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    Property profile & analytics

    58700 Rosell Rd New Haven, MI 48048

    • Commercial real estate
    • 11.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1667669
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 58700 Rosell Rd

    Lot size
    11.50 lot acres
    Property type
    Commercial real estate
    APN
    06-33-103-035

    Description

    This exceptional 11.5-acre commercial land parcel presents a unique investment opportunity in New Haven, Michigan. Located at 58700 Rosell, this property boasts a generous 367' x 1,215' lot size and is zoned for Multiple-Family and MS uses, offering significant development potential. The asking price is $199,000, translating to a land value of $0.40 per square foot. Conveniently situated just south of 27 Mile Road and adjacent to the city of New Haven, the property benefits from readily available city water and sewer services. While the land currently features trees and scrub brush, along with a 30' x 40' garage, its size and zoning make it ideal for a variety of commercial projects. The property is identified by APN 06-33-103-035 and will be split from this larger parcel. An Alta survey is available for serious buyers to facilitate due diligence and planning. This is a rare opportunity to acquire a sizable, well-located commercial parcel at an attractive price, making it an ideal investment for developers seeking a prime location with excellent infrastructure. Don't miss this chance to secure this highly desirable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Gratiot
    State
    Michigan
    Longitude
    -82.808411
    Latitude
    42.73142

    Comparable in this City

    • $600,000
      3.00 Acres

      Albuquerque Square Office Building

      Class A Office Space, 36,040 SF Available
      27 Mile Rd, New Haven, MI 48048
      View Details
    • $999,795
      8.22 Acres

      Vacant Land in New Haven, MI

      Land for a 96-unit luxury rental community with high ROI.
      Gratiot Vacant, New Haven, MI 48048
      View Details
    • $880,000

      24.2 Acres Development Land

      24.2 acres of cleared land with utilities available.
      Gratiot Rd, Mount Clemens, MI 48048
      View Details
    • $400,000

      10 Acres on Gratiot

      10-acre commercial land with utilities and income-producing sign.
      62800 Gratiot Rd, New Haven, MI 48048
      View Details
    • $94,000

      Land For Sale

      Land available for sale.
      57574 Sawyer Ct, New Haven, MI 48048
      View Details
    • $949,900

      Commercial Land with Two Buildings

      5+ acres of commercial land with garage and office.
      59845 Gratiot Ave, New Haven, MI 48048
      View Details

    Similar Nearby for Sale

    • $600,000
      3.00 Acres

      Albuquerque Square Office Building

      Class A Office Space, 36,040 SF Available
      27 Mile Rd, New Haven, MI 48048
      View Details
    • $999,795
      8.22 Acres

      Vacant Land in New Haven, MI

      Land for a 96-unit luxury rental community with high ROI.
      Gratiot Vacant, New Haven, MI 48048
      View Details
    • $880,000

      24.2 Acres Development Land

      24.2 acres of cleared land with utilities available.
      Gratiot Rd, Mount Clemens, MI 48048
      View Details
    • $400,000

      10 Acres on Gratiot

      10-acre commercial land with utilities and income-producing sign.
      62800 Gratiot Rd, New Haven, MI 48048
      View Details
    • $94,000

      Land For Sale

      Land available for sale.
      57574 Sawyer Ct, New Haven, MI 48048
      View Details
    • $949,900

      Commercial Land with Two Buildings

      5+ acres of commercial land with garage and office.
      59845 Gratiot Ave, New Haven, MI 48048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,386 SF

      Prime Commercial Land, New Haven, MI

      2.29 Acres, I-94 Visibility, High Growth
      0 Twenty-Six Mile Rd, New Haven, MI 48048
      View Details
    • Contact for pricing
      1,366 SF

      Meijer In-Store Retail Space

      High-traffic retail spaces available.
      36865 26 Mile Rd, Lenox, MI 48048
      View Details
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    58700 Rosell Rd
    New Haven, MI 48048
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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.

    More about this property
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