Industrial Building on Groesbeck
For Sale
Contact for pricing
30744 Groesbeck Highway, Roseville, MI 48066
17,322 SF industrial building with warehouse and office space.
Property Size17,322 SF
Lot Size0.37 Acres
Price / SF$75.05
Days on Market184
Property Features for 30744 Groesbeck Highway
General Information
Standard status
Active
Size
17,322 SF
Lot size
0.37 Acres
Property subtype
Industrial
Zoning
I-1, Light Industrial
Building Details
Year Built
1965
Year Renovated
2015
Buildings
1
Stories
2
Listing Agency:
KJ Commercial
(248) 851-8900
Listed By:
Kevin Jappaya, CCIM · License #6502380656
Source:
Crexi
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 KJ Commercial
Investment Insights
Based on property information with market context.
This 17,322 square foot industrial building is available for sale or lease. The building includes 15,342 square feet of warehouse space and 1,980 square feet of office space. The warehouse features ceiling heights ranging from 14 to 22 feet and is equipped with radiant heat. A/C is available in the office area. The property includes one grade-level door measuring 12 feet by 14 feet. It also features five cranes: one five-ton crane, one three-ton crane, and three one-ton cranes. The property is located along Groesbeck Highway, which sees approximately 37,215 vehicles per day. An adjacent 0.37-acre lot is also available for sale.
Key Highlights
- 17,322 SF industrial building
- Five cranes (1 five‑ton, 1 three‑ton, 3 one‑ton) for efficient operations
- Ceiling height (14'–22')
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
$93,402
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
7.18%
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%
$1,868,040
$1.9M
Cap Rate 7%
$1,334,314
$1.3M
Cap Rate 9%
$1,037,800
$1.0M
Market Conditions
NOI Build-Up for 17,322 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
$141.3K $8.16/SF
− Vacancy
−$7.9K −$0.46/SF
EGI
$133.4K $7.70/SF
− OpEx
−$40.0K −$2.31/SF
NOI
$93.4K $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 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%
$1,868,040
Cap Rate 7%
$1,334,314
Cap Rate 9%
$1,037,800
Alternative Uses
Best Use
Industrial
$1.33M
$1.17M – $1.56M
NOI $93,402 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.24M
$2.84M – $3.78M
NOI $227,007 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 17,322 SF industrial building with warehouse and office space.
Where is this manufacturing property located?
The property is located at 30744 Groesbeck Highway Roseville, MI.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 17,322 SF industrial building; Five cranes (1 five‑ton, 1 three‑ton, 3 one‑ton) for efficient operations; Ceiling height (14'–22')
