Property profile

321 2nd St Rochester, MI 48307

OFF-MARKET
Office buildings
Property ID
US43-0017966
17,853 SF 1.35 ac lot Built 2004
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 17,853 SF
Lot 1.35 ac (58,806 SF)
Zoning code BI
APN 68-15-14-107-015
UPID US43-0017966

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Telecommunications Service
  • Photography Service (Bike/Boat/Book/etc) Store
  • Accounting Firm
  • Accounting Software Company
  • (Bike/Boat/Book/etc) Store

Location

321 2nd St Rochester, MI 48307-6718
Rochester metro Census 191200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.98M
Blend (final) Blend
$2.71M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2017
Price N/A
2003
$837,000

Zoning & alternative use

BI · Rochester, MI
Top alternative use upside
Restaurant $3.1M +47.6%
Retail stores $3.0M +43.9%
Medical building $2.8M +34.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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