Turnkey Modern Restaurant with
For Sale
$3,400,000
4924 Rochester Rd, Troy, MI 48085
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 Market151
Property Features for 4924 Rochester Rd
General Information
Standard status
Active
Size
7,118 SF
Class
C
Total Parking Spaces
102
Lot size
1.37 Acres
Property subtype
Retail
Site & Location
Traffic Count
50,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
7,118 SF
Year Built
1965
Year Renovated
2016
Listing Agency:
Thomas A. Duke Company
Listed By:
Dave Tesch · License #6501378844
(248) 479-0126
Source:
Thomasduke
Added: Jun 2
Changed: Oct 26
Last Checked: Oct 28 at 7:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,470
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,149,400
$2.1M
Cap Rate 7%
$1,535,286
$1.5M
Cap Rate 9%
$1,194,111
$1.2M
Market Conditions
NOI Build-Up for 7,118 SF
Gross rent
$153.7K $21.60/SF
− Vacancy
−$10.5K −$1.47/SF
EGI
$143.3K $20.13/SF
− OpEx
−$35.8K −$5.03/SF
NOI
$107.5K $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%
$2,149,400
Cap Rate 7%
$1,535,286
Cap Rate 9%
$1,194,111
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 42%
Groceries 13%
McDonald's
Dining
22,422 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
15,127 visits/mo
0.1 miles
Patel Brothers
Groceries
10,608 visits/mo
0.3 miles
Chase Bank
Shops & Services
6,783 visits/mo
0.1 miles
Sunoco
Shops & Services
6,361 visits/mo
0.2 miles
Demographics for 48085, MI
26,507
Population
9,330
Households
2.8
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,850
Density / Sq Mi
$144,146
Median Household Income
$65,370
Median Earnings
$2,213
Median Rent
$395,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
