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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Schools
31542 Gratiot Ave Roseville, MI 48066-4555
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1131196
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1973
Total area
5,160 SF
Lot
0.64 ac (27,661 SF)
Zoning code
B-3
APN
08-14-04-403-005
UPID
US43-1131196
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
-
Church Texting | TEXT CONNECT Church Mosque
-
Village of Shiny Stars 3 Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Motor City Journey LP · 3 yrs held
Motor City Journey LP
since 2023
Last sale
$525,000
4 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
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
$545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$730,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$350,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$345,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (May 3 2023)
Last sale anchor
$525k
May 3 2023
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
$102 / 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
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Stories
1
Total area
5,160 SF
Lot
0.64 ac (27,661 SF)
Zoning code
B-3
APN
08-14-04-403-005
UPID
US43-1131196
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
$730,000
MEDICAL BUILDING
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$350,000
RETAIL STORES
Est. value
$345,000
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1973
Heating
FORCED AIR
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Motor City Journey LP
Entity
Mailing address
12 BAYVIEW AVE UNIT #280, LAWRENCE, NY 11559-4013
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
$525,000
Motor City Journey LP
Conquerors Church And Ministries In
Warranty Deed
—
May 3, 2023
$499,000
Conquerors Church And Ministries In
Stockemer & Stcokemer LLC
Warranty Deed
—
Jul 5, 2017
—
Conquerors Church
Stockemer & Stockemer LLC
Quit Claim Deed
related
—
—
—
Stockemer
—
Deed Of Trust
related
$500,000 · Flagstar Bank Fsb
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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