Flex Space with Heavy
For Sale
$1,150,000
379 Indusco Ct, Troy, MI 48083
Industrial-flex property combines warehouse capacity, office space, air conditioning, and a secured storage yard.
Property Size10,917 SF
Lot Size0.82 Acres
Price / SF$105.34
Days on Market208
Property Features for 379 Indusco Ct
General Information
Standard status
Active
Size
10,917 SF
Lot size
0.82 Acres
Property subtype
Industrial
Zoning
IB
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
15 ft
Warehouse Space
8,917 SF
Office Build-Out
2,000 SF
Drive-In Doors
3
Heavy Power
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
10,917 SF
Listing Agency:
Colliers
(248) 226-1842
Listed By:
Peter J. Kepic
(248) 226-1842
Source:
Cpix.resimplifi
Added: Feb 2
Changed: Aug 29
Last Checked: Aug 29 at 3:25PM
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 flex property contains 10,917 total SF within a 0.82-acre site, including 8,917 SF of warehouse area and 2,000 SF of office space. The warehouse offers 15' clear ceiling height, heavy power, LED lighting, and full air conditioning. Three grade-level doors are in place, with knockouts for four additional doors.
The lot is fully fenced and gated for storage. The property is zoned Integrated Industrial Business District (IB), supporting its industrial-flex configuration and separating warehouse, office, and exterior storage functions across the site.
The lot is fully fenced and gated for storage. The property is zoned Integrated Industrial Business District (IB), supporting its industrial-flex configuration and separating warehouse, office, and exterior storage functions across the site.
Key Highlights
- 10,917 Total SF on 0.82 Acre Site
- 8,917 SF Warehouse Space / 2,000 SF Office Space
- 15' Clear Ceiling Height
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
$65,680
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
5.71%
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%
$1,313,600
$1.3M
Cap Rate 7%
$938,286
$938.3K
Cap Rate 9%
$729,778
$729.8K
Market Conditions
NOI Build-Up for 10,917 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
$80.2K $7.35/SF
− Vacancy
−$3.0K −$0.27/SF
EGI
$77.3K $7.08/SF
− OpEx
−$11.6K −$1.06/SF
NOI
$65.7K $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 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%
$1,313,600
Cap Rate 7%
$938,286
Cap Rate 9%
$729,778
Alternative Uses
Best Use
Flex RnD
$1.61M
$1.41M – $1.88M
NOI $112,912 @ 7.0% cap · market cap 9.82%
Second Best
Warehouse
$938.3K
$821.0K – $1.09M
NOI $65,680 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.75M
NOI $164,829 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
802
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 - Industrial-flex property combines warehouse capacity, office space, air conditioning, and a secured storage yard.
Where is this flex space located?
The property is located at 379 Indusco Ct Troy, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 10,917 Total SF on 0.82 Acre Site; 8,917 SF Warehouse Space / 2,000 SF Office Space; 15' Clear Ceiling Height
