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    15420 12th Mile Rd Roseville, MI 48066-1839
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    Property profile & analytics

    15420 12th Mile Rd, Roseville, MI 48066-1839

    View on Map
    • Distribution centers
    • 50,571 SF
    • 3.19 lot acres
    Off-Market
    Property ID
    US43-1685302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vintage Wine Co / Brewery & Distillery / Big Box & Wholesale Store

    Property Details for 15420 12th Mile Rd

    Year built
    2005
    Lot size
    3.19 lot acres
    Zone code
    I-2
    Property type
    Distribution centers
    APN
    08-14-18-101-038
    APU
    81418101038

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2016 — G5 Companies I LLC — Deed · related $1.9M · Jp Morgan Chase Bk
    Nov 18, 2005 — G5 Companies I LLC — Trustees Deed · related $2.8M · Comerica Bank
    Sep 2, 2005 — G5 Companies I LLC Kemp Building & Dev Warranty Deed —
    Mar 18, 2005 $1,000,000 Kemp Building & Dev Co Hofley Manufacturing Warranty Deed —
    — — G5 Companies I LLC — Deed Of Trust · related $1.9M · Jp Morgan Chase Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,585,000
      Market price range: $1.10M - $6.35M
      AI Estimate
      $3,585,000
      Market price range: $1.10M - $6.35M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,410,000
      Current use
      COMMERCIAL (GENERAL)
      $5,305,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,350,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $3,370,000
      Change: -1% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,990,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $2,770,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9645
    Latitude
    42.5068
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $76,641
    $0.00
    $0.00
    $1,368,000
    -
    $0.00
    $0.00
    $2,736,000

    Comparable in this City

    • Value Estimation by Request
      24,950 SF

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      30526-30530 Gratiot Ave

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    • Value Estimation
      $3,620,000
      54,580 SF

      15460 12th Mile Rd

      DISTRIBUTION WAREHOUSE
      15460 12th Mile Rd, Roseville, MI 48066-1839
      View Details
    • Value Estimation
      $3,915,000
      64,639 SF

      29585 Calahan Rd

      DISTRIBUTION WAREHOUSE
      29585 Calahan Rd, Roseville, MI 48066-1855
      View Details
    • Value Estimation
      $3,175,000
      68,812 SF

      27733 Groesbeck Hwy

      DISTRIBUTION WAREHOUSE
      27733 Groesbeck Hwy, Roseville, MI 48066-2758
      View Details

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      Manufacturing Facility with Renovated Offices

      First-class manufacturing facility with renovated offices and covered truckwell.
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    • $2,000,000
      11,440 SF

      Roseville Industrial Property on Groesbeck

      Industrial property on Groesbeck Highway, ideal for owner or developer.
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    • $900,000
      12,340 SF

      Warehouse with Drive-Thru and Roll-Ups

      Warehouse flex space with drive-thru capability and two roll-up doors on Gratiot Avenue in Roseville.
      25333 Gratiot Ave, Roseville, MI 48066
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      15,675 SF

      Industrial Building with Fenced Lot

      Well-maintained industrial building on 0.95-acre lot, ideal for manufacturing.
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      24,950 SF

      Industrial Property with High Exposure

      24,950 SF industrial property, 100% occupied, great location.
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    Similar Nearby for Lease

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      Versatile Flex Space Available

      Adaptable space suitable for storage, gym, creative or commercial uses.
      32105 Gratiot Ave, Roseville, MI 48066
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    • Contact for pricing

      Showroom and Warehouse Space Available

      Window-lined showroom with warehouse component in high-traffic area.
      29710 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      25,900 SF

      Roseville Warehouse Space Available

      25,900 SF warehouse space for lease in Roseville.
      28300 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      5,346 SF

      Roseville Warehouse Space Available

      5,346 SF warehouse space for lease in Roseville, MI.
      28500 Hayes Rd, Roseville, MI 48066
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    • Contact for pricing

      Retail Front Industrial Building

      Retail front industrial building with one exterior overhead door.
      30903 Groesbeck Hwy, Roseville, MI 48066
      View Details
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    Roseville, MI 48066-1839
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    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
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