Property profile

1460 Stephenson Hwy Troy, MI 48083

OFF-MARKET
Commercial land
Property ID
US43-2544624
2.5 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.5-acre industrial property, located at 1460 Stephenson Highway in Troy, Michigan (zip code 48083), presents a unique investment opportunity. Situated in Oakland County, this site boasts approximately 290 feet of frontage along I-75, offering unparalleled visibility and accessibility. The property is zoned RC - Research Center, providing flexibility for a variety of potential uses. The asking price is $1,250,000, translating to a land value of $500,000 per acre. Given its strategic location and zoning, this parcel is ideal for businesses seeking high-profile exposure and convenient access to major transportation arteries. The property's ample size allows for substantial development potential, catering to a range of industrial and research-oriented ventures. While specific building details are not currently available, the substantial lot size and prime location make this a compelling investment prospect. The property's address is easily accessible via Stephenson Highway, south of Maple Road. Parking ratios are estimated at 11.5 spaces per 1,000 square feet, though this is based on potential development and not existing structures. This exceptional location and zoning make this a rare opportunity in the thriving Troy market. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.5 ac (108,900 SF)
Zoning code R-C
APN 88-20-35-126-025
UPID US43-2544624

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1460 Stephenson Hwy Troy, MI 48083-1189
Troy metro Census 197400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2019
Price N/A
2007
Price N/A
2000
Price N/A

Zoning & alternative use

R-C · Troy, MI
Zoning description

The RC, Research Center District is intended to provide areas for industrial research and office uses in planned developments

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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