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    1301-1307 Rankin St Troy, MI 48083

    Sponsored
    For Lease
    $8 SF/Yr ($19,833 /Mo)

    28,000 SF Warehouse - Available Now

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant industrial warehouse, located at 1301-1307 Rankin Drive in Troy, Michigan, offers 28,000 square feet of versatile space, currently vacant and ready for immediate occupancy. Built in 1978, the property sits on a substantial 2.43 acres of land and features one single-story building with one loading dock. Ample parking is available with 39 spaces. The warehouse boasts robust power capabilities, including 480v, 1200 amp, 3-phase electrical service. The property is zoned for industrial use and conveniently located near Stephenson Highway, offering easy access to major transportation routes. The property's address is 1301-1307 Rankin Drive, Troy, MI 48083, with the Oakland County Assessor's Parcel Number (APN) being 20-35-101-030. This is a fantastic opportunity for businesses seeking a well-maintained, spacious warehouse in a prime Troy location. The entire building is available for lease. The property's single-story design and ample parking provide efficient operations and convenient employee access. This warehouse is ideal for a variety of industrial uses, offering a significant footprint and strong power infrastructure. Don't miss this chance to secure this exceptional industrial property.

    Property Features for 1301-1307 Rankin St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF
    Total Rate
    19833.33

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1301 Rankin
    Size
    28,000 SF
    Rate per SF
    $8

    HighLights

    • 28,000 SF industrial warehouse available for lease at $8.50/SF NNN.
    • 480v, 1200 amp, 3‑phase power.
    • One overhead door and two exterior truckwells.
    • Fully sprinklered with compressed air lines.
    • Building signage available.
    • Corner lot at Rankin and Allen, with close proximity to I‑75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.12620028
    Latitude
    42.5429415

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    FAQs

    What type of property is this?
    Distribution property - 28,000 SF Warehouse - Available Now
    Where is this distribution property located?
    The property is located at 1301-1307 Rankin St Troy, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 28,000 SF industrial warehouse available for lease at $8.50/SF NNN.; 480v, 1200 amp, 3-phase power.; One overhead door and two exterior truckwells.
    Request Owner's contact information
    1301-1307 Rankin St Troy, MI 48083
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    Troy, MI 48083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301-1307 Rankin St Troy, MI 48083
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