Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29030 Utica Rd Roseville, MI 48066
    Back to Search
    Property profile & analytics

    29030 Utica Rd, Roseville, MI 48066

    View on Map
    • Commercial land
    • 1,711 SF
    • 0.45 lot acres
    For Sale
    $150,000
    View Listing →
    Vacant Land on Corner Lot For Sale
    $150,000
    0.45 Acres

    Vacant Land on Corner Lot

    Vacant land available on the corner of 12 Mile.

    29030 Utica Rd, Roseville, MI 48066
    View Listing
    Property ID
    US43-0117015
    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

    • Commercial land

    Property Details for 29030 Utica Rd

    Year built
    1975
    Lot size
    0.45 lot acres
    Zone code
    B-1
    Property type
    Commercial land
    APN
    08-14-08-455-005
    APU
    81408455005

    Description

    This exceptional commercial land parcel presents a unique investment opportunity in Roseville, Michigan. Located at 29030 Utica Road, this 19,600 square foot lot sits on the northeast corner of 12 Mile and Utica Road, offering unparalleled visibility and accessibility. The property is zoned B-3, allowing for a variety of general business uses. The lot dimensions are 140 feet by 140 feet, providing a nearly square footprint ideal for development. A deed restriction is in place, specifying permitted uses as gasoline and convenience stores. This prime location, combined with the favorable zoning and convenient size, makes this an attractive proposition for developers seeking a high-traffic area with significant potential for return on investment. The asking price is $150,000. Serious inquiries are encouraged. The property is located in Macomb County, Michigan, with a zip code of 48066.

    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
    -82.9358
    Latitude
    42.51
    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
    $3,181
    $0.00
    $0.00
    $37,400
    -
    $0.00
    $0.00
    $74,800

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      16251 12th Mile Rd

      VACANT COMMERCIAL LAND
      16251 12th Mile Rd, Roseville, MI 48066-2379
      View Details
    • Value Estimation by Request
      0.10 Acres

      30545 Beaconsfield St

      VACANT COMMERCIAL LAND
      30545 Beaconsfield St, Roseville, MI 48066-1738
      View Details
    • Value Estimation by Request
      0.04 Acres

      30111 Gratiot Ave

      VACANT COMMERCIAL LAND
      30111 Gratiot Ave, Roseville, MI 48066-1715
      View Details
    • Value Estimation by Request
      0.17 Acres

      Roseville, MI 48066

      VACANT COMMERCIAL LAND
      Roseville, MI 48066
      View Details
    • Value Estimation by Request
      0.28 Acres

      Roseville, MI 48066

      VACANT COMMERCIAL LAND
      Roseville, MI 48066
      View Details
    • Value Estimation by Request
      0.22 Acres

      Roseville, MI 48066

      VACANT COMMERCIAL LAND
      Roseville, MI 48066
      View Details

    Similar Nearby for Sale

    • $161,100

      Commercial Land on 13 Mile

      Land available for retail, industrial, mixed-use, or special purpose.
      13 Thirteen Mile Rd, Madison Heights, MI 48066
      View Details
    • $161,100
      1.33 Acres

      Commercial Land with Road Frontage

      Build-to-suit commercial land with a proposed multi-tenant building plan and substantial visibility on a major road.
      13 13 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Prime Land on 13 Mile

      Commercial land for sale with high visibility and easy access.
      13 13 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land zoned for general business use.
      29030 Utica Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      High-Visibility Land Parcel on I-94

      34.36-acre land parcel with high visibility and income potential.
      20900 E 14 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Vacant Land on Corner Lot

      Vacant land available on the corner of 12 Mile.
      29030 Utica Rd, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development Opportunity

      Vacant land parcel with drive-thru approval in high-traffic area.
      31327 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
      View Details
    • Contact for pricing

      Showroom and Warehouse Space Available

      Window-lined showroom with warehouse component in high-traffic area.
      29710 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing

      Retail Space Next to Ross

      Retail space available next to Ross Dress For Less.
      32074 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      25,900 SF

      Roseville Warehouse Space Available

      25,900 SF warehouse space for lease in Roseville.
      28300 Groesbeck Hwy, Roseville, MI 48066
      View Details
    View Listing
    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.
    29030 Utica Rd
    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
    29030 Utica Rd, 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!