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Property profile & analytics
FOR SALE
Retail space
28735 Gratiot Ave Roseville, MI 48066-4249
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1677815
No photos on file
For Sale
$895,000
28735 Gratiot Ave, Roseville, MI 48066-4249
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
5,130 SF
Lot
0.34 ac (14,810 SF)
Zoning code
B-3
APN
08-14-17-231-025
UPID
US43-1677815
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
LaundroLab Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$585k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
2k Brothers LLC · 1 yrs held
2k Brothers LLC
since 2025
Last sale
$860,000
7 recorded transactions
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
70-34 Required conditions. Article XI B-2 Community Business District § 370-35 Intent. § 370-36 Principal permitted uses . § 370-37 Permitted uses subject to special conditions. § 370-38 Required conditions. Article XII B-3 General Business District § 370-39 Intent. § 370-40 Principal permitted uses. § 370-41 Uses permitted subject to special conditions. § 3…
Zone name
General Business
General category
COMMERCIAL
Zone area
1.15 ac
Top alternative use upside
Restaurant
$725,000
+112.6%
Medical building
$630,000
+84.2%
Commercial (general)
$540,000
+57.4%
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%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
RESTAURANT
$725,000
Change: +113% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $860k (Jul 21 2024)
Last sale anchor
$860k
Jul 21 2024
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
$259 / 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
$12,938
Tax year 2022
Assessed value
$177,500
Assessed 2023
Previous assessed
$169,300
+4.8% YoY
Effective rate
7.29%
On assessed value
Total market value
$355,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1965
Heating
FORCED AIR
Stories
1
Total area
5,130 SF
Lot
0.34 ac (14,810 SF)
Zoning code
B-3
APN
08-14-17-231-025
UPID
US43-1677815
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Roseville, MIZoning 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
Zoning description
70-34 Required conditions. Article XI B-2 Community Business District § 370-35 Intent. § 370-36 Principal permitted uses . § 370-37 Permitted uses subject to special conditions. § 370-38 Required conditions. Article XII B-3 General Business District § 370-39 Intent. § 370-40 Principal permitted uses. § 370-41 Uses permitted subject to special conditions. § 370-42 Required conditions. Article XIII (Reserved) Article XIV I-1 Light Industrial
Zone name
General Business
General category
COMMERCIAL
Zone area
1.15 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$725,000
MEDICAL BUILDING
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$540,000
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1965
Heating
FORCED AIR
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
2k Brothers LLC
Entity
Mailing address
1052 LUNAAI ST, KAILUA, HI 96734-4634
Ownership since
2025
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
Feb 3, 2025
—
2k Brothers LLC
Laith Kassab
Quitclaim Deed
related
—
Oct 21, 2024
$860,000
Laith Kassab
Roseville Susan LLC
Warranty Deed
—
Feb 14, 2020
$1,200,000
Roseville Susan LLC
Napa Properties LLC
Warranty Deed
$1,570,000 · Bank Of The Ozarks
Feb 14, 2020
—
Roseville Susan LLC
—
Deed
related
$1,570,000 · Bank Ozk
Apr 12, 2012
$260,000
Napa Properties LLC
Kobacker Associates II LP
Warranty Deed
—
—
—
Roseville Susan LLC
—
Deed Of Trust
related
$1,570,000 · Bank Ozk
—
—
Napa Properties LLC
—
Deed Of Trust
related
$425,000 · Bank Of Mi
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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