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    15555 Mile Rd Roseville, MI 48066

    Sponsored
    For Sale
    $2,400,000

    24,950 SF Flex Warehouse, 100% Occupied

    Property size:
    24,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 24,950-square-foot flex/warehouse property located at 15555-15651 12 Mile Road, Roseville, MI 48066. The single-story building, constructed in 1978, sits on a 1.38-acre lot and boasts a 12' to 18' clear ceiling height, ideal for various industrial uses. Currently 100% occupied by two tenants, generating a net operating income (NOI) of $119,255, this property offers a compelling 4.90% cap rate at an asking price of $2,400,000 ($96.19/SF). The property features six overhead doors and ample parking with 60 spaces. Its prime location offers high visibility, adjacent to a McDonald's, and benefits from easy access to I-696 and Groesbeck Highway. Zoned for light industrial use, this owner-user opportunity presents significant upside potential. The property is a single-ownership building with multi-tenancy.

    Property Features for 15555 Mile Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    24,950 SF
    Lot Size
    60,113 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    HighLights

    • 24,950 square feet available for sale.
    • 12‑18 foot clear ceiling height.
    • High‑visibility location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.962893
    Latitude
    42.5092221

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    FAQs

    What type of property is this?
    Distribution property - 24,950 SF Flex Warehouse, 100% Occupied
    Where is this distribution property located?
    The property is located at 15555 Mile Rd Roseville, MI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 24,950 square feet available for sale.; 12-18 foot clear ceiling height.; High-visibility location.
    Request Owner's contact information
    15555 Mile Rd Roseville, MI 48066
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    Realmo Value Estimation

    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.

    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.

    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
    15555 Mile Rd Roseville, MI 48066
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