Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    First-Floor Office Suite Title is generated by Realmo AI

    116 Terry Ave, Rochester, MI 48307

    View on Map
    Claim this Listing
    New
    For Lease
    $850 /Mo

    Well-maintained suite offers a private entrance, private restroom, and lighted signage on a gross lease basis.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:24 am

    Property Features for 116 Terry Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Anthony Jarbo

    Listing agent Anthony Jarbo

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Anthony Jarbo

    HighLights

    • Well‑maintained first‑floor suite in downtown Rochester (built 1988)
    • Private entrance plus private bathroom/restroom
    • Lighted signage facing Rochester Rd.
    • Gross lease—gas, water, and electric included in the rent
    • Surrounded by established long‑term tenants in a professional setting
    • BikeScore 56 (bikeable) and walkScore 79 (very walkable)

    Overview

    This well-maintained first-floor office suite is set up for professional use, with a private entrance and a private bathroom. Lighted signage facing Rochester Rd provides visibility for the business.

    The suite is located in downtown Rochester, within a professional setting surrounded by established long-term tenants. The arrangement supports day-to-day operations in a steady, office-oriented environment.

    The suite is available on a gross lease structure, with gas, water, and electric included in the rent. With its dedicated entry and restroom, the space is well suited for an office user looking for a self-contained floor plan and straightforward utility coverage. The presence of long-term tenants in the same setting may also appeal to users who prefer a stable, business-focused environment.
    Location Intelligence

    Current Use by Public Records

    Smirman IP Law Law Firm

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Real Estate Agency Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1333364
    Latitude
    42.6883971

    Nearby Similar for Lease

    • $14,744/Mo

      Rochester Showroom and Warehouse Space

      Versatile showroom and warehouse space in the heart of Rochester.
      200 E 2nd St, Rochester, MI 48307
      View Details
    • $17 SF/Yr
      785 SF

      Rochester Hills Office/Medical Complex

      Three-building office/medical park with recent renovations and convenient access.
      725 745 Barclay Circle, Rochester, MI
      View Details
    • $9 SF/Yr
      35,000 SF

      Industrial Unit in Downtown Rochester

      6,200 SF industrial unit with overhead door access available for rent.
      Rochester, MI 48307
      View Details
    • $15 SF/Yr
      1,000 SF

      Versatile Office Space For Lease

      1,000 sq ft office space ideal for professional services.
      967 Oakwood Dr, Rochester, MI 48307
      View Details
    • Contact for pricing
      196 SF

      Downtown Rochester Office Space Available

      Prime location with ample natural light and elevator access.
      412-414 Main St, Rochester, MI
      View Details
    • Contact for pricing

      Downtown Rochester Office Suite For Rent

      First-floor office suite with private entrance and utilities included.
      116 TERRY AVE, ROCHESTER, MI 48307
      View Details
    • Contact for pricing
      5,498 SF

      Office Space in Rochester, MI

      Office space available for lease in Rochester, Michigan.
      1600 Parkdale Rd, Rochester, MI 48307
      View Details
    • $42 SF/Yr
      3,982 SF

      Rochester Hills Retail Endcap Opportunity

      Endcap retail space for lease in Rochester Hills.
      3135-3159 S Rochester Rd, Rochester, MI
      View Details
    • Contact for pricing
      2,037 SF

      Retail Space for Rent

      2037 SF retail space available for rent.
      120 E FOURTH ST, ROCHESTER, MI
      View Details
    • Contact for pricing
      1,800 SF

      Rochester Road Office Space

      Office space available for sublease with outside storage.
      6841 N Rochester Rd, Rochester, MI
      View Details
    • Contact for pricing

      Retail Space on University Drive

      Retail property available for rent on West University Drive.
      311 West University Drive, Rochester, MI 48307
      View Details
    • Contact for pricing
      42,582 SF

      Rochester Flex Space Sublease

      Sublease available in a fully air-conditioned flex/industrial facility.
      2998 Waterview Dr, Rochester, MI
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained suite offers a private entrance, private restroom, and lighted signage on a gross lease basis.
    Where is this office units located?
    The property is located at 116 Terry Ave Rochester, MI.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Well‑maintained first‑floor suite in downtown Rochester (built 1988); Private entrance plus private bathroom/restroom; Lighted signage facing Rochester Rd.
    (248) 891-8156
    We can help!
    Listing Contact
    Anthony Jarbo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 Terry Ave, Rochester, MI 48307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!