New search
Property profile & analytics
OFF-MARKET
Estimated value
$51,975,000
Warehouses
870 Parkdale Rd, Rochester, MI 48307-1740
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-5295859
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1915
Total area
444,087 SF
Lot
85.5 ac (3,724,380 SF)
Zoning code
II
APN
68-15-11-451-020
UPID
US43-5295859
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
-
Par Sterile Products Factory Production Facility
-
Endo Pharmecuticals Factory Production Facility
-
PAR Pharmecutical Factory Production Facility
-
Par Pharmaceutical Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$57.11M
Blend (final)
Blend
$51.98M
Owner & transaction history
Par Health USA LLC
Par Health USA LLC
since 2025
7 recorded transactions
Zoning & alternative use
II · Rochester, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$76.9M
+126.7%
Retail stores
$75.0M
+121.0%
Medical building
$70.1M
+106.7%
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
WAREHOUSE, STORAGE
$33,915,000
Current use
RESTAURANT
$76,870,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$74,955,000
Change: +121% · Conversion: Moderate
MEDICAL BUILDING
$70,105,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$54,430,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$52,085,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,330,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$51.98M
Range $46.78M – $57.17M · ±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
$117 / 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
$1,081,748
Tax year 2023
Assessed value
$30,749,100
Assessed 2024
Previous assessed
$28,609,040
+7.5% YoY
Effective rate
3.52%
On assessed value
Total market value
$61,498,200
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
1915
Heating
STEAM
Buildings
21
Stories
1
Units
1
Total area
444,087 SF
Lot
85.5 ac (3,724,380 SF)
Zoning code
II
APN
68-15-11-451-020
UPID
US43-5295859
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Rochester, MI
Zoning II · permitted uses
II · 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
WAREHOUSE, STORAGE Current
Est. value
$33.9M
RESTAURANT
Est. value
$76.9M
RETAIL STORES
Est. value
$75.0M
MEDICAL BUILDING
Est. value
$70.1M
AUTO REPAIR, GARAGE
Est. value
$54.4M
OFFICE BUILDING
Est. value
$52.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.3M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1915
Heating
STEAM
Stories
1
Buildings
21
Units
1
Lot
85.5 ac
Current owner
From public records · entity-resolved
Par Health USA LLC
Entity
Mailing address
1400 ATWATER DR, MALVERN, PA 19355-8701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Par Health USA LLC
Endo USA INC
Deed
related
—
Sep 19, 2025
—
Par Health USA LLC
Endo USA INC
Quitclaim Deed
related
—
May 28, 2024
—
Endo USA INC
—
Deed
related
—
May 20, 2024
—
Endo USA INC
Par Sterile Products LLC
Quitclaim Deed
related
—
Oct 5, 2020
—
Par Sterile Products LLC
—
Deed
related
$94,722,000 · Wilmington Trust NA
Jul 30, 2019
—
Par Sterile Products LLC
—
Loan Modification
related
$1,500,000,000 · Wilmington Trust NA (ce)
Sep 13, 2018
—
Par Sterile Products LLC
—
Grant Deed
related
$300,000,000 · Wilmington Tr
May 9, 2013
—
Jhp Pharmaceuticals LLC
—
Grant Deed
related
$120,000,000 · General Elec Cap
Aug 26, 2008
—
Jhp Pharmaceuticals LLC
—
Loan Modification
related
$22,312,500 · Private Individual
Oct 25, 2007
—
Jhp Pharmaceuticals LLC
Parkedale Pharmaceuticals INC
Trustees Deed
$45,000,000 · Private Individual
—
—
Jhp Pharmaceuticals LLC
—
Deed Of Trust
related
—
—
—
Jhp Pharmaceuticals LLC
—
Loan Modification
related
$202,500 · General Elec Cap
—
—
Par Sterile Products LLC
—
Deed Of Trust
related
—
—
—
Par Sterile Products LLC
—
Loan Modification
related
$300,000 · Wilmington Tr NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 870 Parkdale Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
