Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Building on 1.45 Acres Title is generated by Realmo AI

    885 N Rochester Rd, Clawson, MI

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Well-maintained industrial building with ample parking and heavy power.

    Type:INDUSTRIAL
    Property size:
    19,140 SF
    Lot size:
    2.09 Acres
    Price / SF:
    $114/SF
    Added:
    Apr 1, 2025
    Days on Market:
    432
    Last Refresh:
    May 19 at 9:13 pm

    Property Features for 885 N Rochester Rd

    General Information

    Standard status
    Active
    Size
    19,140 SF
    Lot size
    2.09 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Robert Mihelich

    Listing agent Robert Mihelich License #6501237599

    Listing office JLL | Detroit

    Listing date Apr 1, 2025

    Source Moodyscre

    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 JLL | Detroit

    HighLights

    • Rare 1.45 acre lot
    • Abundant parking with 65 spaces
    • Heavy 3‑phase power
    • Full A/C in shop and offices
    • Great owner user opportunity
    • Well maintained industrial building

    Overview

    This well-maintained industrial building offers a single-tenant opportunity. The property features abundant parking with 65 spaces. The shop and offices are fully air-conditioned. It includes one grade-level door. The building was remodeled in 2010. Situated on a 1.45-acre lot, the property also features heavy 3-phase power. The building has 19,140 square feet of space.

    Local Financial Insights For Warehouse

    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 $140.7k $7.35
    − Vacancy −$5.2k −$0.27
    EGI $135.5k $7.08
    − OpEx −$20.3k −$1.06
    NOI $115.2k $6.02
    19,140 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,153 @ 7.0% cap · market cap 5.23%
    Second Best
    Industrial
    $1.35M
    $1.19M – $1.58M (±1% cap)
    NOI $94,832 @ 7.0% cap · market cap 4.31%
    Theoretical Best
    Specialty Retail
    $4.13M
    $3.61M – $4.82M (±1% cap)
    NOI $288,983 @ 7.0% cap · market cap 13.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Elmwood Garage Classic Car Storage — 671 E Elmwood Ave, Troy, MI 48083
    • Snell Self Storage — 1227 Rochester Rd, Troy, MI 48083

    Location Insight

    • Map
    • Local Demand
    City
    Clawson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1348
    Latitude
    42.5408

    Nearby Similar for Sale

    • $590,000
      1,600 SF

      Stand-Alone Office Building in Clawson

      Meticulously maintained office building with functional workspace and prime location.
      907 W 14 Mile Rd, Clawson, MI 48017
      View Details
    • $1,200,000
      75,794 SF

      Two-Level Church Facility with Elevator

      Church building on 1.74 acres with seating for up to 250, reception and classrooms, elevator access, and a commercial kitchen.
      340 N Main Street, Clawson, MI 48017
      View Details
    • $4,249,000
      1,200 SF

      Turnkey Clawson Multifamily Investment

      Well-maintained 25-unit apartment complex with upside potential.
      629 W Maple Rd, Clawson, MI 48017
      View Details
    • $500,000
      2,979 SF

      Freestanding Multifamily Building

      Freestanding multifamily property with street visibility, on-site parking, and income-producing apartments.
      721 S Main St, Clawson, MI 48017
      View Details
    • $1,635,225
      2,444 SF

      Recently Renovated Restaurant Opportunity

      Recently renovated restaurant with long-term tenant commitment.
      1421 N Main St, Clawson, MI 48017
      View Details
    • $460,000
      1,805 SF

      Clawson Office Unit For Sale

      Office unit for sale in Clawson, Michigan. 1,805 square feet.
      59 Florence St, Clawson, MI 48017
      View Details
    • $13
      13,833 SF

      Medical Suite on 14 Mile

      Move-in ready medical suite with monument signage available.
      555 W. 14 Mile Road, Clawson, MI 48017
      View Details
    • $59,999

      Liquor License Available in County

      Class C liquor license available for bars and restaurants.
      000 Main St., Clawson, MI 48706
      View Details

    FAQs

    What type of property is this?
    Warehouse - Well-maintained industrial building with ample parking and heavy power.
    Where is this warehouse located?
    The property is located at 885 N Rochester Rd Clawson, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Rare 1.45 acre lot; Abundant parking with 65 spaces; Heavy 3‑phase power
    (248) 581-3300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Mihelich
    Real Estate License ID: 6501237599
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    885 N Rochester Rd, Clawson, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!