Corner Retail
For Sale
$800,000
527 N Rochester Rd, Clawson, MI 48017
RM-1-zoned property with a flexible layout suitable for shared occupancy and retail, service, or office use.
Property Size4,000 SF
Price / SF$200
Days on Market13
Property Features for 527 N Rochester Rd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Zoning
RM-1
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Building Size
4,000 SF
Listing Agency:
Colliers
(248) 226-1637
Listed By:
Sean Jamian
(248) 226-1637
Source:
Cpix.resimplifi
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 31 at 12:47PM
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 Colliers
Investment Insights
Based on property information with market context.
This 4,000-square-foot storefront occupies a corner parcel along Rochester Road in Clawson. The building is positioned for retail, service, or office operations and may support a multi-tenant arrangement, allowing occupancy to be organized among separate users. Its corner placement and approximately 104 feet of Rochester Road frontage provide prominent street presence.
The property is near I-75, connecting the site with local customers and regional commuters across Metro Detroit. The surrounding setting includes established retail businesses and residential neighborhoods, contributing to an active commercial environment. Zoning is RM-1.
The property is near I-75, connecting the site with local customers and regional commuters across Metro Detroit. The surrounding setting includes established retail businesses and residential neighborhoods, contributing to an active commercial environment. Zoning is RM-1.
Key Highlights
- 4,000 SF retail building on a corner lot
- Approximately 104 feet of frontage along Rochester Road
- Near I‑75 with connectivity across Metro Detroit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,840
$860.8K
Cap Rate 7%
$614,886
$614.9K
Cap Rate 9%
$478,244
$478.2K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$67.2K $16.80/SF
− Vacancy
−$5.7K −$1.43/SF
EGI
$61.5K $15.37/SF
− OpEx
−$18.4K −$4.61/SF
NOI
$43.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,840
Cap Rate 7%
$614,886
Cap Rate 9%
$478,244
Alternative Uses
Best Use
Retail
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$862.8K
$754.9K – $1.01M
NOI $60,394 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Sunoco
Shops & Services
8,555 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,739 visits/mo
0.3 miles
BP
Shops & Services
4,200 visits/mo
0.4 miles
Tubby's
Dining
3,978 visits/mo
0.4 miles
SUBWAY
Dining
1,607 visits/mo
0.4 miles
Demographics for 48017, MI
11,353
Population
5,827
Households
1.9
Avg Household Size
39
Median Age
44%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,160
Density / Sq Mi
$86,935
Median Household Income
$62,650
Median Earnings
$1,255
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - RM-1-zoned property with a flexible layout suitable for shared occupancy and retail, service, or office use.
Where is this storefront property located?
The property is located at 527 N Rochester Rd Clawson, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,000 SF retail building on a corner lot; Approximately 104 feet of frontage along Rochester Road; Near I‑75 with connectivity across Metro Detroit
