Building Details

Building Size 14,880 SF

Year Built 1976

Buildings 1

Listing Agency: Thomas A. Duke Company

Listed By: Jordan Schafer Show Phone

Source: Thomasduke

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:45AM

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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 Thomas A. Duke Company

Investment Insights

Based on property information with market context.

This freestanding flex industrial property contains 14,880 square feet, including approximately 10,000 square feet of flex and production area alongside 4,880 square feet of finished offices. The building was constructed in 1976 and has 12-foot clear height, a grade-level 10-foot by 11-foot overhead door, and an included lift.

The 1.10-acre site provides more than 50 on-site parking spaces. Regional access includes I-75, I-696, 14 Mile, and 15 Mile.

Key Highlights

• 14,880‑square‑foot building with approximately 10,000 square feet of flex and production area
• 4,880 square feet of finished office space
• 12‑foot clear height and a grade‑level 10‑foot by 11‑foot overhead door with lift

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,523

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,790,460 $1.8M

Cap Rate 7%

$1,278,900 $1.3M

Cap Rate 9%

$994,700 $994.7K

Market Conditions

NOI Build-Up for 14,880 SF

Gross rent

$109.4K $7.35/SF

− Vacancy

−$4.0K −$0.27/SF

EGI

$105.3K $7.08/SF

− OpEx

−$15.8K −$1.06/SF

NOI

$89.5K $6.02/SF

Area

Oakland County, MI

Vacancy

3.70%

Lease Rate

$7.35 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,790,460

Cap Rate 7%

$1,278,900

Cap Rate 9%

$994,700

Alternative Uses

Best Use

Flex RnD

$2.20M

$1.92M – $2.57M (±1% cap)

NOI $153,901 @ 7.0% cap · market cap 9.68%

Second Best

Warehouse

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,523 @ 7.0% cap · market cap 5.63%

Theoretical Best

Specialty Retail

$3.21M

$2.81M – $3.74M (±1% cap)

NOI $224,664 @ 7.0% cap · market cap 14.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

MBM Technology Solutions Tech Support Center

Suggested Use

Top Pick Real Estate Agency Storage Facility Gym & Fitness Center Garden Center Parking Lot & Garage Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

1

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

973

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Production areas, finished offices, and a grade-level overhead door support a range of operating needs.

Where is this flex space located?

The property is located at 375 Robbins Dr Troy, MI.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: 14,880‑square‑foot building with approximately 10,000 square feet of flex and production area; 4,880 square feet of finished office space; 12‑foot clear height and a grade‑level 10‑foot by 11‑foot overhead door with lift