Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    134 Main St Rochester, MI 48307

    • Individual retail properties
    • 3,240 SF
    • 0.21 lot acres
    For Sale
    View listing
    $800,000
    Last Sale
    Jun 08, 2025
    $625,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1493638
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Individual retail properties

    Property Details for 134 Main St

    Year built
    1970
    Lot size
    0.21 lot acres
    Property size
    3,240 SF
    Zone code
    BI
    Property type
    Individual retail properties
    APN
    68-15-14-151-003
    APU
    681514151003

    Description

    This exceptional 3,240 square foot industrial building is ideally situated in the heart of downtown Rochester, Michigan. Its prime location offers unparalleled visibility, being the second building north of the Clinton River Bridge on South Main Street. Constructed of solid brick, this property boasts a substantial full basement, providing ample storage or additional workspace. The 0.21-acre lot offers convenient access and potential for expansion. The building's versatile layout presents endless possibilities for a variety of businesses. Its strong construction and desirable location make it an attractive investment opportunity. The asking price is $800,000. Note that land contract terms are available for qualified buyers, offering a flexible financing option. This is a rare opportunity to acquire a well-built, highly visible industrial property in a thriving downtown area. Don't miss out on this chance to establish your business in a prime location with significant potential for growth and success. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1332
    Latitude
    42.6778
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,513
    $0.00
    $0.00
    $404,810
    -
    $0.00
    $0.00
    $809,620

    Comparable in this City

    • Value Estimation by Request
      4,190 SF

      1020 Main St

      DRY CLEANER • 4,190 SF
      1020 Main St, Rochester, MI 48307-1433
      View Details
    • Value Estimation by Request
      2,857 SF

      911 Main St

      BARBER, HAIR SALON • 2,857 SF
      911 Main St, Rochester, MI 48307-1436
      View Details
    • Value Estimation by Request
      2,835 SF

      480 2nd St

      GYM, HEALTH SPA • 2,835 SF
      480 2nd St, Rochester, MI 48307-2006
      View Details
    • Value Estimation by Request
      604 SF

      913 Main St

      BARBER, HAIR SALON • 604 SF
      913 Main St, Rochester, MI 48307-1436
      View Details
    • Value Estimation by Request
      1,325 SF

      308 Ee St

      BARBER, HAIR SALON • 1,325 SF
      308 Ee St, Rochester, MI 48307-2013
      View Details
    • Value Estimation by Request
      24,333 SF

      637 Main St

      GYM, HEALTH SPA • 24,333 SF
      637 Main St, Rochester, MI 48307-1488
      View Details

    Similar Nearby for Sale

    • $800,000

      Downtown Rochester Brick Building For Sale

      3200 SF brick building in downtown Rochester.
      134 S Main St, Rochester, MI 48307
      View Details
    • $579,900
      1,829 SF

      Downtown Rochester Mixed-Use Property

      Office/retail space with apartment in excellent downtown location.
      321 W University Dr, 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
    • $125,000

      Established Hair Salon for Sale

      Turnkey hair salon in Oakland County with updated equipment.
      S Undisclosed St, Rochester Hills, MI 48307
      View Details
    • $1,200,000

      Retail Investment Opportunity in Rochester

      Retail property for sale in Rochester, Michigan.
      406 S Main St, Rochester, MI 48307
      View Details
    • $564,900

      Downtown Rochester Tea House

      Beloved tea house in downtown Rochester, a local treasure.
      118 W 3Rd St, Rochester, MI 48307
      View Details

    Similar Nearby for Lease

    • $2,537 /Mo
      7,500 SF

      New Retail Space in Rochester Hills

      7,500 sq. ft. retail space for lease in Rochester Hills.
      1760 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • $2,698 /Mo
      7,500 SF

      New Retail Space in Rochester Hills

      7,500 sq. ft. retail space for lease in Brooklands District.
      1760 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • $2,804 /Mo
      7,500 SF

      New Retail Space in Rochester Hills

      7,500 sq ft retail space in a transforming district.
      1760 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • $25 SF/Yr
      1,600 SF

      Retail Space in Rochester Hills

      Premium retail space available in a dynamic retail corridor.
      224 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • Contact for pricing
      2,113 SF

      Retail Space in Rochester Hills

      Retail space available in a busy shopping center.
      2627-2783 South Rochester Rd, Rochester Hills, MI 48307
      View Details
    • $21 SF/Yr
      2,900 SF

      Retail Space in Rochester Hills

      2,900 SF retail space available for lease.
      1854 S Rochester Rd, Rochester Hills, MI 48307
      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.
    134 Main St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.