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3498 Rochester Rd 11,010 SF 100% Leased 4-Star Retail Building Troy, MI 48083 $3,000,000 ($272.48/SF) 6.40% Cap Rate
Investment Highlights
- Positioned in Troy, a premier Michigan submarket with strong corporate presence and workforce demand.
- 62 surface parking spaces provide excellent capacity for daily campus activity.
- Located on 0.92 acres with 116 feet of frontage along Rochester Road, a busy north-south corridor.
Executive Summary
Currently occupied by the Michigan College of Beauty under a net lease, this property accommodates a comprehensive educational facility designed to support vocational training programs. The building includes multiple classrooms, salon-style practical training areas, and a dedicated lower level for expanded instruction space. With 62 surface parking spaces, the site is optimized for daily school operations and accessibility.
Located in Troy—a dynamic Oakland County submarket with first-class infrastructure and proximity to I-75 and M-59—the property enjoys strong visibility along Rochester Road, a major north-south travel route. The surrounding area includes a diverse mix of retail, service providers, and residential neighborhoods, ensuring consistent exposure and access for students and faculty. This location is well-positioned in a high-demand suburban market known for its business-friendly environment and sustained educational needs.
Located in Troy—a dynamic Oakland County submarket with first-class infrastructure and proximity to I-75 and M-59—the property enjoys strong visibility along Rochester Road, a major north-south travel route. The surrounding area includes a diverse mix of retail, service providers, and residential neighborhoods, ensuring consistent exposure and access for students and faculty. This location is well-positioned in a high-demand suburban market known for its business-friendly environment and sustained educational needs.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,010 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1987
Price
$3,000,000
Price Per SF
$272.48
Cap Rate
6.40%
NOI
$192,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.92 AC
Zoning
GB - General Business
Parking
62 Spaces (5.63 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-23-156-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,520 |
Property Taxes
Parcel Number
20-23-156-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,520
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3498 Rochester Rd
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