Freestanding Storefront
1600 Rochester Rd, Troy, MI 48083
For Sale
$1,495,000
The standalone property is configured for commercial retail use.
Property Size4,590 SF
Price / SF$325.71
Days on Market32
Property Features for 1600 Rochester Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Signature Associates - Southfield
Listed By:
Peter Vanderkaay · License MI #6501388318
(248) 359-3837
Source:
Cpix.resimplifi
Added: Oct 9
Changed: Nov 9
Last Checked: Oct 16 at 5:13AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 4,590-square-foot freestanding building is available for commercial retail use. The property is located at 1600 Rochester Road in Troy, Michigan.
Key Highlights
- 4,590‑square‑foot freestanding commercial retail building
- Located at 1600 Rochester Road in Troy, MI 48083
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,390
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
$987.8K
Cap Rate 7%
$705,571
$705.6K
Cap Rate 9%
$548,778
$548.8K
Market Conditions
NOI Build-Up for 4,590 SF
Gross rent
$77.1K $16.80/SF
− Vacancy
−$6.6K −$1.43/SF
EGI
$70.6K $15.37/SF
− OpEx
−$21.2K −$4.61/SF
NOI
$49.4K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
Cap Rate 7%
$705,571
Cap Rate 9%
$548,778
Alternative Uses
Best Use
Retail
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$990.0K
$866.3K – $1.16M
NOI $69,302 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 34%
Speedway
Shops & Services
13,925 visits/mo
0.1 miles
Restaurant Depot
Groceries
11,354 visits/mo
0.3 miles
Shell
Shops & Services
4,763 visits/mo
0.5 miles
Sunoco
Shops & Services
2,141 visits/mo
0.5 miles
Public Storage
Shops & Services
834 visits/mo
0.5 miles
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Oakland County, MI
Properties on Market for Storefront properties in Oakland County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The standalone property is configured for commercial retail use.
Where is this storefront property located?
The property is located at 1600 Rochester Rd Troy, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 4,590‑square‑foot freestanding commercial retail building; Located at 1600 Rochester Road in Troy, MI 48083
