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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Medical Office Space
303 University Dr, Rochester, MI 48307-1942
Entity Owned
Free & Clear
Property ID
US43-1147032
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1900
Total area
2,865 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BI
APN
68-15-15-226-008
UPID
US43-1147032
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
Current use
Occupant on record · Public records
-
Clinical Dental Lab Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$745k
Owner & transaction history
303 East University LLC
303 East University LLC
since 2026
7 recorded transactions
Zoning & alternative use
BI · Rochester, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+88.5%
Retail stores
$485,000
+6.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester 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
$1,010,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$450,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +88% · Conversion: Easy
RETAIL STORES
$485,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$260 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,743
Tax year 2023
Assessed value
$349,210
Assessed 2024
Previous assessed
$325,360
+7.3% YoY
Effective rate
3.08%
On assessed value
Total market value
$698,420
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
6
Stories
1
Units
1
Total area
2,865 SF
Lot
0.25 ac (10,890 SF)
Zoning code
BI
APN
68-15-15-226-008
UPID
US43-1147032
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Rochester, MI
Zoning BI · permitted uses
BI · Rochester, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1900
Heating
HOT WATER
Stories
1
Buildings
6
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
303 East University LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4605 VLY VW PT, ROCHESTER, MI 48306-1746
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
303 East University LLC
Moceri Elevate LLC
Quitclaim Deed
related
—
Feb 3, 2026
—
Cbw Properties LLC
—
Deed
related
$851,372 · Us Bank NA
Nov 7, 2025
—
Moceri Elevate LLC
Rochester Elevator INC
Warranty Deed
—
Jul 8, 2024
$1,008,000
Cbw Properties LLC
435 Pine Street LLC
Warranty Deed
$855,792 · Pnc Bank NA
Nov 3, 2022
—
Moceri Elevate LLC
Rochester Elevator INC
Deed
—
Jun 30, 2022
—
Rochester Elevator INC
R F Development LLC
Quitclaim Deed
related
—
Sep 16, 2011
—
435 Pine Street LLC
Tyler Management Co LLC
Warranty Deed
—
—
—
Brian Tyler
—
Deed Of Trust
related
$183,000 · National City Bank Michigan/il
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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