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Property profile & analytics
FOR SALE
Flex space
15642 Common Rd Roseville, MI 48066
Individually Owned
20-yr Hold
Free & Clear
Property ID
US43-1600088
For Sale
1 / 13
Contact for pricing
15642 Common Rd, Roseville, MI 48066
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Total area
15,582 SF
Lot
0.86 ac (37,462 SF)
Zoning code
I-2
APN
08-14-07-326-003
UPID
US43-1600088
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
Current use
Occupant on record · Public records
-
Grippe Machining/Manufacturing Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$270k
Owner & transaction history
Salvatore V Militello · 20 yrs held
Salvatore V Militello
since 2005
1 recorded transaction
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
$1.1M
+14.0%
Retail stores
$1.0M
+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)
$920,000
Current use
WAREHOUSE, STORAGE
$1,050,000
Change: +14% · Conversion: Easy
RETAIL STORES
$1,040,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$855,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$17 / 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
$10,958
Tax year 2022
Assessed value
$201,100
Assessed 2023
Previous assessed
$193,000
+4.2% YoY
Effective rate
5.45%
On assessed value
Total market value
$402,200
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
For Sale
Year built
1963
Heating
FORCED AIR
Stories
1
Total area
15,582 SF
Lot
0.86 ac (37,462 SF)
Zoning code
I-2
APN
08-14-07-326-003
UPID
US43-1600088
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
$920,000
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$855,000
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
1963
Heating
FORCED AIR
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Salvatore V Militello
Individual
Free & Clear · 20 yrs held
Mailing address
15642 CMN RD, ROSEVILLE, MI 48066-1826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2005
—
Salvatore V Militello
Grippe Sarah J
Quit Claim Deed
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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