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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Office buildings
800 University Dr, Rochester, MI 48307-1804
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0252429
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
30,753 SF
Lot
2.46 ac (107,158 SF)
Zoning code
BI
APN
68-15-10-377-009
UPID
US43-0252429
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
-
Wood & Associates Tax and Wealth Management Financial Advisor
-
OLV Investment Group Financial Advisor
-
Muchortow + Paperd Advisors LLC Consultant Financial Consultant
-
Muchortow and Associates Consultant
-
Wood & Associates Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$4.66M
Owner & transaction history
800-900 University LLC · 15 yrs held
800-900 University LLC
since 2010
7 recorded transactions
Zoning & alternative use
BI · Rochester, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+47.6%
Retail stores
$5.2M
+43.9%
Medical building
$4.9M
+34.6%
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
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
OFFICE BUILDING
$3,605,000
Current use
RESTAURANT
$5,325,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$5,190,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$4,855,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,770,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±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
$151 / 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
$68,357
Tax year 2023
Assessed value
$2,423,470
Assessed 2024
Previous assessed
$2,261,520
+7.2% YoY
Effective rate
2.82%
On assessed value
Total market value
$4,846,940
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
1983
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
30,753 SF
Lot
2.46 ac (107,158 SF)
Zoning code
BI
APN
68-15-10-377-009
UPID
US43-0252429
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.6M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1983
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
800-900 University LLC
Entity
Mailing address
10 E MAIN ST STE #201, BRIDGEPORT, CT 06608-2717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
800 900 University LLC
—
Deed
related
$1,000,000 · Waterford Bank NA
Jul 27, 2016
—
800-900u Niversity LLC
—
Deed
related
$2,000,000 · Clarkston St Bk
Dec 10, 2010
—
800-900 University LLC
Gateway-rochester LLC
Warranty Deed
$1,400,000 · Charlevoix C Family Trust (pt)
Jul 31, 2007
—
Gateway-rochester LLC
Cambridge Square Offices LLC
Warranty Deed
—
—
—
Gateway-rochester LLC
—
Deed Of Trust
related
$7,386,750 · United Commercial Bank
—
—
800-900 University LLC
—
Deed Of Trust
related
$1,800,000 · Clarkston State Bank
—
—
Cambridge Square Offices LLC
—
Deed Of Trust
related
$6,928,000 · General Electric Capital Busin
—
—
800-900u Niversity LLC
—
Loan Modification
related
$2,000,000 · Clarkston St Bk
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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