Turnkey Modern Restaurant with
4924 Rochester Rd Troy, MI 48085
4924 Rochester Rd, Troy, MI, 48085
$3,400,000
For Sale
$3,400,000
Modern 7,118 SF restaurant rebuilt in 2016 on 1.37 acres with 102 on-site parking spaces and 145' frontage on Rochester Rd.
Property Size7,118 SF
Lot Size1.37 Acres
Price / SF$477.66
Days on Market50
Property Features for 4924 Rochester Rd
General Information
- Standard status
- Active
- Size
- 7,118 SF
- Lot size
- 1.37 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
Thomas A. Duke Company
(248) 479-0126
Listed by
Dave Tesch
Source
Thomasduke
Added: Jun 2 Updated: Jul 21 at 4:46AM Checked: Jul 21 at 4:46AM
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.
This property provides a turnkey, modern restaurant space totaling 7,118 square feet, situated on approximately 1.37 acres. The building was fully reconstructed in 2016, rebuilt from a previous structure with one wall remaining. The site includes 102 on-site parking spaces and is built to support a high-volume restaurant and bar use.
The restaurant is located on Rochester Road with approximately 50,000 vehicles per day and 145' of frontage, providing strong visibility and easy customer access from a heavily traveled commercial corridor in Troy.
A strong fit for operators seeking a ready-to-use restaurant concept, the layout and improvements reflect contemporary finishes and a dining/entertainment orientation as described in the redevelopment history.
The restaurant is located on Rochester Road with approximately 50,000 vehicles per day and 145' of frontage, providing strong visibility and easy customer access from a heavily traveled commercial corridor in Troy.
A strong fit for operators seeking a ready-to-use restaurant concept, the layout and improvements reflect contemporary finishes and a dining/entertainment orientation as described in the redevelopment history.
Key Highlights
- 7,118 SF modern restaurant space rebuilt in 2016 (torn down to one wall and reconstructed minus one wall)
- Situated on approximately 1.37 acres in Troy’s commercial district
- 102 on‑site parking spaces for customer convenience
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.7k | $21.60 |
| − Vacancy | −$10.5k | −$1.47 |
| EGI | $143.3k | $20.13 |
| − OpEx | −$35.8k | −$5.03 |
| NOI | $107.5k | $15.10 |
7,118 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,470 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NeeHee's (Troy, Michigan)
Restaurant
Electric Vehicle Charging ...
Electric Vehicle Charging Station
Excalibur Garage Door ...
Building Supply
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FAQs
What type of property is this?
Conventional restaurant - Modern 7,118 SF restaurant rebuilt in 2016 on 1.37 acres with 102 on-site parking spaces and 145' frontage on Rochester Rd.
Where is this conventional restaurant located?
The property is located at 4924 Rochester Rd Troy, MI.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 7,118 SF modern restaurant space rebuilt in 2016 (torn down to one wall and reconstructed minus one wall); Situated on approximately 1.37 acres in Troy’s commercial district; 102 on‑site parking spaces for customer convenience
