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

    20600 E 13 Mile Rd Roseville, MI 48066

    • Outlet malls
    • 60,024 SF
    • 5.22 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Jun 22, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0161311
    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

    • Ollie's Bargain Outlet / Garden Center / Hardware Store

    Property Details for 20600 E 13 Mile Rd

    Year built
    1995
    Lot size
    5.22 lot acres
    Property size
    60,024 SF
    Zone code
    B-2
    Property type
    Outlet malls
    APN
    08-14-09-226-014
    APU
    81409226014

    Description

    This exceptional single-story, Class B retail strip center, located at 20600 13 Mile Road in Roseville, Michigan, offers 60,024 square feet of retail space. The property boasts a prime location in Macomb County, with excellent visibility and accessibility. Currently, there are two suites available, ranging from 1,960 to 4,698 contiguous square feet. The entire vacant space totals 4,698 square feet, presenting a significant opportunity for a single tenant or multiple smaller businesses. The center is zoned B2 - Community Business, allowing for a variety of retail uses. Ample parking is provided with 241 spaces for customer convenience. The property benefits from its strategic location near major retailers such as Abc Warehouse, Ollie's Bargain Outlet, PetSmart, and Home Depot, ensuring high foot traffic and strong brand recognition. The property's parcel number is 08-14-09-226-014. This is an excellent opportunity for businesses seeking high-visibility retail space in a thriving commercial area. The property is situated in Roseville, MI, zip code 48066.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,839,000
      Market price range: $2.27M - $6.17M
      AI Estimate
      $3,839,000
      Market price range: $2.27M - $6.17M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,000,000
      Current use
      COMMERCIAL (GENERAL)
      $6,300,000
      Change: +57% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,165,000
      Change: +29% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,050,000
      Change: +1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,550,000
      Change: -11% Conversion: Difficult
      OFFICE BUILDING
      $3,290,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9097
    Latitude
    42.5232
    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
    $53,349
    $0.00
    $0.00
    $1,542,200
    -
    $0.00
    $0.00
    $3,084,400

    Comparable in this City

    • Value Estimation
      $12,180,000
      131,812 SF

      31720 Gratiot Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 131,812 SF
      31720 Gratiot Ave, Roseville, MI 48066-4554
      View Details
    • Value Estimation
      $2,135,000
      25,258 SF

      20530 13th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 25,258 SF
      20530 13th Mile Rd, Roseville, MI 48066-4593
      View Details
    • Value Estimation
      $8,975,000
      148,932 SF

      20500 13th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 148,932 SF
      20500 13th Mile Rd, Roseville, MI 48066-4542
      View Details
    • Value Estimation by Request
      9,591 SF

      32123 Gratiot Ave, Unit C

      WHOLESALE OUTLET, DISCOUNT STORE • 9,591 SF
      32123 Gratiot Ave, Roseville, MI 48066-1147
      View Details
    • Value Estimation
      $4,130,000
      108,967 SF

      20891 13th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 108,967 SF
      20891 13th Mile Rd, Roseville, MI 48066-4530
      View Details
    • Value Estimation
      $1,960,000
      46,171 SF

      32070 Gratiot Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 46,171 SF
      32070 Gratiot Ave, Roseville, MI 48066-1140
      View Details

    Similar Nearby for Sale

    • $750,000
      12,340 SF

      Roseville Auto Shop Investment

      12,340 SF Auto Shop/Flex Space
      25333 Gratiot Ave, Roseville, MI 48066
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    • Contact for pricing
      166,890 SF

      Roseville Retail Opportunity: 166,890 SF

      166,890 SF retail space on 16.80 acres in Roseville.
      17580 Frazho Rd, Roseville, MI 48066
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    • $210,000
      1,706 SF

      Gratiot Avenue Commercial Property

      Commercial property on Gratiot near I-696 with high traffic volume.
      27380 Gratiot Ave, Roseville, MI 48066
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    • $399,900
      4,800 SF

      Retail Building on Gratiot Avenue

      4800 Sqft retail building with parking on Gratiot Avenue.
      26631 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      166,890 SF

      Roseville Retail Center - 166,890 SF

      Large Retail Building, High-Traffic Area
      17580 Frazho Rd, Roseville, MI 48066
      View Details
    • $199,999
      2,190 SF

      Roseville Retail Space: Prime Location

      High-visibility convenience store, ample parking.
      16325 Eleven Mile Rd, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,624 SF

      Roseville Retail Center - Great Visibility

      High-traffic retail space, immediate occupancy.
      31835 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
    • $13 SF/Yr
      4,000 SF

      Roseville Creative Office Space

      1,000 SF Endcap, High Visibility
      30711 Utica Rd, Roseville, MI 48066
      View Details
    • Contact for pricing
      11,099 SF

      Roseville Retail Space - 11,099 SF

      High-traffic retail space, ideal location.
      25996 Gratiot Ave, Roseville, MI 48066
      View Details
    • $10 SF/Yr
      12,000 SF

      Prime Macomb County Retail Space

      12,000 SF Strip Center, 1,500 SF Vacant
      30500-30520 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      Roseville Commercial Property For Rent

      Commercial property available for rent in Roseville, Michigan.
      29710 Groesbeck Hwy, Roseville, MI 48066
      View Details
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    20600 E 13 Mile Rd
    Roseville, MI 48066
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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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