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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Flex space
29181 Calahan Rd Roseville, MI 48066-1850
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1791596
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Total area
40,200 SF
Lot
2.76 ac (120,226 SF)
Zoning code
I-2
APN
08-14-07-351-011
UPID
US43-1791596
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
-
North Coast Studios (Bike/Boat/Book/etc) Store Theater & Performing Art Venue
-
Preston's Work Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$530k
Owner & transaction history
Skins Calahan LLC · 13 yrs held
Skins Calahan LLC
since 2012
6 recorded transactions
Zoning & alternative use
I-2 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ions. Article XIII (Reserved) Article XIV I-1 Light Industrial District § 370-43 Intent. § 370-44 Principal permitted uses. § 370-45 Uses permitted subject to special conditions. § 370-46 Required conditions. Article XV I-2 General Industrial District. § 370-47 Intent. § 370-48 Principal permitted uses. § 370-49 Permitted uses subject to special conditions.…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
945.85 ac
Top alternative use upside
Warehouse, storage
$2.7M
+14.0%
Retail stores
$2.7M
+12.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,380,000
Current use
WAREHOUSE, STORAGE
$2,710,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,680,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$2,205,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$13 / 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
$46,331
Tax year 2022
Assessed value
$550,000
Assessed 2023
Previous assessed
$815,000
-32.5% YoY
Effective rate
8.42%
On assessed value
Total market value
$1,100,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Stories
1
Total area
40,200 SF
Lot
2.76 ac (120,226 SF)
Zoning code
I-2
APN
08-14-07-351-011
UPID
US43-1791596
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Roseville, MIZoning I-2 · permitted uses
I-2 · Roseville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ions. Article XIII (Reserved) Article XIV I-1 Light Industrial District § 370-43 Intent. § 370-44 Principal permitted uses. § 370-45 Uses permitted subject to special conditions. § 370-46 Required conditions. Article XV I-2 General Industrial District. § 370-47 Intent. § 370-48 Principal permitted uses. § 370-49 Permitted uses subject to special conditions. § 370-50 Required conditions. Article XVI P-1 Vehicular Parking District § 370-51 I
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
945.85 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1975
Heating
FORCED AIR
Stories
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Skins Calahan LLC
Entity
Mailing address
16431 CHATHAM DR, CLINTON TOWNSHIP, MI 48035-1121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
—
Crown Investments LLC
—
Deed
related
$835,000 · First Independence Bank
May 28, 2019
—
Cron Investments LLC
—
Deed
related
$850,000 · First National Bank In Howell
May 18, 2016
—
Skins Calahan LLC
—
Deed
related
$450,000 · People Driven Cu
Dec 28, 2012
—
Skins Calahan LLC
Esmar Ents LLP
Warranty Deed
$697,500 · Comerica Bank
—
—
Skins Calahan LLC
—
Deed Of Trust
related
$450,000 · People Driven Cu
—
—
Skins Calahan LLC
—
Deed Of Trust
related
$450,000 · Cherrywood Com'l Lndg
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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