Versatile Building Near
For Sale
$1,800,000
1270 Doris Road, Auburn Hills, MI 48326
General purpose building in Auburn Hills, suitable for various uses.
Property Size33,500 SF
Days on Market169
Property Features for 1270 Doris Road
General Information
Standard status
Active
Size
33,500 SF
Property subtype
Industrial
Building Details
Building Size
33,500 SF
Year Built
1970
Listing Agency:
Signature Associates - Southfield
(248) 515-2152
Listed By:
Joe Banyai · License #6506044232
(248) 515-2152
Source:
Tcnworldwide
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 21 at 4:48AM
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 Associates - Southfield
Investment Insights
Based on property information with market context.
Located near I-75 and University in Auburn Hills, this general-purpose building offers versatility for various uses, including engineering and medical purposes. The property features substantial parking to accommodate different operational needs.
Key Highlights
- Convenient location off I‑75 and University.
- Suitable for a variety of uses such as engineering or medical.
- Heavy parking capacity.
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
$115,324
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
6.41%
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%
$2,306,480
$2.3M
Cap Rate 7%
$1,647,486
$1.6M
Cap Rate 9%
$1,281,378
$1.3M
Market Conditions
NOI Build-Up for 33,500 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
$201.0K $6.00/SF
− Vacancy
−$47.2K −$1.41/SF
EGI
$153.8K $4.59/SF
− OpEx
−$38.4K −$1.15/SF
NOI
$115.3K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,306,480
Cap Rate 7%
$1,647,486
Cap Rate 9%
$1,281,378
Alternative Uses
Best Use
Healthcare Medical
$6.48M
$5.67M – $7.56M
NOI $453,335 @ 7.0% cap · market cap 25.19%
Second Best
Office B
$1.65M
$1.44M – $1.92M
NOI $115,324 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$7.23M
$6.32M – $8.43M
NOI $505,796 @ 7.0% cap · market cap 28.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Office space - General purpose building in Auburn Hills, suitable for various uses.
Where is this office space located?
The property is located at 1270 Doris Road Auburn Hills, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Convenient location off I‑75 and University.; Suitable for a variety of uses such as engineering or medical.; Heavy parking capacity.
