Industrial Flex
New
For Sale
$1,950,000
41255 Technology Park Dr, Sterling Heights, MI 48314
The property combines warehouse and shop space with a substantial office component.
Property Size17,695 SF
Price / SF$110.20
Days on Market3
Property Features for 41255 Technology Park Dr
General Information
Standard status
Active
Size
17,695 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
10,320 SF
Office Build-Out
7,375 SF
Building Details
Buildings
1
Building Size
17,695 SF
Listing Agency:
Detroit
Listed By:
Steven Badgero · License #6501355671
(248) 226-1812
Source:
Colliers
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 7:40PM
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 Detroit
Investment Insights
Based on property information with market context.
This 17,695-square-foot flex property includes approximately 10,320 square feet of warehouse and shop area, alongside 7,375 square feet of office space. The mix of work and administrative areas is contained within one industrial building at 41255 Technology Park Dr in Sterling Heights, Michigan.
Key Highlights
- 17,695 SF industrial/flex building
- Approximately 10,320 SF of warehouse and shop space
- 7,375 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,662
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,373,240
$3.4M
Cap Rate 7%
$2,409,457
$2.4M
Cap Rate 9%
$1,874,022
$1.9M
Market Conditions
NOI Build-Up for 17,695 SF
Gross rent
$276.0K $15.60/SF
− Vacancy
−$16.6K −$0.94/SF
EGI
$259.5K $14.66/SF
− OpEx
−$90.8K −$5.13/SF
NOI
$168.7K $9.53/SF
Area
Sterling Heights, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,373,240
Cap Rate 7%
$2,409,457
Cap Rate 9%
$1,874,022
Alternative Uses
Best Use
Office B
$2.92M
$2.55M – $3.41M
NOI $204,378 @ 7.0% cap · market cap 10.48%
Second Best
Flex RnD
$2.41M
$2.11M – $2.81M
NOI $168,662 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$3.90M
$3.42M – $4.55M
NOI $273,251 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48314, MI
21,614
Population
9,286
Households
2.3
Avg Household Size
44
Median Age
36%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,771
Density / Sq Mi
$80,383
Median Household Income
$46,481
Median Earnings
$1,397
Median Rent
$309,700
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - The property combines warehouse and shop space with a substantial office component.
Where is this flex space located?
The property is located at 41255 Technology Park Dr Sterling Heights, MI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 17,695 SF industrial/flex building; Approximately 10,320 SF of warehouse and shop space; 7,375 SF of office space
