Industrial Property with High
For Sale
Contact for pricing
15555 - 15651 12 Mile Road, Roseville, MI 48066
24,950 SF industrial property, 100% occupied, great location.
Property Size24,950 SF
Price / SF$96.19
Days on Market3417
Property Features for 15555 - 15651 12 Mile Road
General Information
Standard status
Active
Size
24,950 SF
Total Parking Spaces
60
Property subtype
Industrial
Zoning
Lt Industrial
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$119,255
Building Details
Year Built
1978
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
Listed By:
John Arthurs · License #MI 6501222941
(248) 663-0506
Source:
Crexi
Added: Jun 12, 2017
Changed: Oct 3
Last Checked: Oct 19 at 4:22AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,534
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,680
$2.7M
Cap Rate 7%
$1,921,914
$1.9M
Cap Rate 9%
$1,494,822
$1.5M
Market Conditions
NOI Build-Up for 24,950 SF
Gross rent
$203.6K $8.16/SF
− Vacancy
−$11.4K −$0.46/SF
EGI
$192.2K $7.70/SF
− OpEx
−$57.7K −$2.31/SF
NOI
$134.5K $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 Rate 5%
$2,690,680
Cap Rate 7%
$1,921,914
Cap Rate 9%
$1,494,822
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
521
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
Frequently Asked Questions
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.
