Listing Agency: CBRE | Detroit

Listed By: Matthew Croswell Show Phone

Source: Cbre

Added: Sep 9 Changed: Oct 27 Last Checked: Oct 28 at 4:58AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$64,591

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,291,820 $1.3M

Cap Rate 7%

$922,729 $922.7K

Cap Rate 9%

$717,678 $717.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,278 SF

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 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 (±1% cap)

NOI $64,591 @ 7.0% cap · market cap 4.97%

Second Best

Retail

$657.6K

$575.4K – $767.2K (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Current Use

Bank of America ATM ... Atm

Suggested Use

Top Pick Real Estate Agency Electrical Service Storage Facility Law Firm Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Retail Building with Road Frontage

3756 S ROCHESTER RD, Rochester, MI 48306

Contact for pricing

5,409 SF

View details

Rochester Mixed-Use Investment Opportunity

311 W University Dr, Rochester, MI 48307

$1,450,000

4,350 SF

View details

Updated Two-Story Office Building

127 W University Dr, Rochester, MI 48307

$1,650,000

3,391 SF

View details

Multifamily Property

329 1st St, Rochester, MI 48307

$599,900

1,106 SF

View details

Updated Side-by-Side Duplex

141 Ferndale, Rochester, MI 48307

$439,900

1,050 SF

View details

Industrial Warehouse with Outside Storage

2700 Product Dr, Rochester, MI 48309

Contact for pricing

94,433 SF

View details

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