Bank Branch with
New
For Sale
$1,300,000
1310 South Rochester Road, Rochester, MI 48307
Existing banking improvements include a drive-through, basement, on-site parking, and CB Community Business District zoning.
Property Size4,278 SF
Price / SF$303.88
Days on Market4
Property Features for 1310 South Rochester Road
General Information
Standard status
Active
Size
4,278 SF
Property subtype
Retail
Zoning
CB
Additional Details
Drive-Thru
Yes
Listing Agency:
CBRE | Detroit
Listed By:
Matthew Croswell
(248) 351-2084
Source:
Cbre
Added: Sep 9
Last Checked: Sep 12 at 5:26AM
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 CBRE | Detroit
Investment Insights
Based on property information with market context.
This bank property includes an existing branch layout with a drive-through component and basement space. Ample on-site parking supports the building’s current configuration, while CB zoning identifies the site as part of the Community Business District.
The property is positioned on South Rochester Road, where traffic counts exceed 36,000 vehicles per day. The surrounding retail environment includes ALDI, Home Depot, Total Wine, Dick’s Sporting Goods, Marshalls, and Lifetime Fitness, providing an established commercial setting for the property.
The property is positioned on South Rochester Road, where traffic counts exceed 36,000 vehicles per day. The surrounding retail environment includes ALDI, Home Depot, Total Wine, Dick’s Sporting Goods, Marshalls, and Lifetime Fitness, providing an established commercial setting for the property.
Key Highlights
- Existing bank branch with drive‑through facilities
- Basement space included
- Traffic counts exceed 36,000 vehicles per day on South Rochester Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,291,820
$1.3M
Cap Rate 7%
$922,729
$922.7K
Cap Rate 9%
$717,678
$717.7K
Market Conditions
NOI Build-Up for 4,278 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.4K $21.60/SF
− Vacancy
−$6.3K −$1.47/SF
EGI
$86.1K $20.13/SF
− OpEx
−$21.5K −$5.03/SF
NOI
$64.6K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,291,820
Cap Rate 7%
$922,729
Cap Rate 9%
$717,678
Alternative Uses
Best Use
Specialty Retail
$922.7K
$807.4K – $1.08M
NOI $64,591 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$657.6K
$575.4K – $767.2K
NOI $46,033 @ 7.0% cap · market cap 3.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
288k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Apparel 22%
Groceries 17%
Home Improvements & Furnishings 14%
The Home Depot
Home Improvements & Furnishings
40,407 visits/mo
0.3 miles
Aldi
Groceries
33,519 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
31,205 visits/mo
0.1 miles
PetSmart
Shops & Services
22,498 visits/mo
0.2 miles
Michaels
Shops & Services
21,803 visits/mo
0.1 miles
Demographics for 48307, MI
44,673
Population
19,493
Households
2.3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$105,118
Median Household Income
$61,528
Median Earnings
$1,499
Median Rent
$329,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Existing banking improvements include a drive-through, basement, on-site parking, and CB Community Business District zoning.
Where is this bank located?
The property is located at 1310 South Rochester Road Rochester, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Existing bank branch with drive‑through facilities; Basement space included; Traffic counts exceed 36,000 vehicles per day on South Rochester Road
