Air-Conditioned Manufacturing
For Sale
Contact for pricing
15900 Common Rd, Roseville, MI 48066
Industrial facility with a fenced yard, truck access, and dedicated lab and inspection space.
Property Size16,000 SF
Lot Size1.69 Acres
Price / SF$0.00
Days on Market133
Property Features for 15900 Common Rd
General Information
Standard status
Active
Size
16,000 SF
Lot size
1.69 Acres
Property subtype
Industrial
Zoning
I-2
Additional Details
Fenced Yard
Yes
Conditioned Warehouse
Yes
Amenities
air lines throughout
air compressor
buss duct
epoxy floor
new paint and carpet
Building Details
Building Size
16,000 SF
Listing Agency:
Newmark Knight Frank Detroit
Listed By:
Bob Pagano
(248) 357-6576
Source:
Cpix.resimplifi
Added: Jun 9
Changed: Oct 13
Last Checked: Oct 19 at 3:33AM
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 Newmark Knight Frank Detroit
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Investment Insights
Based on property information with market context.
This 16,000-square-foot manufacturing facility is fully air conditioned and includes epoxy flooring, distributed air lines, an air compressor, and buss duct. The office area has updated paint and carpet. A 1,200-square-foot laboratory and inspection area includes a mezzanine, adding dedicated space for quality-control or production support functions.
The property sits on 1.69 acres at 15900 Common Rd in Roseville, Michigan. A fenced yard and truck-friendly access support industrial operations, while I-2 zoning provides the stated land-use designation for the site.
The property sits on 1.69 acres at 15900 Common Rd in Roseville, Michigan. A fenced yard and truck-friendly access support industrial operations, while I-2 zoning provides the stated land-use designation for the site.
Key Highlights
- 16,000 SF manufacturing facility on 1.69 acres
- 100% air conditioned with epoxy flooring
- 1,200 SF lab and inspection area with mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,480
$1.7M
Cap Rate 7%
$1,232,486
$1.2M
Cap Rate 9%
$958,600
$958.6K
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$130.6K $8.16/SF
− Vacancy
−$7.3K −$0.46/SF
EGI
$123.2K $7.70/SF
− OpEx
−$37.0K −$2.31/SF
NOI
$86.3K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,480
Cap Rate 7%
$1,232,486
Cap Rate 9%
$958,600
Alternative Uses
Best Use
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,274 @ 7.0% cap · market cap 1,380,384.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.00M
$2.62M – $3.49M
NOI $209,682 @ 7.0% cap · market cap 3,354,912.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with a fenced yard, truck access, and dedicated lab and inspection space.
Where is this manufacturing property located?
The property is located at 15900 Common Rd Roseville, MI.
What are key features of this property?
This property features: 16,000 SF manufacturing facility on 1.69 acres; 100% air conditioned with epoxy flooring; 1,200 SF lab and inspection area with mezzanine
