Air-Conditioned Flex
2523 Product Ct., Rochester Hills, MI 48309
For Sale
$2,750,000
The property combines a substantial office component with industrial features and building-wide air conditioning.
Property Size25,935 SF
Price / SF$106.03
Days on Market48
Property Features for 2523 Product Ct.
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Power
Voltage
Conditioned Warehouse
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates of Michigan
Listed By:
Jon Savoy, CCIM, SIOR
(810) 278-6100
Source:
Lee-associates
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 12 at 5:33AM
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 Lee & Associates of Michigan
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Investment Insights
Based on property information with market context.
Built in 1985, this 25,935 SF flex property includes 7,678 SF of office space and 13-foot clear height. The building is fully air conditioned and has one 10' x 12' grade-level door, a truckwell, and 480-volt, 1,200-amp power.
The property offers freeway visibility from M-59.
The property offers freeway visibility from M-59.
Key Highlights
- 25,935 SF total, including 7,678 SF of office space
- 13‑foot clear height
- One 10' x 12' grade‑level door and one truckwell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,498
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,569,960
$2.6M
Cap Rate 7%
$1,835,686
$1.8M
Cap Rate 9%
$1,427,756
$1.4M
Market Conditions
NOI Build-Up for 25,935 SF
Gross rent
$190.6K $7.35/SF
− Vacancy
−$7.1K −$0.27/SF
EGI
$183.6K $7.08/SF
− OpEx
−$55.1K −$2.12/SF
NOI
$128.5K $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%
$2,569,960
Cap Rate 7%
$1,835,686
Cap Rate 9%
$1,427,756
Alternative Uses
Best Use
Flex RnD
$3.83M
$3.35M – $4.47M
NOI $268,241 @ 7.0% cap · market cap 9.75%
Second Best
Industrial
$1.84M
$1.61M – $2.14M
NOI $128,498 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$5.59M
$4.89M – $6.53M
NOI $391,577 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48309, MI
31,541
Population
11,635
Households
2.7
Avg Household Size
41
Median Age
63%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,022
Density / Sq Mi
$117,788
Median Household Income
$60,689
Median Earnings
$1,625
Median Rent
$394,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines a substantial office component with industrial features and building-wide air conditioning.
Where is this flex space located?
The property is located at 2523 Product Ct. Rochester Hills, MI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 25,935 SF total, including 7,678 SF of office space; 13‑foot clear height; One 10' x 12' grade‑level door and one truckwell
