Multi-Building Flex
For Sale
$23,950,000
2716 2700 and 2852 Daley Dr, Troy, MI 48083
Three industrial buildings offer high-bay, research, engineering, office, and expandable space within an IB zoning district.
Property Size126,562 SF
Price / SF$189.24
Days on Market324
Property Features for 2716 2700 and 2852 Daley Dr
General Information
Standard status
Active
Size
126,562 SF
Property subtype
Industrial, Office
Zoning
IB
Additional Details
Highway Access
Yes
Building Details
Building Size
126,562 SF
Buildings
3
Listing Agency:
Colliers
Listed By:
Thomas Lasky
(248) 540-1000
Source:
Cpix.resimplifi
Added: Oct 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:12PM
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
Investment Insights
Based on property information with market context.
This multi-building flex property includes three facilities along Daley Dr. Building One contains 59,020 SF, two overhead doors, and expandable high-bay space on the first floor. Building Two combines industrial space with a 30-foot ceiling height and separate research, development, engineering, and office areas featuring 18-foot ceilings. Both Building One and Building Two have two overhead doors.
Building Three contributes 10,800 SF and includes a side parking lot, with the ability to add an overhead door on the west side of the property. All three buildings are zoned IB, identified as the Integrated Industrial Business District. The property is in immediate proximity to I-75 and includes the addresses 2716, 2700, and 2852 Daley Dr in Troy, Michigan.
Building Three contributes 10,800 SF and includes a side parking lot, with the ability to add an overhead door on the west side of the property. All three buildings are zoned IB, identified as the Integrated Industrial Business District. The property is in immediate proximity to I-75 and includes the addresses 2716, 2700, and 2852 Daley Dr in Troy, Michigan.
Key Highlights
- 59,020 SF Building One with two overhead doors and expandable first‑floor high‑bay space
- Building Two includes 30’ industrial ceilings and 18’ ceilings in R&D, engineering, and office areas
- 10,800 SF Building Three with a side parking lot
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
$1,309,005
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
5.47%
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%
$26,180,100
$26.2M
Cap Rate 7%
$18,700,071
$18.7M
Cap Rate 9%
$14,544,500
$14.5M
Market Conditions
NOI Build-Up for 126,562 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
$2.28M $18.00/SF
− Vacancy
−$264.3K −$2.09/SF
EGI
$2.01M $15.91/SF
− OpEx
−$704.8K −$5.57/SF
NOI
$1.31M $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$26,180,100
Cap Rate 7%
$18,700,071
Cap Rate 9%
$14,544,500
Alternative Uses
Best Use
Flex RnD
$18.70M
$16.36M – $21.82M
NOI $1,309,005 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$10.88M
$9.52M – $12.69M
NOI $761,440 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$27.30M
$23.89M – $31.85M
NOI $1,910,884 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Balanced
Demand for This Use
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Three industrial buildings offer high-bay, research, engineering, office, and expandable space within an IB zoning district.
Where is this flex space located?
The property is located at 2716 2700 and 2852 Daley Dr Troy, MI.
What is the asking price?
The asking price for this property is $23,950,000.
What are key features of this property?
This property features: 59,020 SF Building One with two overhead doors and expandable first‑floor high‑bay space; Building Two includes 30’ industrial ceilings and 18’ ceilings in R&D, engineering, and office areas; 10,800 SF Building Three with a side parking lot
