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    Industrial Development Land with House Title is generated by Realmo AI

    57291 Rosell Road, New Haven, MI 48048

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    Claim this Listing
    Pending
    $649,000

    COMMERCIAL - New Haven, MI

    Property size:
    2,300 SF
    Lot size:
    10.00 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    429
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 57291 Rosell Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Pending
    APN
    19-06-32-400-014
    Size
    2,300 SF
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6637

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    1920
    Roof type
    Shingle

    We can help!

    Listing Contact
    Marietta Bockart

    Listing agent Marietta Bockart License #6501365198

    Listing office Century 21 Professionals 48680 Van Dyke, MI

    Listing date Apr 2, 2025

    MLS# 50170226

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Property offers an industrial development opportunity in Lenox Twp., with the first split proposed for 10 acres (subject to split approval).
    • Totally renovated 2‑story home with 4 bedrooms and 2 baths, plus living room, family room, kitchen, and laundry.
    • Updates include new windows, flooring, cabinets, and granite countertops, along with a renovated interior.
    • Mechanical and utility upgrades: forced air furnace, hot water tank, water softener, and central air.
    • Roof is shingle; home connected to private water and septic.
    • Additional 11.9 acres available to create possible additional splits.

    Overview

    This offering consists of a 10-acre industrial development land parcel with an on-site, totally renovated two-story house. The residence includes four bedrooms and two bathrooms, along with a living room, family room, kitchen, and laundry area. Recent improvements listed include new windows, new flooring, updated cabinets with granite countertops, and new or replaced mechanicals such as a furnace and hot water tank, plus an air conditioner and water softener. The property also includes septic service, and the sale structure contemplates parcel splitting for the development approach.

    The parcel is located at 57291 Rosell Road in New Haven, Michigan, in Macomb County. The split configuration is subject to approval, and the initial split is described as 10 acres. The listing also notes that additional acreage is available, which could support further splitting depending on approvals.

    For buyers considering industrial development with flexibility in phased lot configurations, this property provides an on-site renovated structure alongside the land for potential future splits. The availability of additional acres may help accommodate multiple development phases, subject to split approval requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.811906
    Latitude
    42.721567

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    FAQs

    What type of property is this?
    Industrial land - Ten-acre parcel with a renovated two-story home and potential for additional acreage splits subject to approval.
    Where is this industrial land located?
    The property is located at 57291 Rosell Road New Haven, MI.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Property offers an industrial development opportunity in Lenox Twp., with the first split proposed for 10 acres (subject to split approval).; Totally renovated 2‑story home with 4 bedrooms and 2 baths, plus living room, family room, kitchen, and laundry.; Updates include new windows, flooring, cabinets, and granite countertops, along with a renovated interior.
    (586) 453-7963
    We can help!
    Listing Contact
    Marietta Bockart
    Real Estate License ID: 6501365198
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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