Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5047 Rochester Rd Troy, MI 48085
    Back to Search
    Property profile & analytics

    5047 Rochester Rd, Troy, MI 48085

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5047 Rochester Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2,200 square foot medical office space is available for lease at Meadowbrook Plaza, located on the northwest corner of Rochester Road and Long Lake Road in Oakland County. The property boasts a strong tenant mix, including established businesses such as Metro Carpet & Floors, Patel Brothers Grocery, and Flagstar Bank, ensuring high visibility and foot traffic. This single-tenant space is perfect for a medical practice seeking a well-established location with excellent accessibility. The plaza is under new management and ownership, signifying a commitment to ongoing improvements and a positive tenant experience. In addition to the 2,200 square foot interior space, there's also an available 1,800 square foot outlot facing Rochester Road, offering further expansion or branding opportunities. The property's strategic location at a major intersection provides convenient access for patients and staff. This is an excellent opportunity to establish or relocate your medical practice in a thriving commercial center. Contact us today to learn more about leasing options and pricing. The property is classified as Retail and Office, with a specific subtype of Medical Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1297
    Latitude
    42.5927

    Comparable in this City

    • Value Estimation by Request
      11,100 SF

      6915 Rochester Rd And 89 Blvd

      Medical Office Space
      6915 Rochester Rd And 89 Blvd, Troy, MI 48085
      View Details
    • Value Estimation by Request
      6,922 SF

      990 South Blvd

      Office Spaces
      990 South Blvd, Troy, MI 48085
      View Details
    • Value Estimation by Request

      5060 Rochester Rd

      Neighborhood centers
      5060 Rochester Rd, Troy, MI 48085
      View Details
    • Value Estimation by Request

      89 Long Lake Rd

      Retail properties & Spaces
      89 Long Lake Rd, Troy, MI 48085
      View Details
    • Value Estimation by Request
      23,348 SF

      4052 Rochester Rd

      Retail properties & Spaces
      4052 Rochester Rd, Troy, MI 48085
      View Details
    • Value Estimation by Request

      4337 Bennett Park Cir11-35

      VACANT COMMERCIAL LAND
      4337 Bennett Park Cir11-35, Troy, MI 48085-5729
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Colonial Style Building on Rochester

      Newer construction building with private entrances and prominent signage.
      6535-6585 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      11,100 SF

      Highly Visible Troy Office Building

      Office building with high visibility and convenient regional access.
      6915 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing

      Office Property on Rochester Road

      Office suites with direct entry, landscaping, and convenient parking.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing

      Troy Land For Sale

      Land available in Troy, MI, near Beaumont Hospital.
      43109 Dequindre Rd, Troy, MI 48085
      View Details
    • New
      $189,900
      0.55 Acres

      Vacant Land in Troy

      Corner lot near Downtown Rochester and highways.
      Waldo, Troy, MI 48085
      View Details
    • $495,000
      1.02 Acres

      Prime Commercial Land in Troy

      1.014-acre commercial lot with high visibility in Troy, MI.
      92 E Wattles Rd, Troy, MI 48085
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Building For Lease

      13,600 sq ft medical office building available for lease.
      1950 E Wattles Rd, Troy, MI 48085
      View Details
    • Contact for pricing

      Furnished Dental Suite Available

      Furnished dental suite for rent with existing dental equipment.
      4893-4897 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      2,652 SF

      Troy Office Space Available

      Office space available for lease in Troy, Michigan.
      6535 Rochester Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      1,166 SF

      Affordable Retail Space in Troy

      High-traffic retail space with renovated facade and new pylon sign.
      1977 E Wattles Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      5,156 SF

      5,156 SF Retail Space

      Retail space available for rent.
      4052 Rochester Rd, Troy, MI 48085
      View Details
    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.
    5047 Rochester Rd
    Troy, MI 48085
    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
    5047 Rochester Rd, Troy, MI, 48085
    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!