Manufacturing Warehouse Near I-75
1410 ALLEN Dr, Troy, MI 48083
For Sale
$6,100,000
Spacious 53,000 sq ft manufacturing warehouse in Troy, Michigan.
Property Size52,919 SF
Price / SF$115.09
Days on Market243
Property Features for 1410 ALLEN Dr
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Ali T Charara · License #6501340600
(313) 274-7200
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:13PM
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
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Investment Insights
Based on property information with market context.
Located just off the I-75 Freeway in Troy, Michigan, this manufacturing warehouse space offers potential for businesses seeking a base. The building spans approximately 53,000 square feet. Currently occupied by Witzemann Tech Center USA, whose lease expires in August, the property holds potential for new owners. The building features a robust infrastructure suited for manufacturing and warehousing needs. Ample open floor space allows for customization, and well-maintained pull-in loading docks and ample parking enhance logistical ease. The location provides transportation links throughout the region, ensuring connections to distribution hubs, suppliers, and customers. The surrounding area offers amenities, including restaurants, retail centers, and business services. The location ensures convenience for both employees and clients.
Key Highlights
- Prime location directly off I‑75 freeway, providing excellent transportation access.
- Substantial 53,000 sq ft warehouse space suitable for various industrial operations.
- Robust infrastructure ideal for heavy‑duty manufacturing and warehousing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,866
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,377,320
$6.4M
Cap Rate 7%
$4,555,229
$4.6M
Cap Rate 9%
$3,542,956
$3.5M
Market Conditions
NOI Build-Up for 53,000 SF
Gross rent
$389.6K $7.35/SF
− Vacancy
−$14.4K −$0.27/SF
EGI
$375.1K $7.08/SF
− OpEx
−$56.3K −$1.06/SF
NOI
$318.9K $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%
$6,377,320
Cap Rate 7%
$4,555,229
Cap Rate 9%
$3,542,956
Alternative Uses
Best Use
Warehouse
$4.56M
$3.99M – $5.31M
NOI $318,866 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$3.75M
$3.28M – $4.38M
NOI $262,596 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$11.43M
$10.00M – $13.34M
NOI $800,215 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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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
$293,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Manufacturing properties in Oakland County, MI
Properties on Market for Manufacturing properties in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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 Dr 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, providing excellent transportation access.; Substantial 53,000 sq ft warehouse space suitable for various industrial operations.; Robust infrastructure ideal for heavy‑duty manufacturing and warehousing.
