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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16970 13th Mile Rd Roseville, MI 48066-7719

    • Commercial real estate
    • 7,448 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Mar 16, 2025
    $1,500,000
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0755087
    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.

    Current Use by Public Records

    • Jazel's Nails & Beauty Bar / Nail Salon
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Approved Cash Gold Buyers / General Contractor / Construction Company
    • Fresh Flavors / Take-out & Catering
    • Smokin' Bear Tobacco / (Bike/Boat/Book/etc) Store

    Property Details for 16970 13th Mile Rd

    Year built
    1997
    Lot size
    0.65 lot acres
    Property size
    7,448 SF
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    08-14-08-102-010
    APU
    81408102010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $930,000
      Market price range: $294k - $1.11M
      AI Estimate
      $930,000
      Market price range: $294k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $780,000
      Current use
      RESTAURANT
      $1,055,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $915,000
      Change: +17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9448
    Latitude
    42.5238
    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
    $22,328
    $0.00
    $0.00
    $342,200
    -
    $0.00
    $0.00
    $684,400

    Comparable in this City

    • Value Estimation
      $10,250,000
      143,568 SF

      28800 Gratiot Ave

      COMMERCIAL (GENERAL) • 143,568 SF
      28800 Gratiot Ave, Roseville, MI 48066-4235
      View Details
    • Value Estimation
      $565,000
      5,180 SF

      30151 Gratiot Ave

      COMMERCIAL (GENERAL) • 5,180 SF
      30151 Gratiot Ave, Roseville, MI 48066-1715
      View Details
    • Value Estimation
      $1,195,000
      12,259 SF

      16110 12th Mile Rd

      COMMERCIAL (GENERAL) • 12,259 SF
      16110 12th Mile Rd, Roseville, MI 48066-2352
      View Details
    • Value Estimation
      $830,000
      10,660 SF

      16933 12th Mile Rd

      COMMERCIAL (GENERAL) • 10,660 SF
      16933 12th Mile Rd, Roseville, MI 48066-2479
      View Details
    • Value Estimation by Request
      2,280 SF

      18002 13th Mile Rd

      COMMERCIAL (GENERAL) • 2,280 SF
      18002 13th Mile Rd, Roseville, MI 48066-1603
      View Details
    • Value Estimation by Request
      2,280 SF

      18008 13th Mile Rd

      COMMERCIAL (GENERAL) • 2,280 SF
      18008 13th Mile Rd, Roseville, MI 48066-1603
      View Details

    Similar Nearby for Sale

    • $179,900
      1.33 Acres

      Roseville Commercial Land - 1.33 Acres

      1.33-acre commercial lot, build-to-suit.
      0 13 Mile Rd, Roseville, MI 48066
      View Details
    • $2,500,000
      34.36 Acres

      Roseville Development Land

      34-Acre Site, High Visibility, Income Producing
      20900 14 Mile Rd, Roseville, MI 48066
      View Details
    • $150,000

      Roseville Commercial Land - $150K

      Prime B-3 zoned land, 19,600 sq ft.
      29030 Utica Rd, Roseville, MI 48066
      View Details
    • $595,000
      6,699 SF

      Roseville Medical Office Building

      Prime Medical Office, 6,699 SF, Vacant
      25509 Kelly Rd, Roseville, MI 48066
      View Details
    • $2,900,000
      24,887 SF

      Dinover Plaza: Roseville Retail Center

      High-traffic retail center, strong NOI.
      25205 Gratiot Ave, Roseville, MI 48066
      View Details
    • $225,000
      1,706 SF

      Roseville Industrial Building - High Traffic!

      Prime Gratiot Ave location, high visibility, 1706 sqft.
      27380 Gratiot Ave, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,856 SF

      28774-28802 Gratiot Ave

      Retail properties • 85,856 SF
      28774-28802 Gratiot Ave, Roseville, MI 48066
      View Details
    • $9 SF/Yr
      232,717 SF

      Roseville Industrial Manufacturing Space

      232,717 SF Manufacturing Facility, Macomb East
      29880 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Corner Location

      Highly visible retail space with ample parking and easy access.
      18703 E 10 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Roseville Commercial Property For Rent

      Commercial property available for rent in Roseville, Michigan.
      18292 E 13 Mile Rd, Roseville, MI 48066
      View Details
    • $10 SF/Yr
      16,120 SF

      Gratiot Ave Warehouse Space Available

      Large Warehouse, Flexible Layout, High Ceilings
      30526-30530 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      30,035 SF

      Retail Space in Gratiot Plaza

      Retail space available in Roseville's Gratiot Plaza Shopping Center.
      30701-30851 Gratiot Ave, Roseville, MI 48066
      View Details
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    Roseville, MI 48066-7719
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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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