Retail Space For
For Sale
Contact for pricing
16325 E Eleven Mile Rd, Roseville, MI 48066
Retail space available for purchase.
Property Size2,190 SF
Price / SF$91.32
Days on Market1406
Property Features for 16325 E Eleven Mile Rd
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Retail
Listing Agency:
CMP Real Estate Group
Listed By:
Anthony Sesi · License #MI 6501379218
(248) 538-2000
Source:
Crexi
Added: Dec 13, 2022
Changed: Oct 5
Last Checked: Oct 19 at 6:05AM
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 CMP Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space, with a property size of 2190 square feet, is available for sale.
Key Highlights
- For sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,188
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,760
$323.8K
Cap Rate 7%
$231,257
$231.3K
Cap Rate 9%
$179,867
$179.9K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$26.3K $12.00/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$23.1K $10.56/SF
− OpEx
−$6.9K −$3.17/SF
NOI
$16.2K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,760
Cap Rate 7%
$231,257
Cap Rate 9%
$179,867
Alternative Uses
Best Use
Retail
$231.3K
$202.4K – $269.8K
NOI $16,188 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.0K
$358.8K – $478.3K
NOI $28,700 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 33%
Apparel 22%
Electronics 2%
Marshalls
Apparel
38,378 visits/mo
0.5 miles
McDonald's
Dining
27,507 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,707 visits/mo
0.4 miles
Speedway
Shops & Services
16,949 visits/mo
0.4 miles
Taco Bell
Dining
11,848 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 16325 E Eleven Mile Rd Roseville, MI.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: For sale
