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Property profile & analytics
OFF-MARKET
Office buildings
510 University Dr, Rochester, MI 48307-1939
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1860766
Property summary
AI-generated overview
This exceptional 0.18-acre commercial lot, located at 510 W University Dr in Rochester, Michigan (Oakland County, zip code 48309), presents a remarkable investment opportunity. Currently zoned for commercial and office use (APN 1510455018), this property is situated in the heart of Rochester, offering unparalleled access to the city's vibrant downtown area. The lot is currently improved with an existing house, providing flexibility for buyers to either renovate or demolish and construct a new commercial building. This prime location offers proximity to Rochester's popular attractions and amenities, making it an attractive site for a variety of commercial ventures. Potential buyers are advised to independently verify all building requirements and zoning regulations with the city of Rochester before commencing any development plans. The asking price for this exceptional property is $469,900. Don't miss this chance to acquire a piece of Rochester's thriving commercial landscape. Act quickly to secure this highly desirable location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1901
Total area
1,268 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BI
APN
68-15-10-455-018
UPID
US43-1860766
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
-
Springview Realty Real Estate Agency
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
Z Square Real Estate LLC · 3 yrs held
Z Square Real Estate LLC
since 2023
Last sale
$335,000
4 recorded transactions
Zoning & alternative use
BI · 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
$4,469
Tax year 2023
Assessed value
$155,790
Assessed 2024
Previous assessed
$145,450
+7.1% YoY
Effective rate
2.87%
On assessed value
Total market value
$311,580
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1901
Heating
FORCED AIR
Buildings
2
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
1,268 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BI
APN
68-15-10-455-018
UPID
US43-1860766
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.
Building & site characteristics
From public records
Year built
1901
Heating
FORCED AIR
Stories
1
Buildings
2
Units
1
Rooms
7
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Z Square Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4025 FAIRLANE DR, BLOOMFIELD HILLS, MI 48301-3126
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$335,000
Z Square Real Estate LLC
Young Property Development LLC
Warranty Deed
—
Feb 24, 2022
—
Young Property Development LLC
Gregory Scott Young
Intrafamily Transfer
related
—
Feb 8, 2019
—
Gregory S Young
Young,ruth
Quit Claim Deed
related
—
Nov 7, 2006
—
Gregory Young
Martin,roscoe R
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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