Industrial Property for
For Sale
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1227 Centre Rd, Auburn Hills, MI 48326
Industrial property available for sale in Auburn Hills, Michigan.
Property Size65,018 SF
Price / SF$129.19
Days on Market996
Property Features for 1227 Centre Rd
General Information
Standard status
Active
Size
65,018 SF
Total Parking Spaces
75
Property subtype
Industrial
Zoning
I-2
Building Details
Year Built
1986
Buildings
1
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Joseph Gatliff · License #MI
Source:
Crexi
Added: Jan 27, 2024
Changed: Oct 11
Last Checked: Oct 19 at 7:34AM
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 - Royal Oak/Detroit, Michigan
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Investment Insights
Based on property information with market context.
This industrial property, located in Auburn Hills, Michigan, is available for sale. The property encompasses a total area of 65018 square feet.
Key Highlights
- For sale
- Year Built: 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,140
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,442,800
$6.4M
Cap Rate 7%
$4,602,000
$4.6M
Cap Rate 9%
$3,579,333
$3.6M
Market Conditions
NOI Build-Up for 65,018 SF
Gross rent
$477.9K $7.35/SF
− Vacancy
−$17.7K −$0.27/SF
EGI
$460.2K $7.08/SF
− OpEx
−$138.1K −$2.12/SF
NOI
$322.1K $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%
$6,442,800
Cap Rate 7%
$4,602,000
Cap Rate 9%
$3,579,333
Alternative Uses
Best Use
Industrial
$4.60M
$4.03M – $5.37M
NOI $322,140 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.02M
$12.27M – $16.36M
NOI $981,668 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property available for sale in Auburn Hills, Michigan.
Where is this industrial property located?
The property is located at 1227 Centre Rd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: For sale; Year Built: 1986
