Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    311 University Dr Rochester, MI 48307

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4,350 SF Mixed-Use, Vacant

    Property size:
    4,350 SF

    Property Features for 311 University Dr

    General Information

    Property type
    Flex space
    Square Feet
    4,350 SF

    We can help!

    Listing Contact
    Raphael Roufail
    Raphael Roufail

    Listing Agency: Brookstone, Realtors LLC Listing Agent: Raphael Roufail

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,350-square-foot mixed-use property, located at 311 W University Dr in Rochester, Michigan (48307), presents a compelling investment opportunity. Currently vacant, this flex space offers immense potential for a variety of uses, catering to both retail and office tenants. The property is listed at $1,699,000 and is classified as industrial and mixed-use. The building's flexible layout allows for customization to suit diverse business needs. Its strategic location in Oakland County provides excellent access to major transportation routes and a thriving local economy. The property is offered on a triple net lease (NNN) basis, with a single tenant occupancy history. This presents a unique chance to acquire a versatile asset in a desirable Michigan location. The asking price reflects a competitive value within the current market. Detailed financial information and property specifics are available upon request. Serious inquiries are encouraged to explore the full potential of this investment opportunity. This is a multi-tenant property, currently vacant, and ready for immediate occupancy by a new owner. The property's size and location make it an attractive prospect for a range of businesses seeking a presence in the vibrant Rochester community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tide Cleaners (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1367511
    Latitude
    42.6818549

    Nearby Similar for Sale

    • Contact for pricing

      Spacious Condominium with Nature Views

      Three-bedroom condominium with finished basement and nature views.
      1946 White Birch Ct, Rochester, MI 48309
      View Details
    • Contact for pricing

      Modern Condo with Open Layout

      Sophisticated condo with three bedrooms, modern finishes, and gourmet kitchen.
      324 Strawberry, Rochester, MI 48307
      View Details
    • Contact for pricing

      Prime Retail Opportunity on Main

      High-visibility retail properties with drive-thru and pylon signage available.
      1660 E Main St, Rochester, MI 48306
      View Details
    • $564,900
      1,450 SF

      Rochester Industrial Space - Prime Location

      Established Tea House, High Foot Traffic, Downtown Rochester
      118 3Rd St, Rochester, MI 48307
      View Details
    • $160,000

      Rochester Hills Co-op Townhouse

      Well-maintained 2-bedroom co-op with community pool and clubhouse.
      902 Little Hill Ct, Rochester, MI 48307
      View Details
    • $5,990,000
      78,887 SF

      Dixie Hwy Warehouse - Oakland, MI

      78,887 SF Warehouse, Excellent Location
      10375 Dixie Hwy, Oakland, MI 48350
      View Details
    • $1,599,000
      4,350 SF

      Rochester Mixed-Use Investment Opportunity

      Prime Downtown Location, High Visibility, Flexible Space
      311 University Dr, Rochester, MI 48307
      View Details
    • $2,600,000
      49,804 SF

      704 Woodward Ave Warehouse

      Rochester, MI Warehouse - $2.6M
      704 Woodward Ave, Rochester, MI 48307
      View Details
    • $1,150,000

      Downtown Rochester Retail/Office/Residential Condo

      5336 Sq. Ft. mixed-use condo in prime Downtown Rochester.
      116 Terry Ave, Rochester, MI 48307
      View Details
    • $4,500,000
      3,537 SF

      Oakland Industrial Provisioning Center

      High-revenue, turnkey operation in Oakland, MI
      Undisclosed Address, Oakland, MI 48320
      View Details
    • $1,600,000
      4,350 SF

      Mixed-Use Retail and Office Space

      Recently constructed retail and office space near downtown Rochester, MI.
      311 W University Dr, Rochester, MI 48309
      View Details
    • $990,000

      Historic Swiss Cottage For Sale

      Historic property with redevelopment potential in Rochester, Michigan.
      428 East St, Rochester, MI 48307
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,350 SF Mixed-Use, Vacant
    Where is this flex space located?
    The property is located at 311 University Dr Rochester, MI.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: 4,350-square-foot mixed-use building at 311 W University Dr, Rochester, MI 48307.; Currently vacant, offering flexible space for retail or office use.; Listed at $1,699,000, classified as industrial and mixed-use.
    (586) 689-2211 Call to check price and availability
    Request Owner's contact information
    311 University Dr Rochester, MI 48307
    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.
    311 University Dr
    Rochester, MI 48307
    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
    311 University Dr Rochester, MI 48307
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Raphael Roufail
    Raphael Roufail
    Real Estate License ID: 6501438711
    (586) 689-2211 (248) 963-0505 (248) 218-0234
    Learn more
    Google sign-in failed. Please try again or use another login method.