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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6952 John R Rd Troy, MI 48085-1018

    • Commercial real estate
    • 5,263 SF
    • 0.87 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2022
    $800,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    5.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US43-0656947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • School Bell Troy / Daycare Center
    • Dreamy Children's Center / High School / Daycare Center

    Property Details for 6952 John R Rd

    Year built
    1993
    Lot size
    0.87 lot acres
    Property size
    5,263 SF
    Zone code
    R-1D
    Property type
    Commercial real estate
    APN
    88-20-01-101-041
    APU
    882001101041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $820,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $853,000
      Market price range: $671k - $1.29M
      AI Estimate
      $853,000
      Market price range: $671k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $960,000
      Current use
      RESTAURANT
      $910,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $890,000
      Change: -8% Conversion: Easy
      MEDICAL BUILDING
      $830,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1102
    Latitude
    42.6228
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,231
    $0.00
    $0.00
    $288,180
    -
    $0.00
    $0.00
    $576,360

    Comparable in this City

    • Value Estimation
      $14,695,000
      75,639 SF

      6745 Solomon Ave, Unit 6980

      COMMERCIAL (GENERAL) • 75,639 SF
      6745 Solomon Ave, Troy, MI 48085-1284
      View Details
    • Value Estimation
      $4,235,000
      30,320 SF

      6012 Rochester Rd, Unit 6054

      COMMERCIAL (GENERAL) • 30,320 SF
      6012 Rochester Rd, Troy, MI 48085-1301
      View Details
    • Value Estimation
      $10,315,000
      58,104 SF

      6835 Rochester Rd, Unit 6843

      COMMERCIAL (GENERAL) • 58,104 SF
      6835 Rochester Rd, Troy, MI 48085-1242
      View Details
    • Value Estimation
      $2,200,000
      11,316 SF

      2904 Long Lk Rd, Unit 2918

      COMMERCIAL (GENERAL) • 11,316 SF
      2904 Long Lk Rd, Troy, MI 48085-3780
      View Details
    • Value Estimation by Request
      0.68 Acres

      43037 Dequindre Rd

      COMMERCIAL (GENERAL) • 0.68 Acres
      43037 Dequindre Rd, Troy, MI 48085-1101
      View Details
    • Value Estimation
      $590,000
      2,415 SF

      41167 Dequindre Rd

      COMMERCIAL (GENERAL) • 2,415 SF
      41167 Dequindre Rd, Troy, MI 48085-4055
      View Details

    Similar Nearby for Sale

    • $1,250,000
      0.81 Acres

      Prime Troy Commercial Land

      0.81-acre lot, excellent visibility
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      19,280 SF

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      Newer construction building with private entrances and prominent signage.
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    • $328,000
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      Upgraded Condo in Prime Location

      Recently upgraded 2-bedroom condo with modern amenities in Troy, MI.
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    • $2,977,000
      9.16 Acres

      Troy Residential Land Development

      9.16 Acres, R-1C Zoned, Prime Location
      5845 John R Rd, Troy, MI 48085
      View Details
    • $69,000

      Established Salon and Jewelry Store

      Fully equipped salon and jewelry store with established client database.
      6451 Rochester Rd, Troy, MI 48085
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,500 SF

      Single Story Office Suite

      Well-maintained office space with convenient parking and high-end finishes.
      70 W Long Lake Rd, Troy, MI 48085
      View Details
    • $2,400 /Mo
      1,711 SF

      Spacious Condo with Modern Amenities

      Three-bedroom condo with modern finishes, community amenities, and convenient location.
      1172 Alameda Blvd, Troy, MI 48085
      View Details
    • Contact for pricing
      13,600 SF

      Prime Troy Office Building

      13,600 SF, 101 Parking Spaces
      1950 Wattles Rd, Troy, MI 48085
      View Details
    • $19 SF/Yr
      2,663 SF

      First Floor Office Suite

      Professionally managed office suite with impressive glass entry.
      1111 W Long Lake Rd, Troy, MI 48085
      View Details
    • Contact for pricing
      10,000 SF

      Oakland County Office Space Available

      5,000-10,000 SF office space in the heart of Oakland County.
      4700 Rochester Rd, Troy, MI 48085
      View Details
    • $17 SF/Yr
      11,100 SF

      Troy Office Complex: Two Buildings

      Executive & medical suites, 1,650-3,238 sq ft
      6915 Rochester Rd And 89 Blvd, Troy, MI 48085
      View Details
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    Troy, MI 48085-1018
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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