Industrial Property for
1227 Centre Rd Auburn Hills, MI 48326
1227 Centre Rd, Auburn Hills, MI, 48326
Contact for pricing
For Sale
Contact for pricing
Industrial property available for sale in Auburn Hills, Michigan.
Property Size65,018 SF
Price / SF$129.19
Days on Market904
Property Features for 1227 Centre Rd
General Information
- Standard status
- Active
- Size
- 65,018 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing Agency
Colliers - Royal Oak/Detroit, Michigan
Listed by
Joseph Gatliff · License #MI
Source
Crexi
Added: Jan 27, 2024 Checked: Jul 17 at 8:20 am
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
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $477.9k | $7.35 |
| − Vacancy | −$17.7k | −$0.27 |
| EGI | $460.2k | $7.08 |
| − OpEx | −$138.1k | −$2.12 |
| NOI | $322.1k | $4.95 |
65,018 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ti Automotive
Auto Repair Shop
Similar For Sale Nearby
FAQs
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
