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    720 Avon Rd Rochester Hills, MI 48307
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    Property profile & analytics

    720 Avon Rd Rochester Hills, MI 48307

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    • Commercial real estate
    • 6.00 lot acres
    Off-Market
    Property ID
    US43-5251365
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 720 Avon Rd

    Lot size
    6.00 lot acres
    Property type
    Commercial real estate
    APN
    15-23-201-017 Part of 15-23-201-016

    Description

    This exceptional 6-acre commercial land parcel presents a unique development opportunity in desirable Rochester Hills, Michigan. Located at 720 E Avon Rd, the property boasts a prime location with convenient access to local amenities and major transportation routes. The property is zoned R-3 Single Family Residential with a Mixed Residential Overlay (MR), offering flexibility for a variety of development projects. The R-3 zoning primarily focuses on low-density, single-family dwellings and related residential uses. The inclusion of the Mixed Residential Overlay District is designed to encourage higher-quality development, providing design flexibility in lot size, configuration, and building type within the parameters of the master land use plan and existing zoning regulations. Currently, a 1,500 square foot house sits on the front portion of the property along E. Avon Road, with the remaining acreage consisting of undeveloped land. Municipal water and sanitary sewer utilities are available, simplifying infrastructure connections for future projects. The property's APN is 15-23-201-017 (Part of 15-23-201-016) and is situated in Oakland County, Michigan, zip code 48307. This versatile property offers significant potential for developers seeking to capitalize on the growing demand for residential and potentially mixed-use developments in this thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1183409
    Latitude
    42.6662088

    Comparable in this City

    • $450,000
      3 SF

      Land Available for Sale

      3 acres of land for sale in Rochester, Michigan.
      500 South St, Rochester, MI 48307
      View Details
    • $79,900
      0.28 Acres

      Residential Land in Rochester Hills

      Vacant land suitable for building a home in Rochester Hills.
      307 Michelson Rd, Rochester Hills, MI 48307
      View Details
    • $2,300,000

      Rochester Hills Land with Flexible Zoning

      74.78 acres in Rochester Hills with flexible zoning.
      Rochester Rd, Rochester, MI 48307
      View Details
    • Contact for pricing

      Industrial Zoned Vacant Lot

      Nearly one acre vacant lot with industrial zoning.
      1811 E Hamlin Rd, Rochester Hills, MI 48307
      View Details
    • Contact for pricing

      996 E Auburn Rd, Rochester Hills, MI 48307

      Commercial land
      996 E Auburn Rd, Rochester Hills, MI 48307
      View Details

    Similar Nearby for Sale

    • $450,000
      3 SF

      Land Available for Sale

      3 acres of land for sale in Rochester, Michigan.
      500 South St, Rochester, MI 48307
      View Details
    • $79,900
      0.28 Acres

      Residential Land in Rochester Hills

      Vacant land suitable for building a home in Rochester Hills.
      307 Michelson Rd, Rochester Hills, MI 48307
      View Details
    • $2,300,000

      Rochester Hills Land with Flexible Zoning

      74.78 acres in Rochester Hills with flexible zoning.
      Rochester Rd, Rochester, MI 48307
      View Details
    • Contact for pricing

      Industrial Zoned Vacant Lot

      Nearly one acre vacant lot with industrial zoning.
      1811 E Hamlin Rd, Rochester Hills, MI 48307
      View Details
    • Contact for pricing

      996 E Auburn Rd, Rochester Hills, MI 48307

      Commercial land
      996 E Auburn Rd, Rochester Hills, MI 48307
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      2,555 SF

      Office Space in Rochester Hills

      263 sqft office space with ample natural light.
      71 N Livernois Rd, Rochester Hills, MI 48307
      View Details
    • $3,500 /Mo
      1,900 SF

      Medical/Office Condo on Rochester Road

      Versatile condo suited for medical, dental, or professional office use.
      2490 S Rochester Rd, Rochester Hills, MI 48307
      View Details
    • $5,180 /Mo
      3,455 SF

      Rochester Hills Office For Rent

      Office space for rent in Rochester Hills, Michigan.
      1681 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • $3,000 /Mo

      Renovated Office Building, Rochester Hills

      Stand-alone, renovated office building in prime Rochester Hills location.
      872 E Auburn Rd, Rochester Hills, MI 48307
      View Details
    • 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
    • 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
      View Details
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    720 Avon Rd
    Rochester Hills, MI 48307
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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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