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    Property profile & analytics
    OFF-MARKET Estimated value $2,500,000
    Industrial properties

    1950 Austin Dr, Troy, MI 48083-2205

    28,955 SF 1.69 ac lot Built 1986
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0973539
    Property summary
    AI-generated overview

    This exceptional 28,955 square foot mixed-use industrial building presents a remarkable investment or end-user opportunity in the thriving heart of Oakland County, Michigan. Situated on a 1.69-acre lot, this property boasts a sophisticated, professionally designed layout combining open office space with a rear warehouse and storage area. The office area features an elegant design with ornate finishes, glass curtain partitions, Euro post framing, updated bathrooms, and a dedicated executive office suite. Warehouse functionality is enhanced by two 14-foot high loading doors, providing ample space for docking, loading, and storage. The building is climate-controlled throughout, utilizing a combination of forced air, radiant heat, and central air conditioning. Modern amenities include a well-equipped employee breakroom and a comprehensive fire suppression system. Three-phase electric service is readily available. The property benefits from convenient access to major interstates, airports, and a wide range of commercial services. The adaptable floor plan allows for easy modification to suit diverse future needs or tenant requirements, presenting significant value-add potential and strong lease prospects. Priced at $2,950,000.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1986
    Total area 28,955 SF
    Lot 1.69 ac (73,616 SF)
    Zoning code M-1
    APN 88-20-26-451-031
    UPID US43-0973539
    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
    • T.M. Shea Products Display Stand Manufacturer Marketing Consultant
    • Pantry Passions Inc Discount Store Grocery & Convenience Store
    • T M Shea Products Inc Advertising Agency Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.50M
    Blend (final) Blend
    $2.50M
    Owner & transaction history
    1950 Austin LLC · 1 yrs held
    1950 Austin LLC
    since 2025
    7 recorded transactions
    2025
    2024
    2017
    2017
    2011
    $725,000
    2005
    1969
    Zoning & alternative use
    M-1 · Troy, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.6M +36.1%
    Office building $3.4M +30.3%
    Neighborhood: shopping center $2.7M +3.4%
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