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Financial
Distress signals
Property profile

1050 Wilshire Dr Troy, MI 48084

FOR LEASE
Other commercial real estate
Property ID
US43-0824127
206,913 SF 16.99 ac lot Built 1986
Last sale Jul 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1050 Wilshire Dr, Troy, MI 48084 For Lease
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1050 Wilshire Dr, Troy, MI 48084
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Property summary

AI-generated overview

Class A office building offering multiple suite configurations totaling approximately 1,473 to 16,454 square feet, with access to all building entrances and abundant on-site surface parking. Tenants have access to dedicated on-site basement storage bays in various sizes, and the building is supported by professional on-site management for day-to-day operations. On-site amenities include a cafe and sundry retail/food service that underwent renovation, and the property provides options for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$468k
Tax billed · 2022
Assessed value$10.27M
Effective rate4.56%

Value estimate

· Oct 2026
$30.42M
$27.38M – $33.46M
Submarket $/SF estimate$30.42M
NOI build-up
Gross scheduled income$1.27M
Vacancy & credit loss−$298k
Operating expenses−$242k
NOI · 4,287,386.43% cap applied$727k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$183/SF
Submarket average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$128 – $245

Cap rate analysis

How does the asset earn?
4,287,386.43%
$727k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
O-1
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility14.2
Building Supply14.0
Nail Salon13.7

Location

1050 Wilshire Dr Troy, MI 48084
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1890 Crooks, Troy, MI 48084-5506 $1,100,000 May 2022 5,383 SF
1000 Maple, Troy, MI 48084-5306 $2,330,000 Mar 2022 22,450 SF
2150 Butterfield, Troy, MI 48084-3427 $3,500,000 Nov 2020 30,906 SF
2250 Butterfield, Troy, MI 48084-3404 $4,500,000 Nov 2020 28,364 SF
1487 Premier, Troy, MI 48084-4605 $750,000 Jan 2020 6,630 SF
1621 Big Beaver, Troy, MI 48084-3501 $5,600,000 Oct 2019 29,956 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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