2222 Stephenson Hwy Troy, MI 48083
Industrial properties
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Entity Owned
10-yr Hold
~
Est. High Equity
For Sale
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2222 Stephenson Hwy, Troy, MI 48083
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Estimated value (blended)
$1.44M
Range $1.30M – $1.58M (±10%)
Property ID
US43-1115538
Property summary
AI-generated overview
This single-tenant, 30,120-square-foot manufacturing building presents a compelling opportunity in Troy, Michigan. Located at 2222 Stephenson Hwy, this Class B property boasts a prime location adjacent to the I-75/Rochester Road interchange, offering exceptional accessibility. Constructed in 1967 and renovated in 2015, the building features a 14-foot ceiling height, three loading docks, and four drive-in doors. The 1.81-acre site includes ample paved employee parking. The property is zoned IB and has an APN of 88-20-26-326-018 within Oakland County. The building's features are well-suited for various manufacturing operations, including multiple crane bays and bridge cranes with up to a 50-ton capacity. Modern office space and heavy power are also included. Note that this building can be leased in conjunction with a neighboring property for a combined 108,000 square feet of space. The buildings are connected via an exterior concrete courtyard and matching roll-up doors. This property offers a unique opportunity for businesses seeking efficient and well-equipped manufacturing space in a highly desirable location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Total area
30,120 SF
Lot
1.81 ac (78,844 SF)
Zoning code
M-1
APN
88-20-26-326-018
UPID
US43-1115538
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
-
Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$1.44M
Owner & transaction history
since 2015
5 recorded transactions
Zoning & alternative use
M-1 · Troy, MI
Top alternative use upside
Auto repair, garage
$3.7M
+36.1%
Office building
$3.5M
+30.3%
Neighborhood: shopping center
$2.8M
+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.
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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 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.44M
Value range
$1.30M – $1.58M
±10% around blend
Estimated value / SF
$48 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$1.30M
blend $1.44M
$1.58M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
30,120 SF
Lot area
1.81 ac
Year built
1968
Stories
1
APN
88-20-26-326-018
Assessed value
$881,420
Annual tax
$32,877
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
$32,877
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.20M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.6 mi away · 39,000 SF
7.4 mi away · 22,000 SF
7.8 mi away · 29,251 SF
9.1 mi away · 31,650 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.44M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$90
-47%
Submarket 73 sales
$88
-46%
County 341 sales
$81
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $48/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
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.39%
Selected cap rate for this 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 · 5.39%
9.0%
NOI (est.)
$150k *
* 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$2.78M
Move the market yield to see immediate price impact.
Value / SF
$92
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
4.89%5.39%5.89%
$135k
$2.75M
$2.50M
$2.29M
$150k
$3.06M
$2.78M
$2.54M
$165k
$3.37M
$3.05M
$2.80M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$950k
4.0 mi · Dec 2025 · $45/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,877
Tax year 2022
Assessed value
$881,420
Assessed 2022
Previous assessed
$881,420
+0.0% YoY
Effective rate
3.73%
On assessed value
Total market value
$1,762,840
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
30,120 SF
Lot
1.81 ac (78,844 SF)
Zoning code
M-1
APN
88-20-26-326-018
UPID
US43-1115538
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
1968
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.81 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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