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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Industrial properties
1842 Rochester Industrial Dr, Rochester Hills, MI 48309-3337
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0702446
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
45,257 SF
Lot
7.25 ac (315,810 SF)
Zoning code
II
APN
70-15-21-476-051
UPID
US43-0702446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.66M
Owner & transaction history
George Koch Sons LLC · 1 yrs held
George Koch Sons LLC
since 2024
6 recorded transactions
Zoning & alternative use
II · Rochester Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.6M
+108.5%
Medical building
$7.1M
+95.0%
Auto repair, garage
$5.5M
+51.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,735,000
6.5%
$3,450,000
7%
$3,205,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,665,000
Current use
RETAIL STORES
$7,640,000
Change: +108% · Conversion: Moderate
MEDICAL BUILDING
$7,145,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,545,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$5,310,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,210,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$64,772
Tax year 2022
Assessed value
$1,933,570
Assessed 2022
Previous assessed
$1,933,570
+0.0% YoY
Effective rate
3.35%
On assessed value
Total market value
$3,867,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
PACKAGE
Stories
1
Total area
45,257 SF
Lot
7.25 ac (315,810 SF)
Zoning code
II
APN
70-15-21-476-051
UPID
US43-0702446
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Rochester Hills, MI
Zoning II · permitted uses
II · Rochester Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
RETAIL STORES
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
PACKAGE
Stories
1
Lot
7.25 ac
Current owner
From public records · entity-resolved
George Koch Sons LLC
Entity
Mailing address
16 SQUADRON BLVD, NEW CITY, NY 10956-5259
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
—
George Koch Sons LLC
Aic Tic A De LLC
Lease
—
Aug 31, 2022
$6,620,000
Aic Tic A De LLC
Aic Income Fund Rochester Industria
Deed
$59,900,000 · 3650 Real Estate Investment Trust 2
Sep 12, 2014
—
Income Fund Rochester Indi Aic
Bgb Properties LLC
Grant Deed
—
Jul 26, 2004
$3,200,000
Bgb Properties LLC
Troy Realty Ltd LLC
Warranty Deed
—
Jul 26, 2004
—
Comerica Bank
Bgb Properties
Grant Deed
related
—
—
—
Bgc Properties LLC
—
Deed Of Trust
related
$3,200,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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