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Property profile & analytics
OFF-MARKET
Estimated value
$20,015,000
Commercial real estate
31900 Gratiot Ave, Roseville, MI 48066-4587
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4969142
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
209,501 SF
Lot
17.74 ac (772,754 SF)
Zoning code
B-3
APN
08-14-04-426-013
UPID
US43-4969142
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
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.02M
Blend (final)
Blend
$20.02M
Owner & transaction history
Gratiot Center Tic LLC · 7 yrs held
Gratiot Center Tic LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.7M
+35.1%
Medical building
$25.7M
+17.1%
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
COMMERCIAL (GENERAL)
$21,985,000
Current use
RESTAURANT
$29,700,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$25,730,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$18,020,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$20.02M
Range $18.01M – $22.02M · ±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
$96 / 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
$276,446
Tax year 2022
Assessed value
$7,363,100
Assessed 2023
Previous assessed
$6,952,300
+5.9% YoY
Effective rate
3.75%
On assessed value
Total market value
$14,726,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
209,501 SF
Lot
17.74 ac (772,754 SF)
Zoning code
B-3
APN
08-14-04-426-013
UPID
US43-4969142
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Roseville, MI
Zoning 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
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$22.0M
RESTAURANT
Est. value
$29.7M
MEDICAL BUILDING
Est. value
$25.7M
AUTO REPAIR, GARAGE
Est. value
$18.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1988
Heating
FORCED AIR
Stories
1
Lot
17.74 ac
Current owner
From public records · entity-resolved
Gratiot Center Tic LLC
Entity
Mailing address
6735 TELEGRAPH RD STE #110, BLOOMFIELD HILLS, MI 48301-3143
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
—
Gratiot Center Tic LLC
Daniel H Peltier JR
Warranty Deed
$2,500,000 · Flagstar Bk
Apr 16, 2019
—
Gratiot Center Associates LP
—
Loan Modification
related
$2,500,000 · Flagstar Bk
Sep 5, 2017
—
Gratiot Center Associates LP
Staten,jo Ann
Warranty Deed
—
Sep 5, 2017
$240,000
Gratiot Center Associates LP
Dluge Adelle M Trust
Grant Deed
—
Sep 1, 2017
—
Gratiot Center Associates LP
Mleczko,donna M
Warranty Deed
—
Sep 11, 2014
—
Joann Staten
Staten,joann
Quit Claim Deed
related
—
Apr 17, 2012
—
Jo Ann Staten
Peltier Nancy A Trust
Grant Deed
related
—
—
—
Gratiot Center Assocs LP
—
Deed Of Trust
related
—
—
—
Gratiot Center Assocs LP
—
Deed Of Trust
related
—
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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