Freestanding Industrial Building For
1216 COMBERMERE Dr Troy, MI 48083
For Sale
$999,000
7,480 SF industrial building with warehouse and office space.
Property Size7,480 SF
Price / SF$133.56
Days on Market94
Property Features for 1216 COMBERMERE Dr
General Information
- Standard status
- Active
- Size
- 7,480 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing Agency:
Brookstone
(248) 644-7000
Listed By:
Raphael Roufail · License #6501438711
(248) 644-7000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:35AM
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 Brookstone
Investment Insights
Based on property information with market context.
This 7,480 SF freestanding industrial building presents an excellent owner/user opportunity. The property, recently renovated in 2018, includes 2,500 SF of warehouse space with garage bay access and a two-story office space, with each floor measuring 2,500 SF. A fenced private lot behind the building offers room for expansion, parking, or storage. The property is conveniently located near Rochester Road, Stephenson Highway, and I-75, in a prime Troy location. The location has a walk score of 53, indicating it is somewhat walkable, and a bike score of 44, indicating it is somewhat bikeable.
Key Highlights
- 7,480 SF freestanding industrial building in a prime Troy location.
- Recently renovated in 2018.
- Includes 2,500 SF of warehouse space with garage bay access.
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 | $134.6k | $18.00 |
| − Vacancy | −$15.6k | −$2.09 |
| EGI | $119.0k | $15.91 |
| − OpEx | −$41.7k | −$5.57 |
| NOI | $77.4k | $10.34 |
7,480 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.11M
$967.1K – $1.29M
NOI $77,364 @ 7.0% cap · market cap 7.74%
Second Best
Warehouse
$642.9K
$562.5K – $750.0K
NOI $45,002 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,936 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Technicolor
Marketing & Advertising
F&P Painting Total ...
Painting
Robert Green Building ...
Construction Company
Similar Off Market Nearby
- TJporadas Catering — 971 W 14 Mile Rd, Clawson, MI 48017
FAQs
What type of property is this?
Flex space - 7,480 SF industrial building with warehouse and office space.
Where is this flex space located?
The property is located at 1216 COMBERMERE Dr Troy, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 7,480 SF freestanding industrial building in a prime Troy location.; Recently renovated in 2018.; Includes 2,500 SF of warehouse space with garage bay access.
