Warehouse with Office
For Sale
$1,925,000
16600 E Thirteen Mile Rd, Roseville, MI 48066
24,750 SF warehouse for sale with clean shop, beautiful offices, and a roof under five years old.
Property Size24,750 SF
Price / SF$77.78
Days on Market49
Property Features for 16600 E Thirteen Mile Rd
General Information
Standard status
Active
Size
24,750 SF
Property subtype
Industrial
Zoning
I-2
Building Details
Building Size
24,750 SF
Listing Agency:
L. Mason Capitani, Inc.
(248) 637-7794
Listed By:
Thomas Jablonski
(248) 637-7794
Source:
Cpix.resimplifi
Added: Jul 7
Changed: Aug 15
Last Checked: Aug 24 at 3:11AM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This for-sale warehouse totals 24,750 square feet and features a clean facility with office space and a well-presented shop area. The entire shop is craned, supporting flexible material handling for occupants. Power is described as well distributed throughout the building, and the roof is less than five years old.
The property is located at 16600 E Thirteen Mile Rd, Roseville, MI 48066, offering a straightforward industrial layout with office buildout already in place.
The property is located at 16600 E Thirteen Mile Rd, Roseville, MI 48066, offering a straightforward industrial layout with office buildout already in place.
Key Highlights
- 24,750 SF warehouse for sale
- Clean shop and entire shop craned
- Beautiful office space included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,053
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,241,060
$3.2M
Cap Rate 7%
$2,315,043
$2.3M
Cap Rate 9%
$1,800,589
$1.8M
Market Conditions
NOI Build-Up for 24,750 SF
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.
Gross rent
$202.0K $8.16/SF
− Vacancy
−$11.3K −$0.46/SF
EGI
$190.7K $7.70/SF
− OpEx
−$28.6K −$1.16/SF
NOI
$162.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,241,060
Cap Rate 7%
$2,315,043
Cap Rate 9%
$1,800,589
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,053 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.63M
$4.05M – $5.41M
NOI $324,352 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
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
- D & D Machinery Movers Inc — 29469 Groesbeck Hwy, Roseville, MI 48066
- Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
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- Patriot Moving Systems LLC — 31400 Kendall, Fraser, MI 48026
Frequently Asked Questions
What type of property is this?
Warehouse - 24,750 SF warehouse for sale with clean shop, beautiful offices, and a roof under five years old.
Where is this warehouse located?
The property is located at 16600 E Thirteen Mile Rd Roseville, MI.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 24,750 SF warehouse for sale; Clean shop and entire shop craned; Beautiful office space included
