927 Brown Rd, Orion Township, MI 48359
This exceptional investment opportunity presents a fully occupied, five-building industrial complex totaling 40,896 square feet situated on a 2.5-acre lot in Orion Township, Oakland County, Michigan. The property, located at 927-957 Brown Road, boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $428,070. The complex is comprised of five buildings, with one major tenant, Johnstone Supply, under a favorable triple-net lease extending to June 2037, occupying 50% of the space. The remaining ten tenants occupy smaller suites ranging from 1,200 to 6,000 square feet. The property benefits from its prime location, offering convenient access to Interstate 75 and proximity to major retailers such as Target, Home Depot, and Sam's Club, as well as the Great Lakes Crossing Outlets. The property is zoned "BIZ" – Brown Road Innovation Zoning District, allowing for potential future development on the included 2.5-acre vacant land parcel adjacent to 927 Brown Road. The asking price is $5,523,000, translating to $135.06 per square foot. This presents a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential due to limited comparable space in the market and lease restructuring opportunities. The property's current 100% occupancy ensures immediate cash flow.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.