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    Property profile & analytics

    1400 Rochester Rd Leonard, MI 48367-3555

    • Retail space
    • 5,031 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 16, 2023
    Location Intelligence
    Property ID
    US43-1502322
    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

    • Addison Township Public Library / Public Library

    Property Details for 1400 Rochester Rd

    Year built
    1987
    Lot size
    0.95 lot acres
    Property size
    5,031 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    A -05-27-403-001
    APU
    A0527403001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1471
    Latitude
    42.8211
    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
    $7,372
    $0.00
    $0.00
    $153,190
    -
    $0.00
    $0.00
    $306,380

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      357 Rochester Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      357 Rochester Rd, Leonard, MI 48367-4249
      View Details
    • Value Estimation by Request
      10,400 SF

      713 Rochester Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,400 SF
      713 Rochester Rd, Leonard, MI 48367-4258
      View Details
    • Value Estimation by Request
      2,346 SF

      4 Elmwood

      GROCERY, SUPERMARKET • 2,346 SF
      4 Elmwood, Leonard, MI 48367-1700
      View Details
    • Value Estimation by Request
      2,284 SF

      31 Elmwood

      GROCERY, SUPERMARKET • 2,284 SF
      31 Elmwood, Leonard, MI 48367-1803
      View Details
    • Value Estimation by Request
      6,600 SF

      20 Rochester Rd

      GROCERY, SUPERMARKET • 6,600 SF
      20 Rochester Rd, Leonard, MI 48367-4243
      View Details
    • Value Estimation by Request
      2,640 SF

      3 Elmwood

      BARBER, HAIR SALON • 2,640 SF
      3 Elmwood, Leonard, MI 48367-1803
      View Details

    Similar Nearby for Sale

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    • $320,000

      Private Lakefront Land Parcel

      Land parcel with lake access and mature hardwoods.
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      Commercial Land For Sale

      Commercial land available for sale.
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    • $690,000
      60.00 Acres

      60 Acres of Farmland

      60-acre farm with rolling terrain, pond, and spring-fed creek.
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    • $159,900

      Vacant Commercial Parcel on Rochester

      4.36-acre commercial land with high visibility and business zoning.
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    1400 Rochester Rd
    Leonard, MI 48367-3555
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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
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