Manufacturing Warehouse Near I-75
For Sale
$6,100,000
1410 ALLEN Dr, Troy, MI 48083
Spacious 53,000 sq ft manufacturing warehouse in Troy, Michigan.
Property Size52,919 SF
Price / SF$115.09
Days on Market153
Property Features for 1410 ALLEN Dr
General Information
Standard status
Active
Size
52,919 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$38,752
Building Details
Building Size
52,919 SF
Year Built
1982
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 274-7200
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 Dearborn Heights
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 = 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
$318,866
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
5.23%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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.
