Freestanding Industrial
1216 COMBERMERE Drive Unit SourceFi Troy, MI 48083
1216 COMBERMERE Drive Unit SourceFi, Troy, MI, 48083
$999,000
For Sale
$999,000
Recently renovated freestanding industrial building with warehouse garage-bay access and a two-story office.
Property Size7,480 SF
Price / SF$133.56
Days on Market506
Property Features for 1216 COMBERMERE Drive Unit SourceFi
General Information
- Standard status
- Active
- Size
- 7,480 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Signature Sotheby's International Realty Bham
(586) 689-2211
Listed by
Raphael Roufail · License #6501438711
(586) 689-2211
Source
Xome
Added: Mar 2, 2025 Updated: Jul 18 at 3:18AM Checked: Jul 21 at 3:01AM
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 Sotheby's International Realty Bham
Investment Insights
Based on property information with market context.
A freestanding industrial building totaling 7,480 SF, recently renovated in 2018. The layout includes 2,500 SF of warehouse space with garage bay access, along with a two-story office totaling 2,500 SF per floor. The property also includes a fenced private lot behind the building, providing room for expansion, parking, or storage.
The building is described as conveniently located near Rochester Road, Stephenson Highway, and I-75, in Troy, MI.
This configuration supports owner-user needs with dedicated office space above the warehouse, while the fenced lot behind the facility adds flexibility for onsite use.
The building is described as conveniently located near Rochester Road, Stephenson Highway, and I-75, in Troy, MI.
This configuration supports owner-user needs with dedicated office space above the warehouse, while the fenced lot behind the facility adds flexibility for onsite use.
Key Highlights
- 7,480 SF freestanding industrial building for sale in Troy
- Recently renovated in 2018
- Includes 2,500 SF warehouse with garage‑bay access
Local 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
Location Intelligence
Current Use by Public Records
Technicolor
Marketing & Advertising
F&P Painting Total ...
Painting
Robert Green Building ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- TJporadas Catering — 971 W 14 Mile Rd, Clawson, MI 48017
FAQs
What type of property is this?
Flex space - Recently renovated freestanding industrial building with warehouse garage-bay access and a two-story office.
Where is this flex space located?
The property is located at 1216 COMBERMERE Drive Unit SourceFi 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 for sale in Troy; Recently renovated in 2018; Includes 2,500 SF warehouse with garage‑bay access
