Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$495,000
Flex space
15301 12th Mile Rd Roseville, MI 48066-1834
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-3413838
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
17,600 SF
Lot
1.15 ac (50,094 SF)
Zoning code
I-2
APN
08-14-07-351-025
UPID
US43-3413838
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$495k
Owner & transaction history
12 Mile Sub LLC · 11 yrs held
12 Mile Sub LLC
since 2015
7 recorded transactions
Zoning & alternative use
I-2 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ions. Article XIII (Reserved) Article XIV I-1 Light Industrial District § 370-43 Intent. § 370-44 Principal permitted uses. § 370-45 Uses permitted subject to special conditions. § 370-46 Required conditions. Article XV I-2 General Industrial District. § 370-47 Intent. § 370-48 Principal permitted uses. § 370-49 Permitted uses subject to special conditions.…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
945.85 ac
Top alternative use upside
Warehouse, storage
$1.2M
+14.0%
Retail stores
$1.2M
+12.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,040,000
Current use
WAREHOUSE, STORAGE
$1,185,000
Change: +14% · Conversion: Easy
RETAIL STORES
$1,175,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$965,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$495k
Range $446k – $545k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,075
Tax year 2022
Assessed value
$255,800
Assessed 2023
Previous assessed
$255,400
+0.2% YoY
Effective rate
6.28%
On assessed value
Total market value
$511,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Stories
1
Total area
17,600 SF
Lot
1.15 ac (50,094 SF)
Zoning code
I-2
APN
08-14-07-351-025
UPID
US43-3413838
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Roseville, MIZoning I-2 · permitted uses
I-2 · Roseville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ions. Article XIII (Reserved) Article XIV I-1 Light Industrial District § 370-43 Intent. § 370-44 Principal permitted uses. § 370-45 Uses permitted subject to special conditions. § 370-46 Required conditions. Article XV I-2 General Industrial District. § 370-47 Intent. § 370-48 Principal permitted uses. § 370-49 Permitted uses subject to special conditions. § 370-50 Required conditions. Article XVI P-1 Vehicular Parking District § 370-51 I
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
945.85 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$965,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
12 Mile Sub LLC
Entity
Mailing address
28454 WOODWARD AVE, ROYAL OAK, MI 48067-0937
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
12 Mile Sub LLC
—
Deed
related
$334,000 · Level One Bk
Jan 16, 2015
—
12 Mile Sub LLC
Pompano Properties I LLC
Warranty Deed
$280,000 · Level One Bank
Jan 6, 2015
—
Pompano Properties II LLC
Pompano Properties I LLC
Quit Claim Deed
related
—
Mar 10, 2014
$197,500
Pompano Properties I LLC
Le Borden Co
Warranty Deed
—
Aug 28, 2013
—
Pompano Properties I LLC
Brown-borden,craig W & Patrice
Warranty Deed
—
Aug 26, 2013
—
Craig W Brown-borden
Borden Margaret A Trust
Quit Claim Deed
—
—
—
12 Mile Sub LLC
—
Loan Modification
related
$334,000 · Level One Bk
—
—
Lumani Ents LLC
—
Deed Of Trust
related
$960,000 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15301 12th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
