Multi-Tenant Warehouse with Overhead
For Sale
$2,400,000
15555-15651 12 Mile Road, Roseville, MI 48066
24,950 SF warehouse with 12'–18' clear height and six overhead doors, currently 100% occupied by two tenants.
Property Size24,950 SF
Price / SF$96.19
Days on Market153
Property Features for 15555-15651 12 Mile Road
General Information
Standard status
Active
Size
24,950 SF
Property subtype
Industrial - Manufacturing
Occupancy
100%
Additional Details
Cap Rate
9%
Highway Access
Yes
Clear Height
18 ft
Building Details
Building Size
24,950 SF
Year Built
1978
Tenancy
Multi
Listing Agency:
P.A. Commercial
Listed By:
John T. Arthurs · License #6501222941
(248) 663-0506
Source:
Commercialcafe
Added: May 7
Changed: Oct 4
Last Checked: Oct 5 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of P.A. Commercial
Investment Insights
Based on property information with market context.
This multi-tenant warehouse totals 24,950 SF and features 12' to 18' clear height and six (6) overhead doors. The property is 100% occupied with two tenants.
Located at 15555–15651 12 Mile Road in Roseville, Michigan, the building is positioned in a high-exposure area adjacent to McDonald’s. It also offers easy access to I-696 and Groesbeck Highway.
From an income perspective, the provided net operating income is $115,861 with a 9% cap rate.
Located at 15555–15651 12 Mile Road in Roseville, Michigan, the building is positioned in a high-exposure area adjacent to McDonald’s. It also offers easy access to I-696 and Groesbeck Highway.
From an income perspective, the provided net operating income is $115,861 with a 9% cap rate.
Key Highlights
- 24,950 SF warehouse with 12'-18' clear height
- Six overhead doors
- 100% occupied by 2 tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,362
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,240
$3.3M
Cap Rate 7%
$2,333,743
$2.3M
Cap Rate 9%
$1,815,133
$1.8M
Market Conditions
NOI Build-Up for 24,950 SF
Gross rent
$203.6K $8.16/SF
− Vacancy
−$11.4K −$0.46/SF
EGI
$192.2K $7.70/SF
− OpEx
−$28.8K −$1.16/SF
NOI
$163.4K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,240
Cap Rate 7%
$2,333,743
Cap Rate 9%
$1,815,133
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,362 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.67M
$4.09M – $5.45M
NOI $326,973 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- iStorage — 15390 Twelve Mile Rd, Roseville, MI 48066
- D & D Machinery Movers Inc — 29469 Groesbeck Hwy, Roseville, MI 48066
Frequently Asked Questions
What type of property is this?
Warehouse - 24,950 SF warehouse with 12'–18' clear height and six overhead doors, currently 100% occupied by two tenants.
Where is this warehouse located?
The property is located at 15555-15651 12 Mile Road Roseville, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 24,950 SF warehouse with 12'-18' clear height; Six overhead doors; 100% occupied by 2 tenants
