Industrial Warehouse Space
For Sale
Contact for pricing
2011 Livernois, Troy, MI 48083
4,940 SF industrial warehouse property for sale.
Property Size4,940 SF
Price / SF$172.06
Days on Market1551
Property Features for 2011 Livernois
General Information
Standard status
Active
Size
4,940 SF
Property subtype
Industrial
Building Details
Year Built
1963
Listing Agency:
Lee & Associates - Naples
Listed By:
Jeff Buckler · License #MI
Source:
Crexi
Added: Jul 8, 2022
Changed: Sep 28
Last Checked: Oct 5 at 3:29PM
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 Lee & Associates - Naples
Investment Insights
Based on property information with market context.
This industrial property offers 4,940 square feet of warehouse space. The property is located in Troy, Michigan.
Key Highlights
- Industrial Property
- 4,940 SF of space
- Year Built: 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,721
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,420
$594.4K
Cap Rate 7%
$424,586
$424.6K
Cap Rate 9%
$330,233
$330.2K
Market Conditions
NOI Build-Up for 4,940 SF
Gross rent
$36.3K $7.35/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$35.0K $7.08/SF
− OpEx
−$5.2K −$1.06/SF
NOI
$29.7K $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 Rate 5%
$594,420
Cap Rate 7%
$424,586
Cap Rate 9%
$330,233
Alternative Uses
Best Use
Warehouse
$424.6K
$371.5K – $495.4K
NOI $29,721 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$349.7K
$306.0K – $407.9K
NOI $24,476 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$1.07M
$932.3K – $1.24M
NOI $74,586 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,091
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
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 4,940 SF industrial warehouse property for sale.
Where is this warehouse located?
The property is located at 2011 Livernois Troy, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Industrial Property; 4,940 SF of space; Year Built: 1963
