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    FOR SALE
    Commercial real estate

    3250 W Big Beaver Rd, Troy, MI 48084

    149,135 SF 7.59 ac lot Built 1973
    Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1905133
    Property summary
    AI-generated overview

    This exceptional 1.5-acre commercial land parcel presents a prime development opportunity in Troy, Michigan. Located at 3250, 3290, and 3310 West Big Beaver Road, this property boasts unparalleled visibility and accessibility. Its strategic location just west of the renowned Somerset Collection shopping center provides significant advantages for businesses seeking high foot traffic and brand exposure. The Somerset Collection, a luxury shopping destination encompassing over 1.44 million square feet, features more than 180 stores and restaurants, including four major department stores: Nordstrom, Neiman Marcus, Macy's, and Saks Fifth Avenue. The property benefits from the high traffic volume and affluent demographic associated with this premier shopping center. The site is further enhanced by its position within the Troy Big Beaver Corridor Plan, suggesting future development opportunities and potential for growth. This land is available for lease or build-to-suit, offering flexibility to prospective tenants or developers. The property's 1.5-acre size allows for substantial development potential, catering to a wide range of commercial uses. With its excellent location, visibility, and development potential, this property represents a unique investment opportunity in a thriving commercial corridor. The property is situated in Oakland County, Michigan, and has a zip code of 48084.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1973
    Total area 149,135 SF
    Lot 7.59 ac (330,620 SF)
    Zoning code O-M
    APN 88-20-19-453-009
    UPID US43-1905133
    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
    • American Dysautonomia Institute Charitable Organization
    • VEST, Inc. (Bike/Boat/Book/etc) Store Corporate Office
    • SYSTEMS SOLUTION ENGINEERING Engineer
    • Rise-es (Bike/Boat/Book/etc) Store Corporate Office
    • Detroit Website Design Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $21.35M
    Blend (final) Blend
    $21.36M
    Owner & transaction history
    Sheffield Owner LLC · 18 yrs held
    Sheffield Owner LLC
    since 2008
    7 recorded transactions
    2018
    2008
    2000
    1999
    $11,000
    1969
    1969
    1969
    Zoning & alternative use
    O-M · Troy, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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