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    19011 10th Mile Rd Roseville, MI 48066-3901
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    Property profile & analytics

    19011 10th Mile Rd Roseville, MI 48066-3901

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    • Medical Office Space
    • 2,583 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Jan 24, 2025
    $350,000
    Property ID
    US43-4914298
    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

    • Medical Office Space

    Property Details for 19011 10th Mile Rd

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    2,583 SF
    Zone code
    O-S
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    08-14-21-353-024
    APU
    81421353024

    Description

    This exceptional 2,583 square foot freestanding medical building presents a unique investment opportunity in Roseville, Michigan. Situated on a 0.28-acre corner lot, the property offers convenient wraparound parking for patients and staff. A comprehensive renovation in 2010 included a new roof and a modern medical build-out, perfectly suited for healthcare professionals. The functional layout is designed for optimal efficiency and includes five well-equipped exam rooms, three private offices, a lab, an x-ray room, a kitchen area, a spacious waiting/reception area, and two bathrooms. A large, open area is specifically designated for the receptionist. This meticulously maintained building is located in a thriving residential neighborhood, providing excellent visibility and accessibility. Its strategic location offers easy access to I-94, Kelly Road, and Gratiot Avenue, ensuring convenient commutes for both patients and staff. The combination of a prime location, modern updates, and a practical design makes this property an outstanding investment for medical practitioners or investors seeking a high-return asset in a desirable market. The asking price is $375,000.

    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
    -82.9233
    Latitude
    42.4806
    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
    $7,837
    $0.00
    $0.00
    $106,800
    -
    $0.00
    $0.00
    $213,600

    Comparable in this City

    • Value Estimation by Request
      3,375 SF

      18303 10th Mile Rd

      MEDICAL BUILDING • 3,375 SF
      18303 10th Mile Rd, Roseville, MI 48066-4988
      View Details
    • Value Estimation
      $690,000
      5,778 SF

      20805 12th Mile Rd

      MEDICAL BUILDING • 5,778 SF
      20805 12th Mile Rd, Roseville, MI 48066-6502
      View Details
    • Value Estimation
      $2,500,000
      23,520 SF

      18001 10th Mile Rd

      MEDICAL BUILDING • 23,520 SF
      18001 10th Mile Rd, Roseville, MI 48066-3803
      View Details
    • Value Estimation by Request
      1,217 SF

      18285 10th Mile Rd, Unit 11

      MEDICAL BUILDING • 1,217 SF
      18285 10th Mile Rd, Roseville, MI 48066-5802
      View Details
    • Value Estimation by Request
      1,766 SF

      18285 10th Mile Rd, Unit 12

      MEDICAL BUILDING • 1,766 SF
      18285 10th Mile Rd, Roseville, MI 48066-5802
      View Details
    • Value Estimation by Request
      2,068 SF

      18285 10th Mile Rd, Unit 14

      MEDICAL BUILDING • 2,068 SF
      18285 10th Mile Rd, Roseville, MI 48066-5802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,296 SF

      Office Suite For Sale

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      Professional Office Campus Suite

      Office suite in a six-building professional campus, ready for occupancy.
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      Professional Medical Office Campus

      Six-building campus with existing dental suite and recent upgrades.
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    • $139,000
      1,525 SF

      Roseville Office/Medical Space For Sale

      Well-maintained 1,525 SF office/medical space near I-94 and I-696.
      25650 Kelly Rd, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Gratiot Avenue Commercial Space Available

      Office, medical, or retail space for lease on Gratiot.
      27115 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      Medical/Office Building Unit Available

      Professionally managed medical/office building unit for sale or lease.
      25869 Kelly Rd -, Roseville, MI 48066
      View Details
    • $13 SF/Yr

      Office/Retail Building with Signage

      Well-maintained building with showroom, offices, restrooms, and kitchenette.
      16190-16236 13 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Gratiot Avenue Retail Space Available

      Retail space for lease with showroom and recreational potential.
      30548 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      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

      Versatile Commercial Space For Rent

      Adaptable commercial space with kitchen, bathrooms, and garage.
      28905 Utica Rd, Roseville, MI 48066
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    19011 10th Mile Rd
    Roseville, MI 48066-3901
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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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    19011 10th Mile Rd, Roseville, MI, 48066
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