Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1410 ALLEN Troy, MI 48083

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,100,000

    Spacious 53,000 sq ft manufacturing warehouse in Troy, Michigan.

    Type:Industrial
    Property size:
    52,919 SF
    Added:
    Jan 11, 2024
    Days on Market:
    817
    Last Refresh:
    Apr 1 at 8:47 pm

    Property Features for 1410 ALLEN

    General Information

    Standard status
    Active
    Size
    52,919 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Ali Charara

    Listing agent Ali Charara

    Listing office Century 21 Curran & Oberski

    Listing date Jan 11, 2024

    Source Xome

    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 Century 21 Curran & Oberski

    Overview

    Manufacturing Warehouse Near I-75 Freeway

    Located just off the I-75 freeway in Troy, Michigan, this manufacturing warehouse offers potential for businesses seeking a base. The well-maintained building spans approximately 53,000 square feet and is suited for industrial operations. Currently occupied by Witzemann Tech Center USA, the spacious warehouse has a productive environment. The current tenant's lease expires in August. The building features a robust infrastructure suited for heavy-duty manufacturing and warehousing needs. Ample open floor space allows for customization and efficient workflow. Well-maintained pull-in loading docks and ample parking enhance logistical ease. The location provides transportation links throughout the region, ensuring connections to major distribution hubs, suppliers, and customers. The surrounding area offers amenities, including nearby restaurants, retail centers, and business services. The location and size of this manufacturing warehouse space at 1410 Allen Dr. presents an opportunity for investors, entrepreneurs, and industrial enterprises.
    Location Intelligence

    Current Use by Public Records

    Witzenmann USA Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1237459
    Latitude
    42.5461747

    Nearby Similar for Sale

    • $2,400,000
      4,600 SF

      Landscaping Business and Real Estate

      Established landscaping business with real estate for sale in Troy.
      123 Crooks, Troy, MI 48098
      View Details
    • $18
      4,550 SF

      Professional Office Building For Sale

      Professional office building for sale with conversion potential.
      1869 E Maple Rd, Troy, MI 48083
      View Details
    • $19
      2,663 SF

      Class A Office Building

      Class A office building with covered parking and signage.
      1111 W Long Lake Rd, Troy, MI 48098
      View Details
    • $21
      9,200 SF

      Upgraded Office Spaces Near I-75

      Move-in ready office spaces with main road signage and convenient parking.
      650 E Big Beaver Rd, Troy, MI 48083
      View Details
    • $16
      33,051 SF

      Single Story Office Building Available

      Single-story office building with private entry suites, conveniently located near I-75.
      2265 Livernois Rd, Troy, MI 48083
      View Details
    • $15
      10,836 SF

      Office Property on Rochester Road

      Office suites with direct entry, landscaping, and convenient parking.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details
    • $13
      36,000 SF

      Move-In Ready Office Suites

      Office suites in move-in condition with shared amenities.
      575 E Big Beaver Road, Troy, MI 48083
      View Details
    • $2,095,000
      11,100 SF

      Highly Visible Troy Office Building

      Office building with high visibility and convenient regional access.
      6915 Rochester Rd, Troy, MI 48085
      View Details
    • $550
      36,500 SF

      Prime Troy Office Building

      Office suites for lease in a well-located, classic building.
      1621-1663 W. Big Beaver Road, Troy, MI 48084
      View Details
    • $18
      73,000 SF

      Renovated Office Building For Sale

      Office building with renovations underway, suitable for office or medical use.
      5600 New King Drive, Troy, MI 48098
      View Details
    • $15
      24,178 SF

      Renovated Office Building Near I-75

      Two-story office building with recent renovations and basement storage.
      2950 W. Square Lake Road, Troy, MI 48098
      View Details
    • $16
      15,264 SF

      Troy Office Building on Big Beaver

      Two-story office building with signage available in a prime location.
      1740 W. Big Beaver, Troy, MI 48084
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Spacious 53,000 sq ft manufacturing warehouse in Troy, Michigan.
    Where is this manufacturing property located?
    The property is located at 1410 ALLEN Troy, MI.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: Prime location directly off I‑75 freeway for easy transportation and access to major hubs.; Approximately 53,000 sq ft of manufacturing/warehouse space.; Existing tenant's lease expires soon (August), offering immediate opportunity for new ownership.
    (313) 274-7200
    We can help!
    Listing Contact
    Ali Charara
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!