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Property profile & analytics
OFF-MARKET
Estimated value
$3,860,000
Industrial properties
2960 Technology Dr, Rochester Hills, MI 48309-3588
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-5275182
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
41,706 SF
Lot
3.83 ac (166,835 SF)
Zoning code
II
APN
70-15-30-476-016
UPID
US43-5275182
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
$3.18M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.86M
Owner & transaction history
Store Master Funding Xxiv LLC · 4 yrs held
Store Master Funding Xxiv LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
II · Rochester Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+51.4%
Office building
$4.9M
+44.9%
Neighborhood: shopping center
$3.9M
+14.9%
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
$4,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,445,000
6.5%
$3,180,000
7%
$2,950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,375,000
Current use
AUTO REPAIR, GARAGE
$5,110,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$4,890,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,880,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$3.86M
Range $3.47M – $4.25M · ±10% · vs last sale $4.15M (Mar 9 2022)
Last sale anchor
$4.15M
Mar 9 2022
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
$93 / 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
$52,413
Tax year 2022
Assessed value
$1,247,660
Assessed 2022
Previous assessed
$1,247,660
+0.0% YoY
Effective rate
4.20%
On assessed value
Total market value
$2,495,320
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
1987
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
41,706 SF
Lot
3.83 ac (166,835 SF)
Zoning code
II
APN
70-15-30-476-016
UPID
US43-5275182
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
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
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
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxiv LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$4,150,000
Store Master Funding Xxiv LLC
Die Holdings Property LLC
Warranty Deed
—
Mar 9, 2022
—
Bernal LLC
Store Master Funding Xx1v LLC
Lease
—
Aug 25, 2017
—
Die Holdings Property LLC
Bernal LLC
Quit Claim Deed
$17,500,000 · Mercantile Bk/mi
Jul 22, 2013
—
Bernal LLC
North American Cerutti Corp
Quit Claim Deed
related
—
Mar 22, 2003
—
Nshe Albion LLC
Technology Drive LLC
Grant Deed
$354,000 · Metrobank
Mar 14, 2003
—
North American Cerutti Corp
Nshe Albion LLC
Quit Claim Deed
related
$2,895,870 · North American Cerutti Corp
Apr 10, 2001
—
Technology Drive LLC
First Industrial LP
Grant Deed
$2,160,000 · Commercial Bank
Mar 2, 1998
—
Industrial LP First
First Industrial Financing LP
Quit Claim Deed
related
—
—
—
North,american C
—
Deed Of Trust
related
$2,000,000 · Sanpaolo Imi S P A
—
—
Die Holdings Property LLC
—
Deed Of Trust
related
$450,000 · Mercantile Bk/mi
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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