Rochester Mixed-Use Investment
For Sale
$1,450,000
311 W University Dr, Rochester, MI 48307
Mixed-use retail/office property in Rochester, MI, for sale.
Property Size4,350 SF
Price / SF$333.33
Days on Market195
Property Features for 311 W University Dr
General Information
Standard status
Active
Size
4,350 SF
Class
C
Property subtype
Office
Building Details
Building Size
4,350 SF
Year Built
2021
Listing Agency:
Thomas A. Duke Company
Listed By:
Andrew Battersby · License #6501384188
(248) 631-8085
Source:
Thomasduke
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 5 at 4:26PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
A mixed-use property suitable for retail and office purposes is available in Rochester, MI. Located at 311 W University Dr, this property offers a strategic location within a thriving area. The property has a size of 4350 square feet. This property presents a valuable asset with incredible possibilities.
Key Highlights
- Mixed‑use property suitable for both retail and office purposes
- Strategic location in Rochester, MI
- Investment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,808
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,160
$936.2K
Cap Rate 7%
$668,686
$668.7K
Cap Rate 9%
$520,089
$520.1K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$73.1K $16.80/SF
− Vacancy
−$6.2K −$1.43/SF
EGI
$66.9K $15.37/SF
− OpEx
−$20.1K −$4.61/SF
NOI
$46.8K $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%
$936,160
Cap Rate 7%
$668,686
Cap Rate 9%
$520,089
Alternative Uses
Best Use
Retail
$668.7K
$585.1K – $780.1K
NOI $46,808 @ 7.0% cap · market cap 3.23%
Second Best
Mixed Use
$629.2K
$550.6K – $734.1K
NOI $44,044 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$938.3K
$821.0K – $1.09M
NOI $65,678 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,081
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use retail/office property in Rochester, MI, for sale.
Where is this mixed-use property located?
The property is located at 311 W University Dr Rochester, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Mixed‑use property suitable for both retail and office purposes; Strategic location in Rochester, MI; Investment opportunity
