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    714 Main St Ste, Unit 102 Rochester, MI 48307-1453
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    Property profile & analytics

    714 Main St Ste, Unit 102, Rochester, MI 48307-1453

    View on Map
    • Retail space
    • 2,783 SF
    Off-Market
    Property ID
    US43-0950724
    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.
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 714 Main St Ste

    Year built
    2006
    Zone code
    BI
    Property type
    Retail space
    APN
    68-15-11-353-002
    APU
    681511353002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2018 — Sayed Investment LLC — Deed · related $500k · The Huntington National Bank
    May 12, 2009 $300,000 Sayed Investment LLC Warren Bank Corporation Deed $290k · Fidelity Bank
    — — Sayed Investments LLC — Deed Of Trust · related $111k · Michigan Certified Development
    — — Sayed Investments LLC — Deed Of Trust · related $158k · Fidelity Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $731,000
      Market price range: $219k - $731k
      AI Estimate
      $603,000
      Market price range: $174k - $604k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $470,000
      Current use
      COMMERCIAL (GENERAL)
      $830,000
      Change: +76% Conversion: Easy
      MEDICAL BUILDING
      $440,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1333
    Latitude
    42.6851
    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
    2023
    $8,891
    $0.00
    $0.00
    $288,590
    -
    $0.00
    $0.00
    $577,180

    Comparable in this City

    • Value Estimation
      $1,230,000
      5,133 SF

      606 Main St

      RETAIL STORES (PERSONAL SERVICES)
      606 Main St, Rochester, MI 48307-1454
      View Details
    • Value Estimation
      $510,000
      2,517 SF

      120 3rd St

      RETAIL STORES (PERSONAL SERVICES)
      120 3rd St, Rochester, MI 48307-2018
      View Details
    • Value Estimation
      $1,705,000
      7,675 SF

      234 Main St

      RETAIL STORES (PERSONAL SERVICES)
      234 Main St, Rochester, MI 48307-6737
      View Details
    • Value Estimation
      $1,050,000
      6,464 SF

      828 Main St

      RETAIL STORES (PERSONAL SERVICES)
      828 Main St, Rochester, MI 48307-1431
      View Details
    • Value Estimation
      $870,000
      3,624 SF

      315 Main St

      RETAIL STORES (PERSONAL SERVICES)
      315 Main St, Rochester, MI 48307-2035
      View Details
    • Value Estimation by Request
      1,413 SF

      300 Ee St

      RETAIL STORES (PERSONAL SERVICES)
      300 Ee St, Rochester, MI 48307-2013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,350 SF

      Mixed-Use Retail and Office Space

      Recently constructed retail and office space near downtown Rochester, MI.
      311 W University Dr, Rochester, MI 48307
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      Main Street Mixed-Use Opportunity

      Mixed-use property with office and rental potential in Rochester.
      815 N Main St, Rochester, MI 48307
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      Mixed-Use Development Retail Opportunity

      Retail space available in a new mixed-use development.
      3784 S Rochester Rd, Rochester Hills, MI 48307
      View Details
    • $1,200,000
      Pending

      Retail Investment Opportunity in Rochester

      Retail property for sale in Rochester, Michigan.
      406 S Main St, Rochester, MI 48307
      View Details
    • Contact for pricing
      Pending

      Rochester Mixed-Use Investment Opportunity

      Mixed-use retail/office property in Rochester, MI, for sale.
      311 W University Dr, Rochester, MI 48307
      View Details
    • $899,000
      3,455 SF

      Corner Retail Property with Multiple Entrances

      Strong corner frontage with a newly built 2024 parking lot, suited for flexible retail or owner-user use.
      1681 E Auburn Rd, Rochester Hills, MI 48307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,985 SF

      Retail Space on Main Street

      2,985 SF retail space available for sublease.
      103 S Main St, Rochester, MI 48307
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Rochester Hills

      Retail space available in a busy, anchored shopping center.
      2789-2951 South Rochester Rd, Rochester Hills, MI 48307
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      2,113 SF

      Retail Space in Rochester Hills

      Retail space available in a busy shopping center.
      2627-2783 South Rochester Rd, Rochester Hills, MI 48307
      View Details
    • Contact for pricing
      3,037 SF

      Retail Space in Rochester Hills

      Retail space available in a busy shopping center.
      201-215 East Auburn Rd, Rochester Hills, MI 48307
      View Details
    • Contact for pricing
      3,982 SF

      Rochester Hills Retail Endcap Opportunity

      Endcap retail space for lease in Rochester Hills.
      3135-3159 S Rochester Rd, Rochester, MI 48307
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    • Contact for pricing

      Prime Retail Space Near Meijer

      New retail space with high visibility and easy access.
      1413 N Rochester Rd, Rochester Hills, MI 48307
      View Details
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    Rochester, MI 48307-1453
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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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