Property profile

380 2nd St Rochester, MI 48307

OFF-MARKET
Warehouses
Property ID
US43-1807482
10,384 SF 1.81 ac lot Built 1970
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Total area 10,384 SF
Lot 1.81 ac (78,844 SF)
Zoning code ME
APN 68-15-14-128-001
UPID US43-1807482

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
  • Family Recreation Center

Location

380 2nd St Rochester, MI 48307-2004
Rochester metro Census 191200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$903k
Blend (final) Blend
$310k

Owner & transaction history

since 2014
3 recorded transactions
2020
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

ME · Rochester, MI
Top alternative use upside
Auto repair, garage $1.3M +60.5%
Office building $1.2M +53.6%
Neighborhood: shopping center $965,000 +21.9%

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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