Multi-Tenant Warehouse with Overhead
15555-15651 12 Mile Road Roseville, MI 48066
15555-15651 12 Mile Road, Roseville, MI, 48066
$2,400,000
For Sale
$2,400,000
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 Market137
Property Features for 15555-15651 12 Mile Road
General Information
- Standard status
- Active
- Size
- 24,950 SF
- Property subtype
- Industrial
Listing agency
PA Commercial
(248) 663-0506
Listed by
John Arthurs · License #6501222941
(248) 663-0506
Source
Cpix.resimplifi
Added: Mar 9 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM
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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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.6k | $8.16 |
| − Vacancy | −$11.4k | −$0.46 |
| EGI | $192.2k | $7.70 |
| − OpEx | −$28.8k | −$1.16 |
| NOI | $163.4k | $6.55 |
24,950 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- D & D Machinery Movers Inc — 29469 Groesbeck Hwy, Roseville, MI 48066
- iStorage — 15390 Twelve Mile Rd, Roseville, MI 48066
FAQs
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
