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    6601 Rochester Rd Rochester Hills, MI 48306
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    6601 Rochester Rd Rochester Hills, MI 48306

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    • Land
    • 9.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6601 Rochester Rd

    Lot size
    9.60 lot acres
    Property type
    Land

    Description

    This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in the thriving Rochester Hills, Michigan market. Located on the east side of Rochester Road, north of Tienken Road, this property boasts a highly desirable location with excellent visibility and accessibility. The zoning designation allows for a variety of commercial uses, including Office (O) and Flex Business (FB) developments. The permitted zoning also includes some residential allowances, offering flexibility for potential development plans. This expansive lot provides ample space for a wide range of projects, from large-scale commercial buildings to smaller, mixed-use developments. The asking price is $3,000,000. The property's address is 6601 N Rochester Rd, Rochester Hills, MI 48306, situated in Oakland County. Its precise coordinates are latitude 42.6993445 and longitude -83.1345356. Given its size, zoning, and location, this vacant land represents a significant opportunity for investors and developers seeking a prime location in a robust Michigan market. The property is ready for immediate development, offering a blank canvas for a visionary project. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rochester Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1345
    Latitude
    42.6993

    Comparable in this City

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      2.00 Acres

      Adams & Silverbell Rd

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    • Value Estimation
      $1,480,000
      5,935 SF

      330 Tienken Rd

      COMMERCIAL (GENERAL) • 5,935 SF
      330 Tienken Rd, Rochester Hills, MI 48306-4474
      View Details
    • Value Estimation
      $2,240,000
      5,108 SF

      70 Tienken Rd

      COMMERCIAL (GENERAL) • 5,108 SF
      70 Tienken Rd, Rochester Hills, MI 48306-4348
      View Details
    • Value Estimation
      $1,045,000
      7,108 SF

      210 Tienken Rd

      COMMERCIAL (GENERAL) • 7,108 SF
      210 Tienken Rd, Rochester Hills, MI 48306-4404
      View Details
    • Value Estimation by Request
      0.19 Acres

      176 Tienken Rd

      VACANT COMMERCIAL LAND • 0.19 Acres
      176 Tienken Rd, Rochester Hills, MI 48306-4532
      View Details
    • Value Estimation by Request
      0.34 Acres

      1740 Traceky

      VACANT COMMERCIAL LAND • 0.34 Acres
      1740 Traceky, Rochester Hills, MI 48306-3502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      9.6 Acres on Rochester Road

      Commercial land for sale on Rochester Road in Rochester Hills.
      6601 N Rochester Rd, Rochester Hills, MI 48306
      View Details
    • $399,900
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      Exclusive Oakland Township Estate Homesite

      2.2-acre estate homesite in a private Rochester cul-de-sac.
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      Rochester Road Land For Sale

      9.6 acres of land zoned for office and flex.
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    • $499,000
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      Residential Land in Rochester, MI

      3+ acre residential lot in Oakland TWP, near Rochester.
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    Similar Nearby for Lease

    • $19 SF/Yr
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      Country Creek Commons Retail Space

      Oakland Township retail center; high visibility, strong anchors.
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      1,800 SF

      Rochester Road Office Space

      Office space available for sublease with outside storage.
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      Retail Space on Main Street

      Retail spaces available at 1660 & 1700 E. Main Street.
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      Retail Space in Country Creeks

      Located at Adams & Silverbell Road in Oakland Township.
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    • $15 SF/Yr
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      Rochester Hills Office Space Available

      Office space available for lease in Rochester Hills, Michigan.
      6874 North Rochester Rd, Rochester Hills, MI 48306
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    • Contact for pricing

      Rochester Hills Specialty Property Available

      Specialty property for rent, near major hospitals and downtown.
      6700 North Rochester Rd, Rochester Hills, MI 48306
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    Rochester Hills, MI 48306
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    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
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