15555 Mile Rd Roseville, MI 48066
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.