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Property profile & analytics

2400 Stephenson Hwy Troy, MI 48083-2171

  • Industrial properties
  • 156,346 SF
  • 3.70 lot acres
OFF-MARKET
Value Estimations
$10,225,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1910581
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Classic Design / Mechanical Engineer

Property Details for 2400 Stephenson Hwy

Year built
1967
Lot size
3.70 lot acres
Property size
156,346 SF
Zone code
M-1
Property type
Industrial properties
APN
88-20-26-155-015
APU
882026155015

Description

This exceptional 78,089-square-foot Class B manufacturing building in Troy, Oakland County, presents a unique investment opportunity. Built in 1967 and renovated in 2015, the single-tenant property sits on a 4.64-acre lot and boasts a highly desirable location adjacent to the I-75/Rochester Road interchange. The building features a varying ceiling height, two loading docks, two dock-high doors, and four drive-in doors, along with an elevator. The property includes multiple crane bays and bridge cranes with up to a 50-ton capacity. A large paved employee parking lot provides ample space. The building's modern office space, heavy power, and diverse loading options make it suitable for various manufacturing uses. The property is zoned IB (Industrial Business) and has APN numbers 88-20-26-155-015 and 88-20-26-154-013. 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 is an excellent opportunity to secure prime industrial space in a thriving submarket.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $10,226,000
    Market price range: $10.2M - $17.8M
    AI Estimate
    $10,226,000
    Market price range: $10.2M - $17.8M
  • Alternative Use

    Use
    Estimation
    INDUSTRIAL (GENERAL)
    $14,075,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $14,550,000
    Change: +3% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Troy
County
Oakland
State
Michigan
Longitude
-83.1263
Latitude
42.556
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$61,665
$0.00
$0.00
$2,306,840
-
$0.00
$0.00
$4,613,680
More about this property
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