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    Stephenson Hwy Troy, MI 48083

    Sponsored
    For Sale
    $1,900,000

    4.586 acres, Regional Center zoning, $1.9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4.586-acre commercial land parcel presents a rare investment opportunity in Troy, Michigan. Located on Stephenson Highway, this property boasts a highly desirable Regional Center zoning designation, opening doors to a wide range of development possibilities. Priced at $1,900,000 ($414,847.16 per acre), this represents one of the last remaining sizable parcels available in this prime Troy location. The property's strategic position offers excellent visibility and accessibility. While the south end of the parcel is encumbered by an Oakland County drain, the majority of the land remains readily developable. Detailed surveys and engineering reports are available upon request to facilitate a thorough due diligence process. This is an unparalleled chance to acquire a significant land holding in a thriving Michigan market, ideal for investors seeking high-growth potential and long-term value. The property's address is Stephenson Hwy, Troy, MI 48083, situated in Oakland County. The latitude and longitude coordinates are 42.5446068, -83.1206157 respectively. Serious inquiries only.

    Property Features for 0 Stephenson Hwy

    General Information

    Property type
    Land
    Lot Size
    199,766 SF

    HighLights

    • 4.586‑acre parcel available for sale.
    • One of Troy's last remaining large development sites.
    • Southern portion encumbered by Oakland County drain easement.
    • Regional Center zoning.
    • $1,900,000 asking price ($414,847.16 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1206157
    Latitude
    42.5446068

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    FAQs

    What type of property is this?
    Land - 4.586 acres, Regional Center zoning, $1.9M
    Where is this land located?
    The property is located at Stephenson Hwy Troy, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 4.586-acre parcel available for sale.; One of Troy's last remaining large development sites.; Southern portion encumbered by Oakland County drain easement.
    (248) 948-0103
    Request Owner's contact information
    Stephenson Hwy 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
    Stephenson Hwy Troy, MI 48083
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