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Property profile & analytics
FOR SALE
Industrial land

945 Stephenson Hwy Troy, MI 48083

9.2 ac lot
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US43-0787751
Property summary
AI-generated overview

This exceptional 9.2-acre parcel of land presents a unique investment opportunity in Troy, Michigan. Ideally situated at 945 Stephenson Highway, this property boasts convenient access to I-75, ensuring excellent visibility and connectivity. The land is zoned I-B, opening doors to a wide array of potential commercial and industrial uses. All utilities are readily available on-site, simplifying the development process. The site is fully paved, eliminating significant upfront infrastructure costs and accelerating project timelines. With its strategic location, extensive utility access, and ready-to-develop condition, this property is perfectly positioned for immediate construction. The asking price is $5,000,000, translating to $543,478.26 per acre. This represents a compelling value proposition for developers seeking a prime location in Oakland County, Michigan. The I-B zoning allows for a multitude of development options, making this a versatile and highly attractive investment. Don't miss this chance to acquire a significant piece of land in a thriving Michigan market.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 9.2 ac (400,752 SF)
APN 88-20-35-102-045
UPID US43-0787751
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Allen Road Parking LLC · 13 yrs held
Allen Road Parking LLC
since 2013
5 recorded transactions
2017
Price N/A
2013
Price N/A
2008
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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