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    26601 Gratiot Ave Roseville, MI 48066
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    Property profile & analytics

    26601 Gratiot Ave, Roseville, MI 48066

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    • Medical Office Space
    • 2,288 SF
    • 0.06 lot acres
    For Sale
    $179,000
    View Listing →
    Corner Parcel Mixed-Use Property For Sale
    $179,000
    2,288 SF

    Corner Parcel Mixed-Use Property

    Two buildings with income potential in Roseville, Michigan.

    26601 Gratiot Avenue, Roseville, MI 48066
    View Listing
    Property ID
    US43-1107216
    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

    • Sunrise Properties Inc / Real Estate Agency
    • American Expo Pros / Medical Clinic
    • Bobby D Lewis, Amazing Real Estate Solutions / Real Estate Agency
    • REGGIE FLUKER, AMAZING! Real Estate Solutions / Real Estate Agency
    • Michigan Community Development Corporation / Charitable Organization / Social Service Agency

    Property Details for 26601 Gratiot Ave

    Year built
    1949
    Lot size
    0.06 lot acres
    Property size
    2,288 SF
    Zone code
    B-3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    08-14-20-130-032
    APU
    81420130032

    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
    -82.9409
    Latitude
    42.4917
    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
    $3,372
    $0.00
    $0.00
    $47,600
    -
    $0.00
    $0.00
    $95,200

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      20805 12th Mile Rd

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      18001 10th Mile Rd

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    • Value Estimation by Request
      1,217 SF

      18285 10th Mile Rd, Unit 11

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      18285 10th Mile Rd, Unit 12

      MEDICAL BUILDING • 1,766 SF
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      View Details
    • Value Estimation by Request
      2,068 SF

      18285 10th Mile Rd, Unit 14

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      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Roseville Office/Medical Space For Sale

      Well-maintained 1,525 SF office/medical space near I-94 and I-696.
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      Roseville Office Space For Sale

      Office space in Roseville, minutes from I-94 and I-696.
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      Medical/Office Building Investment Opportunity

      Professionally managed medical/office building for sale. Fully leased.
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      Professional Office Campus For Sale

      Six-building professional office campus with existing exam rooms, premier eastside location.
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      Gratiot Avenue Commercial Space Available

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      27115 Gratiot Ave, Roseville, MI 48066
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      Office Space with Groesbeck Frontage

      Office space available on Groesbeck Hwy, Roseville, MI.
      27432 Groesbeck Hwy, Roseville, MI 48066
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      1,000 SF

      Roseville Office Space Available

      Two 1,000 SF office units for lease in Roseville.
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      Office/Retail Building with Signage

      Well-maintained building with showroom, offices, restrooms, and kitchenette.
      16190-16236 13 Mile Rd, Roseville, MI 48066
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      Gratiot Avenue Retail Space Available

      Retail space for lease with showroom and recreational potential.
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    View Listing
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    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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    26601 Gratiot Ave, Roseville, MI, 48066
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