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Property profile & analytics
FOR SALE
Warehouses
17580 Frazho Rd Roseville, MI 48066
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1199232
For Sale
1 / 6
$10,970,000
17580 Frazho Rd, Roseville, MI 48066
View Listing →
Property summary
AI-generated overview
This expansive retail property, located at 17580 Frazho Road in Roseville, Michigan, offers 166,890 square feet of space on a 16.8-acre lot. Built in 1999, the building is zoned B-3 (General Business), providing significant flexibility for a variety of retail uses. The property boasts a prime location within a thriving commercial area, surrounded by major retailers including Costco, Kroger, Walgreens, Rite Aid, Dollar General, Fifth Third Bank, Save-a-lot, Tim Horton's, Dairy Queen, Taco Bell, and Hungry Howie's. This high-traffic location ensures excellent visibility and accessibility for potential tenants or buyers. The property's 2016 assessed and taxable value was $2,346,246, with total annual taxes amounting to $162,358.79 (Summer taxes: $98,829.81
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
167,589 SF
Lot
16.8 ac (731,808 SF)
Zoning code
B-3
APN
08-14-20-326-040
UPID
US43-1199232
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
-
Uhaul Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.97M
Blend (final)
Blend
$10.97M
Owner & transaction history
Kmart Corp · 8 yrs held
Kmart Corp
since 2017
7 recorded transactions
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.6M
+55.6%
Auto repair, garage
$14.4M
+27.5%
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
WAREHOUSE, STORAGE
$11,300,000
Current use
COMMERCIAL (GENERAL)
$17,585,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,415,000
Change: +28% · Conversion: Easy
RETAIL STORES
$11,175,000
Change: -1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,915,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$9,185,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.97M
Range $9.87M – $12.07M · ±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
$65 / 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
$299,999
Tax year 2022
Assessed value
$4,185,700
Assessed 2023
Previous assessed
$4,021,900
+4.1% YoY
Effective rate
7.17%
On assessed value
Total market value
$8,371,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1999
Heating
FORCED AIR
Stories
1
Total area
167,589 SF
Lot
16.8 ac (731,808 SF)
Zoning code
B-3
APN
08-14-20-326-040
UPID
US43-1199232
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Roseville, MI
Zoning B-3 · permitted uses
B-3 · Roseville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$14.4M
RETAIL STORES
Est. value
$11.2M
INDUSTRIAL (GENERAL)
Est. value
$9.9M
OFFICE BUILDING
Est. value
$9.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1999
Heating
FORCED AIR
Stories
1
Lot
16.8 ac
Current owner
From public records · entity-resolved
Kmart Corp
Entity
Free & Clear · 8 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Arec 34 LLC
—
Deed
related
$80,500,000
Oct 9, 2018
—
Kmart Corp
—
Loan Modification
related
$1,000,000,000 · Jpp LLC
Jun 14, 2018
—
K Mart Corp
—
Loan Modification
related
$1,000,000,000 · Jpp LLC
Oct 11, 2017
—
Kmart Corp
Kmart Of Michigan INC
Quit Claim Deed
related
—
Jan 27, 2017
—
Kmart Corp
—
Deed
related
—
Jan 17, 2017
—
Kmart Corp
—
Deed
related
$500,000,000 · Private Individual
—
—
Kmart Corp
—
Deed Of Trust
related
$500,000,000 · Private Individual
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?”
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