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    312 Park St Troy, MI 48083

    For Lease
    $8 SF/Yr ($14,209 /Mo)

    20,669 SF Warehouse, Ideal for Business

    Lot size:
    20,669 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This single-tenant warehouse, located in Oakland County, offers 20,669 square feet of space, perfect for a variety of industrial uses. Built in 1978 and renovated in 2001, the property features a 14-23 foot clear ceiling height, enhancing operational efficiency. The building includes a 1,040 square foot office space, adding administrative convenience. Access is facilitated by multiple grade-level doors (12'x14', 10'x14', and 10'x10'), a truck well, and ample fenced parking (50+ spaces). The property boasts skylights for natural light and is equipped with 400 amps, 480 volts of power. Currently used as a sports facility, the fixtures may not be included in the lease. The property is zoned I-1 Industrial, and the lease rate is $8.25 per square foot, NNN. This well-maintained warehouse presents a significant opportunity for businesses seeking a functional and strategically located space in Oakland County. The 1.39-acre lot provides ample room for expansion or outdoor storage. The property's features and location make it an attractive option for a variety of industrial tenants.

    Property Features for 312 Park St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,669 SF
    Total Rate
    14209.94

    Building Details

    Year Built/Renovated
    1978/2001
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    20,669 SF
    Rate per SF
    $8

    HighLights

    • 20,669 square feet available for lease.
    • 1,040 square foot office included.
    • 14' to 23' clear ceiling height.
    • Two grade‑level doors: 12'x14', 10'x14', and 10'x10'.
    • One truck well.
    • I‑1 Industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1402747
    Latitude
    42.5426528

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    FAQs

    What type of property is this?
    Distribution property - 20,669 SF Warehouse, Ideal for Business
    Where is this distribution property located?
    The property is located at 312 Park 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: 20,669 square feet available for lease.; 1,040 square foot office included.; 14' to 23' clear ceiling height.
    Request Owner's contact information
    312 Park 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
    312 Park St Troy, MI 48083
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