OFF-MARKET
Commercial real estate
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Individually Owned Property summary
AI-generated overview
Century Plaza offers exceptional retail, office, and restaurant opportunities in a prime Rochester Road location. This Class A, 34,870 square foot shopping center underwent a complete renovation in 2023, boasting multiple points of ingress and egress for optimal customer convenience. Four spaces are currently available, ranging from 1,200 to 5,740 contiguous square feet, with a total of 9,460 square feet of vacant space. The center benefits from high visibility and traffic, with over 50,000 cars passing daily. A multi-panel monument sign on Rochester Road provides excellent branding opportunities. Ample parking is available with 155 spaces. The strong demographics of the area, featuring 88,119 people within a 3-mile radius and an average household income of $120,411, make this an ideal location for businesses seeking high-traffic exposure and a lucrative customer base. Rochester Road's recent widening and improvement projects further enhance accessibility and visibility. A former restaurant space is also available. This is a unique opportunity to establish a presence in a thriving, well-maintained shopping center. Minimum divisible space is 1,200 square feet.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
35,125 SF
Lot
3.69 ac (160,736 SF)
Zoning code
B-3
APN
88-20-23-156-003
UPID
US43-0611038
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
-
Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$6.89M
Owner & transaction history
since 2004
2 recorded transactions
Zoning & alternative use
B-3 · Troy, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.89M
Value range
$6.20M – $7.58M
±10% around blend
Estimated value / SF
$196 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$6.20M
blend $6.89M
$7.58M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,125 SF
Lot area
3.69 ac
Year built
1980
Stories
1
APN
88-20-23-156-003
Assessed value
$2,385,680
Annual tax
$64,682
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$171k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.0 mi away · 40,800 SF
9.2 mi away · 37,308 SF
17.6 mi away · 44,438 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.89M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 51 sales
$179
+9%
Submarket 71 sales
$183
+7%
County 344 sales
$176
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $196/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.39M
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$150k
$3.01M
$2.15M
$1.67M
$167k
$3.34M
$2.39M
$1.86M
$184k
$3.67M
$2.62M
$2.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$429k
9.0 mi · Sep 2025 · $11/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$64,682
Tax year 2022
Assessed value
$2,385,680
Assessed 2022
Previous assessed
$2,385,680
+0.0% YoY
Effective rate
2.71%
On assessed value
Total market value
$4,771,360
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
35,125 SF
Lot
3.69 ac (160,736 SF)
Zoning code
B-3
APN
88-20-23-156-003
UPID
US43-0611038
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Troy, MIZoning B-3 · permitted uses
B-3 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Troy, MI
Recorded code
B-3
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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