Property profile

1000 University Dr Rochester, MI 48307

OFF-MARKET
Medical Office Space
Property ID
US43-0064768
36,195 SF 2.3 ac lot Built 1971
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

University Trails, located at 1000 W University Dr in Rochester Hills, MI 48307, offers exceptional medical office space for lease. This Class B building totals 13,597 square feet and currently has 10,186 square feet available. The property is ideally suited for multiple tenants, with flexible space options ranging from a minimum of 1,336 square feet to a maximum contiguous space of 6,533 square feet. Four individual suites are currently available, providing ample opportunity for various medical practices or professional services. The building's convenient location in Rochester Hills offers easy access for patients and staff alike. The property is categorized as both Medical Office and Professional Office, making it versatile and suitable for a range of healthcare and professional businesses. Interested parties are encouraged to inquire about lease terms and availability for these well-situated and adaptable medical office spaces. The building's address is easily accessible via major roadways, ensuring convenient commutes for both employees and clients. The available space presents a unique opportunity to establish or expand a medical practice in a thriving community. The flexible layout allows for customization to meet the specific needs of various medical specialties. Don't miss this chance to secure prime medical office space in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1971
Total area 36,195 SF
Lot 2.3 ac (100,188 SF)
Zoning code BI
APN 68-15-10-376-006
UPID US43-0064768

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

1000 University Dr Rochester, MI 48307-1873
Rochester metro Census 191100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.32M
Blend (final) Blend
$5.98M

Owner & transaction history

since 2020
7 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2012
Price N/A
2010
Price N/A
2007
$150,000
2006
$5.5M

Zoning & alternative use

BI · Rochester, MI
Top alternative use upside
Restaurant $6.3M +9.7%
Retail stores $6.1M +6.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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