330 Tienken RdRochester Hills, MI 48306

Property Details for 330 Tienken Rd

Year built

1984

Lot size

2.47 AC

Property size (Sq ft)

5,935 SF

Zone code

BI

Property type

Commercial real estate

APN

70-15-03-451-028

APU

701503451028

Description

This exceptional investment opportunity presents a two-story, 12,383 square foot Class B medical office building situated on a 1.75-acre lot in Rochester Hills, Michigan. The property, built in 1984, currently houses five tenants across seven units, with 75% occupancy as of August 8, 2024. The building boasts a Net Rentable Area of 10,651 square feet and offers 72 parking spaces. Recent improvements include a new roof (2023) and a freshly sealed parking lot. The property includes a specialized radiation room. Currently generating a NOI of $59,696, a pro-forma NOI of $160,560 is projected, representing a pro-forma cap rate of 8.92%. The asking price is $1,800,000, translating to a price per square foot of $145.36. Two vacant units present immediate value-add potential through lease-up at market rates. The property is zoned for office use and benefits from a high-traffic location, with over 20,667 cars passing daily. Located in a high-income area with an average household income exceeding $130,000 within a 5-mile radius and a population of 142,000, this property offers significant growth potential. The ample lot size allows for future expansion. This is a triple net (NNN) leased, multi-tenant property with a strong potential for increased revenue. The APN is 70-15-03-451-028.

• Alternative Use

  Use

  Valuation

  Residential

  $1,412,906

  Hospitality

  $1,294,214

  Educational

  $1,076,771

  Medical

  $1,113,803

  Retail

  $1,674,977

Location Insight

City

Rochester Hills

County

Oakland

State

Michigan

Latitude

42.6963

Longitude

-83.1408

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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