Multi-Tenant Building on Main
For Sale
$4,300,000
1121-1135 Rochester Road, Troy, MI 48084
Multi-tenant building for sale, close to I-75 and I-696.
Property Size42,900 SF
Price / SF$100.23
Days on Market377
Property Features for 1121-1135 Rochester Road
General Information
Standard status
Active
Size
42,900 SF
Property subtype
Industrial
Building Details
Building Size
42,900 SF
Year Built
1985
Listing Agency:
Signature Associates - Southfield
Listed By:
Kris Pawlowski · License #6501292698
(586) 350-9599
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 4
Last Checked: Oct 5 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This 42,900 sq. ft. multi-tenant building is located on a main road with proximity to I-75 and I-696. The property features a truckwell. The owner plans to paint the warehouse, add LED lighting, and reconstruct the offices. The entire building is for sale, with 6,745 - 31,400 sq. ft. available for lease.
Key Highlights
- Entire 42,900 sq. ft. building for sale.
- Close proximity to I‑75/I‑696.
- Multi‑tenant building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$258,101
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,162,020
$5.2M
Cap Rate 7%
$3,687,157
$3.7M
Cap Rate 9%
$2,867,789
$2.9M
Market Conditions
NOI Build-Up for 42,900 SF
Gross rent
$315.3K $7.35/SF
− Vacancy
−$11.7K −$0.27/SF
EGI
$303.6K $7.08/SF
− OpEx
−$45.5K −$1.06/SF
NOI
$258.1K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,162,020
Cap Rate 7%
$3,687,157
Cap Rate 9%
$2,867,789
Alternative Uses
Best Use
Flex RnD
$6.34M
$5.55M – $7.40M
NOI $443,706 @ 7.0% cap · market cap 10.32%
Second Best
Warehouse
$3.69M
$3.23M – $4.30M
NOI $258,101 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$9.25M
$8.10M – $10.80M
NOI $647,721 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48084, MI
16,364
Population
7,402
Households
2.2
Avg Household Size
37
Median Age
73%
College-Educated
99%
High-School Grad
6.2 sq mi
ZIP Area
2,639
Density / Sq Mi
$106,004
Median Household Income
$71,494
Median Earnings
$1,648
Median Rent
$420,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant building for sale, close to I-75 and I-696.
Where is this warehouse located?
The property is located at 1121-1135 Rochester Road Troy, MI.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Entire 42,900 sq. ft. building for sale.; Close proximity to I‑75/I‑696.; Multi‑tenant building.
