Industrial Building in I-75
For Sale
Contact for pricing
1866 Woodslee Drive, Troy, MI 48083
Corporate image building with clear span shop and mezzanine.
Property Size10,010 SF
Price / SF$129.87
Days on Market226
Property Features for 1866 Woodslee Drive
General Information
Standard status
Active
Size
10,010 SF
Total Parking Spaces
30
Property subtype
Industrial
Zoning
IB
Building Details
Year Built
1997
Listing Agency:
Signature Associates
Listed By:
Kris Pawlowski · License #MI 6501292698
(248) 359-3801
Source:
Crexi
Added: Feb 21
Changed: Oct 4
Last Checked: Oct 5 at 3:49PM
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
Investment Insights
Based on property information with market context.
This industrial property, located in the I-75 corridor, features a corporate image building with a clear span shop. The property includes a concrete parking lot and additional mezzanine space for storage. The building has a total size of 10010 square feet.
Key Highlights
- Rare small corporate image building
- Heart of the I‑75 corridor location
- Clear span shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,596
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,920
$991.9K
Cap Rate 7%
$708,514
$708.5K
Cap Rate 9%
$551,067
$551.1K
Market Conditions
NOI Build-Up for 10,010 SF
Gross rent
$73.6K $7.35/SF
− Vacancy
−$2.7K −$0.27/SF
EGI
$70.9K $7.08/SF
− OpEx
−$21.3K −$2.12/SF
NOI
$49.6K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,920
Cap Rate 7%
$708,514
Cap Rate 9%
$551,067
Alternative Uses
Best Use
Industrial
$708.5K
$620.0K – $826.6K
NOI $49,596 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $151,135 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
883
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Corporate image building with clear span shop and mezzanine.
Where is this industrial property located?
The property is located at 1866 Woodslee Drive Troy, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Rare small corporate image building; Heart of the I‑75 corridor location; Clear span shop
