Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18251 Eastland St Roseville, MI 48066
    Back to Search
    Property profile & analytics

    18251 Eastland St Roseville, MI 48066

    View on Map
    • Industrial properties
    • 1,200 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US43-0023489
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 18251 Eastland St

    Year built
    1919
    Lot size
    0.11 lot acres
    Property size
    1,200 SF
    Property type
    Industrial properties

    Description

    This exceptional 1,200 square foot industrial property presents a rare opportunity in the heart of Roseville, Michigan. Located at 18251 Eastland, this building is situated on a 0.11-acre lot and includes all existing equipment as part of the sale price of $215,000. A significant advantage is the inclusion of an additional lot located behind the main building, offering potential for expansion or extra storage. The property's prime location within the community provides excellent accessibility and visibility. This is a turnkey opportunity for a business seeking a ready-to-use space with existing equipment, eliminating the need for significant upfront investment in setup and infrastructure. The property is currently available and ready for immediate occupancy. The seller is motivated, making this an attractive investment for a discerning buyer. Don't miss this chance to acquire a well-situated industrial property with added land in a thriving Michigan community. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.93236
    Latitude
    42.51352

    Comparable in this City

    • $7,250,000

      Roseville Industrial Property For Sale

      Industrial property in Roseville's "Green Zone" with expansion potential.
      27733 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $649,000
      9,900 SF

      Roseville Industrial Portfolio: 9,900 SF

      Two industrial buildings, great investment opportunity.
      27882 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      12,340 SF

      Gratiot Avenue Investment Opportunity

      Mixed-use property with drive-thru, excellent exposure, and investment potential.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details
    • $2,000,000
      11,440 SF

      Roseville Industrial Property on Groesbeck

      Industrial property on Groesbeck Highway, ideal for owner or developer.
      29100 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $900,000
      12,340 SF

      Roseville Commercial/Industrial Opportunity

      Mixed-use commercial/industrial property with drive-thru capability in Roseville, MI.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      24,950 SF

      Industrial Property with High Exposure

      24,950 SF industrial property, 100% occupied, great location.
      15555 Mile Rd, Roseville, MI 48066
      View Details

    Similar Nearby for Sale

    • $649,000
      9,900 SF

      Roseville Commercial/Industrial Portfolio For Sale

      Two-building portfolio near I-696 and I-94, suitable for investors or users.
      27882 Gratiot Ave, Roseville, MI 48066
      View Details
    • $7,250,000

      Roseville Industrial Property For Sale

      Industrial property in Roseville's "Green Zone" with expansion potential.
      27733 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $649,000
      9,900 SF

      Roseville Industrial Portfolio: 9,900 SF

      Two industrial buildings, great investment opportunity.
      27882 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      12,340 SF

      Gratiot Avenue Investment Opportunity

      Mixed-use property with drive-thru, excellent exposure, and investment potential.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details
    • $2,000,000
      11,440 SF

      Roseville Industrial Property on Groesbeck

      Industrial property on Groesbeck Highway, ideal for owner or developer.
      29100 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $900,000
      12,340 SF

      Roseville Commercial/Industrial Opportunity

      Mixed-use commercial/industrial property with drive-thru capability in Roseville, MI.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Front Industrial Building

      Retail front industrial building with one exterior overhead door.
      30903 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing

      Roseville Industrial Space For Lease

      Industrial space available for lease with freeway exposure and signage.
      30526-30530 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      New Industrial Space in Roseville

      Under construction industrial space available for lease in late 2025.
      29850 Calahan Rd, Roseville, MI 48066
      View Details
    • $7 SF/Yr
      5,346 SF

      Roseville Warehouse Space Available

      5,346 SF warehouse space for lease in Roseville, MI.
      28500 Hayes Rd, Roseville, MI 48066
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18251 Eastland St
    Roseville, MI 48066
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18251 Eastland St, Roseville, MI, 48066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!