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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Industrial properties
1835 Technology Dr 1891, Troy, MI 48083-4244
Entity Owned
Free & Clear
Property ID
US43-1389268
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
77,136 SF
Lot
5.96 ac (259,618 SF)
Zoning code
M-1
APN
88-20-35-226-086
UPID
US43-1389268
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
-
Lg Electronics Corporate Office
-
Detroit Office Main Customs Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$7.48M
Owner & transaction history
Troy Tech Sf Owner LLC
Troy Tech Sf Owner LLC
since 2026
7 recorded transactions
Zoning & alternative use
M-1 · Troy, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.2M
+75.3%
Auto repair, garage
$9.5M
+36.1%
Office building
$9.0M
+30.3%
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)
$6,945,000
Current use
MEDICAL BUILDING
$12,175,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,455,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$9,045,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,180,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±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
$97 / 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
$106,633
Tax year 2022
Assessed value
$2,721,290
Assessed 2022
Previous assessed
$2,721,290
+0.0% YoY
Effective rate
3.92%
On assessed value
Total market value
$5,442,580
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
1986
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
77,136 SF
Lot
5.96 ac (259,618 SF)
Zoning code
M-1
APN
88-20-35-226-086
UPID
US43-1389268
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
$6.9M
MEDICAL BUILDING
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$9.5M
OFFICE BUILDING
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
INDUSTRIAL (GENERAL) Current
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
1986
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
5.96 ac
Current owner
From public records · entity-resolved
Troy Tech Sf Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2727 N LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Troy Tech Sf Owner LLC
Bmark 2020 B20 1960 Ring Road LLC
Deed
—
Jul 2, 2024
$21,905,309
Bmark 2020 B20 1960 Ring Road LLC
Mich Troy Technology LLC
Sheriffs Deed
related
—
Oct 8, 2020
—
Mich Troy Technology LLC
Troy Technology Park Associates LLC
Intrafamily Transfer
related
$45,000,000 · Jpmorgan Chase Bank NA
Jun 15, 2018
—
Troy Technology Pk Assocs LLC
—
Grant Deed
related
$20,000,000 · Pnc Bk
Oct 9, 2015
—
Troy Technology Park Associate
Five Mile Capital Troy Tech Jv
Quit Claim Deed
related
$11,072,000 · Firstmerit Bk
Aug 21, 2015
—
Five Mile Capital Troy Tech Jv
South Troy Tech LLC
Grant Deed
related
—
Jul 15, 2015
—
Five Mile Capital Troy Tech Jv
South Troy Tech LLC
Grant Deed
—
Apr 27, 2007
—
South Troy Tech LLC
Morgan Stanley Cap 2003-top11
Grant Deed
$27,640,000 · Five Mile Capital Spe A LLC
—
—
Ttp North LLC
—
Deed Of Trust
related
$15,000 · Principal Life Insurance Co
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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