Industrial Property in Troy,
For Sale
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2222 Stephenson Highway, Troy, MI 48083
30,210 SqFt industrial property available for sale.
Property Size30,210 SF
Price / SF$91.86
Days on Market213
Property Features for 2222 Stephenson Highway
General Information
Standard status
Active
Size
30,210 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Building Details
Year Built
1968
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Sean Jamian · License #MI
Source:
Crexi
Added: Mar 7
Changed: Sep 26
Last Checked: Oct 5 at 4:40PM
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This industrial property offers 30,210 square feet of space. The property is located in Troy, Michigan.
Key Highlights
- Industrial property available.
- 30,210 SqFt of space.
- Year Built: 1968.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,680
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,993,600
$3.0M
Cap Rate 7%
$2,138,286
$2.1M
Cap Rate 9%
$1,663,111
$1.7M
Market Conditions
NOI Build-Up for 30,210 SF
Gross rent
$222.0K $7.35/SF
− Vacancy
−$8.2K −$0.27/SF
EGI
$213.8K $7.08/SF
− OpEx
−$64.1K −$2.12/SF
NOI
$149.7K $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%
$2,993,600
Cap Rate 7%
$2,138,286
Cap Rate 9%
$1,663,111
Alternative Uses
Best Use
Industrial
$2.14M
$1.87M – $2.49M
NOI $149,680 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.52M
$5.70M – $7.60M
NOI $456,123 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,119
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 30,210 SqFt industrial property available for sale.
Where is this industrial property located?
The property is located at 2222 Stephenson Highway Troy, MI.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: Industrial property available.; 30,210 SqFt of space.; Year Built: 1968.
