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Property profile & analytics
OFF-MARKET
Industrial land
340 Ml St, Rochester, MI 48307-2063
Entity Owned
~
Est. High Equity
Property ID
US43-0211173
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.59 ac (112,820 SF)
Zoning code
IV
APN
68-15-14-151-013
UPID
US43-0211173
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Rochester
City Of Rochester
since 2026
7 recorded transactions
Zoning & alternative use
IV · Rochester, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,885
Tax year 2023
Assessed value
$74,010
Assessed 2024
Previous assessed
$70,620
+4.8% YoY
Effective rate
3.90%
On assessed value
Total market value
$148,020
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.59 ac (112,820 SF)
Zoning code
IV
APN
68-15-14-151-013
UPID
US43-0211173
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IV · Rochester, MI
Zoning IV · permitted uses
IV · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
2.59 ac
Current owner
From public records · entity-resolved
City Of Rochester
Entity
Mailing address
3400 E LAFAYETTE ST, DETROIT, MI 48207-4962
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
City Of Rochester
Trident Milltown LLC
Quitclaim Deed
related
—
Jan 14, 2016
—
City Of Rochester
Bradley Associates INC
Warranty Deed
related
—
Dec 10, 2013
—
Trident Milltown LLC
Bradley Associates INC
Quit Claim Deed
related
—
Jul 26, 2005
—
Bradley Associates INC
Fibermark North America INC
Grant Deed
—
Jul 21, 2005
—
Bradley Associates INC
Fibermark North America INC
Quit Claim Deed
related
—
Apr 4, 2005
—
Rhumb Line LLC
—
Trustees Deed
related
$5,500,000 · Fifth Third Bank Eastern Mi
Feb 28, 2005
—
Bradley Associates INC
Mackie,alma
Quit Claim Deed
related
—
Feb 25, 2004
—
Fibermark North America INC
—
Deed Of Trust
related
$85,000,000 · General Electric Capital Tt
Jan 27, 2004
—
Norman Mackie
Shorter,graham J
Quit Claim Deed
related
—
Feb 26, 2003
—
Mackie,norman
Dryden,richard G
Trustees Deed
$2,355,000 · Wells Fargo Business Credit
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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