
IB
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
6,400 SF
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Nick Gitary · License #6501406289
(248) 535-8454
Source:
Cpix.resimplifi
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 12 at 4:56PM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This well-maintained warehouse includes 100% climate-controlled space and offers more than 20 surface parking spaces. The property is presented as income producing.
The facility is described as seconds from the I-75 expressway, supporting convenient access for business operations.
For sale as a 6,400 square foot warehouse, the building is currently positioned for investors or operators seeking climate-controlled warehousing with on-site surface parking.
The facility is described as seconds from the I-75 expressway, supporting convenient access for business operations.
For sale as a 6,400 square foot warehouse, the building is currently positioned for investors or operators seeking climate-controlled warehousing with on-site surface parking.
Key Highlights
- 6,400 SF warehouse for sale with 100% climate‑controlled space
- 20+ surface parking spaces on‑site
- Seconds from the I‑75 expressway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,505
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,100
$770.1K
Cap Rate 7%
$550,071
$550.1K
Cap Rate 9%
$427,833
$427.8K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$47.0K $7.35/SF
− Vacancy
−$1.7K −$0.27/SF
EGI
$45.3K $7.08/SF
− OpEx
−$6.8K −$1.06/SF
NOI
$38.5K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,100
Cap Rate 7%
$550,071
Cap Rate 9%
$427,833
Alternative Uses
Best Use
Warehouse
$550.1K
$481.3K – $641.8K
NOI $38,505 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,630 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ClassicAuto Showplace — 2135 Stephenson Hwy, Troy, MI 48083
- iStorage — 1320 E Big Beaver Rd, Troy, MI 48083
- Troy Commerce Center — 1130 E Big Beaver Rd, Troy, MI 48083
- Public Storage — 1404 E Big Beaver Rd, Troy, MI 48083
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained warehouse features 100% climate control and 20-plus surface parking spaces near I-75.
Where is this warehouse located?
The property is located at 1215-1231 Wheaton Drive Troy, MI.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 6,400 SF warehouse for sale with 100% climate‑controlled space; 20+ surface parking spaces on‑site; Seconds from the I‑75 expressway
