Industrial Property with High
15555 - 15651 12 Mile Road Roseville, MI 48066
15555 - 15651 12 Mile Road, Roseville, MI, 48066
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For Sale
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24,950 SF industrial property, 100% occupied, great location.
Property Size24,950 SF
Price / SF$96.19
Days on Market3327
Property Features for 15555 - 15651 12 Mile Road
General Information
- Standard status
- Active
- Size
- 24,950 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing agency
P.A. Commercial Corporate & Investment Real Estate
(248) 663-0506
Listed by
John Arthurs · License #MI 6501222941
Source
Crexi
Added: Jun 12, 2017 Updated: Jul 6 at 8:17AM Checked: Jul 20 at 2:36AM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This 24,950 square foot industrial property features ceiling heights ranging from 12 to 18 feet and includes six overhead doors. Currently 100% occupied by two tenants, the property benefits from a high-exposure location adjacent to a McDonald's. It offers convenient access to I-696 and Groesbeck Highway. The net operating income is $115,861, reflecting a 9% cap rate.
Key Highlights
- High exposure location adjacent to McDonald's.
- Net operating income of $115,861 with a 9% cap rate.
- 100% occupied with two tenants.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.6k | $8.16 |
| − Vacancy | −$11.4k | −$0.46 |
| EGI | $192.2k | $7.70 |
| − OpEx | −$57.7k | −$2.31 |
| NOI | $134.5k | $5.39 |
24,950 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,534 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.67M
$4.09M – $5.45M
NOI $326,973 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
What type of property is this?
Industrial property - 24,950 SF industrial property, 100% occupied, great location.
Where is this industrial property located?
The property is located at 15555 - 15651 12 Mile Road 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: High exposure location adjacent to McDonald's.; Net operating income of $115,861 with a 9% cap rate.; 100% occupied with two tenants.
