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Property profile & analytics
OFF-MARKET
Estimated value
$9,905,000
Warehouses
52999 Dequindre Rd, Rochester Hills, MI 48307-2324
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0425068
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
114,450 SF
Lot
12.87 ac (560,617 SF)
Zoning code
BI
APN
68-15-13-226-002
UPID
US43-0425068
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
$10.98M
Blend (final)
Blend
$9.91M
Owner & transaction history
Suburban Properties Rochester LLC · 10 yrs held
Suburban Properties Rochester LLC
since 2016
4 recorded transactions
Zoning & alternative use
BI · Rochester Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.0M
+60.5%
Office building
$13.4M
+53.6%
Neighborhood: shopping center
$10.7M
+21.9%
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 Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester Hills 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,740,000
Current use
AUTO REPAIR, GARAGE
$14,030,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$13,425,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,650,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$9.91M
Range $8.91M – $10.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
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
$142,418
Tax year 2023
Assessed value
$3,844,610
Assessed 2024
Previous assessed
$3,643,830
+5.5% YoY
Effective rate
3.70%
On assessed value
Total market value
$7,689,220
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
114,450 SF
Lot
12.87 ac (560,617 SF)
Zoning code
BI
APN
68-15-13-226-002
UPID
US43-0425068
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Rochester Hills, MI
Zoning BI · permitted uses
BI · Rochester Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$14.0M
OFFICE BUILDING
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
12.87 ac
Current owner
From public records · entity-resolved
Suburban Properties Rochester LLC
Entity
Free & Clear · 10 yrs held
Mailing address
23995 FWY PARK DR, FARMINGTON HILLS, MI 48335-2829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 11, 2018
—
Suburban Prop Rochester LLC
—
Loan Modification
related
$9,061,000 · Huntington Nat'l Bk
Mar 3, 2016
$7,610,000
Suburban Properties Rochester LLC
Rjn Ventures Skating Center Real Es
Warranty Deed
—
Sep 24, 1999
—
Oakland County Board Road Comm
Rjn Ventures Skating Center Re
Quit Claim Deed
related
—
Jan 12, 1999
—
Rjn Ventures Skating Center Re
Letica Developement INC
Grant Deed
related
—
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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