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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Industrial properties
1195 Equity Dr, Troy, MI 48084-7108
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-0071037
Property summary
AI-generated overview
This exceptional 41,142-square-foot warehouse, located at 1195 Equity Drive in Troy, Michigan, presents a significant opportunity for businesses seeking a single-tenant industrial space. Built in 1992, the property sits on a generous 3.52-acre lot and boasts a functional layout ideal for various industrial operations. The warehouse features a ceiling height ranging from 18 to 20 feet, providing ample vertical space for storage and operations. Two dock-high doors ensure efficient loading and unloading of goods. Ample parking is available with 65 total spaces. The property is zoned IB, making it suitable for a range of industrial uses. The entire 41,142 square feet is currently vacant, offering immediate occupancy for a new tenant. This prime location in Troy, Michigan, zip code 48084, provides easy access to major transportation routes, enhancing logistical efficiency. The property's size, features, and location combine to create a compelling opportunity for businesses seeking a substantial and well-equipped industrial space. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Total area
41,142 SF
Lot
3.51 ac (152,896 SF)
Zoning code
M-1
APN
88-20-32-226-034
UPID
US43-0071037
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RCC Web Media Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Cadillac Presentation Solutions, Inc. Corporate Office
-
LD3 Communications Group Consultant
-
RCC Business IT Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$4.29M
Owner & transaction history
Kd Collaborative LLC · 1 yrs held
Kd Collaborative LLC
since 2024
5 recorded transactions
Zoning & alternative use
M-1 · Troy, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+95.9%
Retail stores
$6.9M
+91.0%
Medical building
$6.5M
+78.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,635,000
Current use
RESTAURANT
$7,120,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$6,945,000
Change: +91% · Conversion: Moderate
MEDICAL BUILDING
$6,495,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,045,000
Change: +39% · Conversion: Easy
OFFICE BUILDING
$4,825,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,830,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$58,569
Tax year 2022
Assessed value
$1,557,610
Assessed 2022
Previous assessed
$1,557,610
+0.0% YoY
Effective rate
3.76%
On assessed value
Total market value
$3,115,220
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
41,142 SF
Lot
3.51 ac (152,896 SF)
Zoning code
M-1
APN
88-20-32-226-034
UPID
US43-0071037
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Troy, MI
Zoning M-1 · permitted uses
M-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.6M
RESTAURANT
Est. value
$7.1M
RETAIL STORES
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.51 ac
Current owner
From public records · entity-resolved
Kd Collaborative LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1195 EQUITY DR, TROY, MI 48084-7108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Kd Collaborative LLC
Leaverland LLC
Warranty Deed
—
Dec 19, 2016
$1,900,000
Leaverland LLC
Streng Land Co LLC
Grant Deed
$2,184,000 · Privatebank & Tr
Jul 11, 2012
—
Streng Land Co LLC
Streng William R Trust
Quit Claim Deed
—
—
—
Streng,tr
—
Deed Of Trust
related
$250,000 · Privatebank
—
—
Streng,tr
—
Deed Of Trust
related
$800,000 · Bank One NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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