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    884 Adams Rd Rochester Hills, MI 48309

    Sponsored
    For Sale
    $1,990,000

    10-Acre Development Site, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre parcel, located at 884 & 950 N Adams Rd in Rochester Hills, Michigan (Oakland County, zip code 48309), presents a remarkable multi-family residential development opportunity. The property, identified by APN 1508100005 & 1508100024, is zoned for multi-family residential use, offering significant potential for a variety of housing projects. Its strategic location boasts excellent traffic counts and proximity to highly regarded educational institutions, including Rochester Adams High School and Premier Academy, making it an attractive location for families. The asking price is $1,990,000. This represents a compelling redevelopment opportunity given the property's size and desirable location. The site's advantageous position ensures high visibility and accessibility. Note that the property consists of two individual 5-acre parcels sold together. Annual property taxes are $3,253.79. An adjacent 5-acre parcel may also be available for acquisition, presenting the possibility of an even larger development project. This prime location offers developers a chance to create a thriving residential community in a highly sought-after area. The coordinates are 42.69249654 latitude and -83.19451954 longitude.

    Property Features for 884 Adams Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $1,990,000 asking price for 10 acres of land zoned for multi‑family residential development.
    • Located in Rochester Hills, MI, at 884 & 950 N Adams Rd (APN: 1508100005 & 1508100024).
    • Excellent redevelopment opportunity near Rochester Adams High School and Premier Academy.
    • High traffic counts.
    • Adjacent 5‑acre parcel potentially available; current property taxes are $3,253.79.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.19451954
    Latitude
    42.69249654

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    FAQs

    What type of property is this?
    Land - 10-Acre Development Site, Prime Location
    Where is this land located?
    The property is located at 884 Adams Rd Rochester Hills, MI.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: $1,990,000 asking price for 10 acres of land zoned for multi-family residential development.; Located in Rochester Hills, MI, at 884 & 950 N Adams Rd (APN: 1508100005 & 1508100024).; Excellent redevelopment opportunity near Rochester Adams High School and Premier Academy.
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    Realmo Value Estimation

    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.

    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.

    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
    884 Adams Rd Rochester Hills, MI 48309
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