Entity Owned
$6,100,000
1410 Allen Dr, Troy, MI 48083
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Property summary
AI-generated overview
This manufacturing warehouse property is located in Troy, Michigan, just off the I-75 freeway. The building area is approximately 52,919 square feet (about 53,000 square feet) and is configured to support heavy-duty manufacturing and warehousing use, with ample open floor space that allows for interior customization. It includes well-maintained pull-in loading docks to facilitate truck access and distribution, along with on-site parking for staff and visitors. The site’s proximity to I-75 provides regional transportation connectivity for access to distribution hubs, suppliers, and customers, and the surrounding area includes nearby retail and restaurant amenities as well as business services.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
52,919 SF
Lot
2.56 ac (111,514 SF)
Zoning code
M-1
APN
88-20-35-102-042
UPID
US43-1312114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.07M
Owner & transaction history
Zoning & alternative use
M-1 · Troy, MI
Top alternative use upside
Auto repair, garage
$6.5M
+36.1%
Office building
$6.2M
+30.3%
Neighborhood: shopping center
$4.9M
+3.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.07M
Value range
$3.66M – $4.48M
±10% around blend
Estimated value / SF
$77 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$3.66M
blend $4.07M
$4.48M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
52,919 SF
Lot area
2.56 ac
Year built
1982
Stories
1
APN
88-20-35-102-042
Zoning
M-1
Assessed value
$1,481,750
Annual tax
$36,634
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$36,634
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.71M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.6 mi away · 40,000 SF
13.8 mi away · 49,126 SF
19.6 mi away · 44,708 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$90
-15%
Submarket 73 sales
$88
-13%
County 341 sales
$81
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $77/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+36%
vs current-use indication
Office Building
Neighborhood: Shopping Center
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.23%
Selected cap rate for this other industrial properties
Derived from the Troy market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.23%
9.0%
NOI (est.)
$319k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.10M
Move the market yield to see immediate price impact.
Value / SF
$115
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.73%5.23%5.73%
$287k
$6.07M
$5.49M
$5.01M
$319k
$6.74M
$6.10M
$5.56M
$351k
$7.42M
$6.71M
$6.12M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$3.90M
5.9 mi · Jan 2026 · $100/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$36,634
Tax year 2022
Assessed value
$1,481,750
Assessed 2022
Previous assessed
$1,481,750
+0.0% YoY
Effective rate
2.47%
On assessed value
Total market value
$2,963,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1982
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
52,919 SF
Lot
2.56 ac (111,514 SF)
Zoning code
M-1
APN
88-20-35-102-042
UPID
US43-1312114
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Troy, MIZoning M-1 · permitted uses
M-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Troy, MI
Recorded code
M-1
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Owner identityResolved entity and name variants
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Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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