Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Roseville Retail Space For Lease Title is generated by Realmo AI

    28774-28802 Gratiot Ave, Roseville, MI 48066

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available in Walmart-anchored Roseville Town Center.

    Type:Retail
    Added:
    May 18, 2024
    Days on Market:
    746
    Last Refresh:
    May 12 at 9:35 pm

    Property Features for 28774-28802 Gratiot Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 28774-28802 Gratiot Ave Contact us

    We can help!

    Listing Contact
    Brad Rosenberg

    Listing agent Brad Rosenberg License #6501204147

    Listing office Mid-America Real Estate - Michigan, Inc.

    Listing date May 18, 2024

    Source Crexi

    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 Mid-America Real Estate - Michigan, Inc.

    HighLights

    • Walmart‑anchored shopping center.
    • Located at the intersection of 12 Mile Road and Gratiot Avenue with combined traffic of over 60,500 vehicles per day.
    • Proximity to eastern Macomb County’s regional trade area and Macomb Mall.
    • Cotenants include Marshalls, Five Below, Dollar Tree, and Palace Beauty Supply.
    • Located in the heart of Roseville, Michigan.
    • Nearby retailers include The Home Depot, Sam’s Club, JCPenney, Kroger, Starbucks, and Meijer.

    Overview

    Located in Roseville, Michigan, Roseville Town Center is a shopping center anchored by Walmart. The property is positioned near eastern Macomb County’s regional trade area and Macomb Mall. The location at the intersection of 12 Mile Road and Gratiot Avenue benefits from a combined traffic count exceeding 60,500 vehicles per day. Current co-tenants include Marshalls, Five Below, Dollar Tree, and Palace Beauty Supply. Nearby retailers include The Home Depot, Sam’s Club, JCPenney, Kroger, Starbucks, and Meijer, along with numerous other national and local retailers.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.929143
    Latitude
    42.509212

    Nearby Similar for Lease

    • $2,200/Mo
      2,400 SF

      Roseville Retail Space For Lease

      2400 SF retail space in high-traffic Roseville location.
      18703 E 10 Mile Rd, Roseville, MI 48066
      View Details
    • $1,650/Mo

      Renovated Corner Commercial Space Available

      Renovated corner commercial space on Gratiot Avenue for lease.
      27333 Gratiot Ave, Roseville, MI 48066
      View Details
    • $1,395/Mo

      High-Traffic Plaza Retail Space

      Move-in ready corner unit near expressways with good visibility.
      16279 East 11 Mile Rd, Roseville, MI 48066
      View Details
    • $1,000/Mo

      Retail Spaces in Busy Plaza

      Retail spaces available in a high-traffic plaza.
      25215-25217 Gratiot Ave, Roseville, MI 48066
      View Details
    • $6 SF/Yr
      30,648 SF

      Clean Space on 12 Mile

      Usable space with easy access and updated offices and shop.
      15201 E Twelve Mile Road, Roseville, MI 48066
      View Details
    • Contact for pricing

      Freestanding Retail Building in Roseville

      Former Rite Aid available for lease in Roseville, Michigan.
      25996 Gratiot Ave | Roseville, MI 48066
      View Details
    • $6 SF/Yr
      5,346 SF

      Roseville Warehouse Space Available

      5,346 SF warehouse space for lease in Roseville, MI.
      Hayes 28500, Roseville, MI
      View Details
    • Contact for pricing

      Retail Space Next to Ross

      Retail space available next to Ross Dress For Less.
      32074 Gratiot Avenue | Roseville, MI 48066
      View Details
    • Contact for pricing

      Profitable Commercial Building For Sale

      Commercial building with a profitable business included in sale.
      17423 Martin Rd, Roseville, MI
      View Details
    • $6 SF/Yr
      25,900 SF

      Roseville Warehouse Space Available

      25,900 SF warehouse space for lease in Roseville.
      28300 Groesbeck Hwy, Roseville, MI
      View Details
    • $1,500/Mo
      1,000 SF

      Roseville Office Space Available

      Two 1,000 SF office units for lease in Roseville.
      28311 Gratiot, Roseville, MI 48066
      View Details
    • Contact for pricing

      Macomb Mall Retail Space Available

      Regional mall with enhanced retail mix in Roseville, Michigan.
      32233 Gratiot Ave, Roseville, MI 48066
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Walmart-anchored Roseville Town Center.
    Where is this shopping center located?
    The property is located at 28774-28802 Gratiot Ave Roseville, MI.
    What are key features of this property?
    This property features: Walmart‑anchored shopping center.; Located at the intersection of 12 Mile Road and Gratiot Avenue with combined traffic of over 60,500 vehicles per day.; Proximity to eastern Macomb County’s regional trade area and Macomb Mall.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brad Rosenberg
    Real Estate License ID: 6501204147
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28774-28802 Gratiot Ave, Roseville, MI 48066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!