Flex Office
2250 Meijer Dr Troy, MI 48084
2250 Meijer Dr, Troy, MI, 48084
$8,000,000
For Sale
$8,000,000
Updated offices feature polished concrete floors and a shop with a newer roof, plus a full building backup generator.
Property Size62,290 SF
Price / SF$128.43
Days on Market139
Property Features for 2250 Meijer Dr
General Information
- Standard status
- Active
- Size
- 62,290 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agency
Signature Associates - Southfield
(248) 948-0103
Listed by
Paul S. Hoge · License #6502127881
(248) 948-0103
Source
Cpix.resimplifi
Added: Mar 5 Updated: Jul 21 at 11:34PM Checked: Jul 22 at 2:17AM
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 - Southfield
Investment Insights
Based on property information with market context.
This flex-style property combines office improvements with warehouse/shop space. Offices have been recently updated with polished concrete floors, and a 2003 addition is plumbed for bathrooms and offices. The shop includes a newer roof, and the building is equipped with a full building backup generator.
Set on a wooded site with an open courtyard in the center of the office area, the layout supports both office and operations. Interior truckwells are listed as possible, providing flexibility for loading access.
Additional building features include office-ready plumbing and the central courtyard configuration, which can help support separate office and work areas within the same facility.
Set on a wooded site with an open courtyard in the center of the office area, the layout supports both office and operations. Interior truckwells are listed as possible, providing flexibility for loading access.
Additional building features include office-ready plumbing and the central courtyard configuration, which can help support separate office and work areas within the same facility.
Key Highlights
- Offices recently updated with polished concrete floors
- 2003 addition includes space plumbed for bathrooms and offices
- Open courtyard in the center office area
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.12M | $18.00 |
| − Vacancy | −$130.1k | −$2.09 |
| EGI | $991.2k | $15.91 |
| − OpEx | −$346.9k | −$5.57 |
| NOI | $644.3k | $10.34 |
62,290 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$9.20M
$8.05M – $10.74M
NOI $644,253 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$5.35M
$4.68M – $6.25M
NOI $374,758 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$13.44M
$11.76M – $15.67M
NOI $940,479 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MetrolineDirect
Electronics & Wireless Store
Similar For Sale Nearby
Similar Off Market Nearby
- National Coney Island — 1331 W Maple Rd, Clawson, MI 48017
FAQs
What type of property is this?
Flex space - Updated offices feature polished concrete floors and a shop with a newer roof, plus a full building backup generator.
Where is this flex space located?
The property is located at 2250 Meijer Dr Troy, MI.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Offices recently updated with polished concrete floors; 2003 addition includes space plumbed for bathrooms and offices; Open courtyard in the center office area
