Rochester Hills Flex/Industrial
For Sale
Contact for pricing
2845 Crooks Rd, Rochester Hills, MI 48309
Flex/Industrial property with prominent frontage and highway access.
Property Size32,646 SF
Price / SF$96.49
Days on Market204
Property Features for 2845 Crooks Rd
General Information
Standard status
Active
Size
32,646 SF
Total Parking Spaces
120
Property subtype
Industrial
Zoning
LI
Building Details
Year Built
1984
Listing Agency:
Signature Associates Southfield
Listed By:
John Boyd · License #MI 6502132725
(248) 948-0102
Source:
Crexi
Added: Mar 17
Changed: Oct 2
Last Checked: Oct 5 at 7:13PM
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 commercial property is located in Rochester Hills, Michigan. It features prominent main street frontage and offers convenient access to I-75, situated just off M-59. The property encompasses a total area of 32646 square feet. The entire space is air-conditioned, making it suitable for various uses.
Key Highlights
- Prominent main street frontage
- Easy access to I‑75
- Just off M‑59
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,749
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,234,980
$3.2M
Cap Rate 7%
$2,310,700
$2.3M
Cap Rate 9%
$1,797,211
$1.8M
Market Conditions
NOI Build-Up for 32,646 SF
Gross rent
$239.9K $7.35/SF
− Vacancy
−$8.9K −$0.27/SF
EGI
$231.1K $7.08/SF
− OpEx
−$69.3K −$2.12/SF
NOI
$161.7K $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%
$3,234,980
Cap Rate 7%
$2,310,700
Cap Rate 9%
$1,797,211
Alternative Uses
Best Use
Flex RnD
$4.82M
$4.22M – $5.63M
NOI $337,651 @ 7.0% cap · market cap 10.72%
Second Best
Industrial
$2.31M
$2.02M – $2.70M
NOI $161,749 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$7.04M
$6.16M – $8.22M
NOI $492,902 @ 7.0% cap · market cap 15.65%
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
733
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/Industrial property with prominent frontage and highway access.
Where is this flex space located?
The property is located at 2845 Crooks Rd Rochester Hills, MI.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Prominent main street frontage; Easy access to I‑75; Just off M‑59
