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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    31960 Gratiot Ave Roseville, MI 48066-4586

    • Turn key restaurants
    • 4,909 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5086031
    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.

    Current Use by Public Records

    • Panera Bread / Breakfast Restaurant / Cafe

    Property Details for 31960 Gratiot Ave

    Year built
    1994
    Lot size
    0.59 lot acres
    Property size
    4,909 SF
    Zone code
    B-3
    Property type
    Turn key restaurants
    APN
    08-14-04-426-006
    APU
    81404426006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $871,000
      Market price range: $426k - $1.16M
      AI Estimate
      $871,000
      Market price range: $426k - $1.16M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $695,000
      Current use
      MEDICAL BUILDING
      $605,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9136
    Latitude
    42.5315
    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
    $22,311
    $0.00
    $0.00
    $423,100
    -
    $0.00
    $0.00
    $846,200

    Comparable in this City

    • Value Estimation
      $640,000
      3,392 SF

      28560 Gratiot Ave

      RESTAURANT • 3,392 SF
      28560 Gratiot Ave, Roseville, MI 48066-4238
      View Details
    • Value Estimation
      $915,000
      4,730 SF

      32773 Gratiot Ave

      RESTAURANT • 4,730 SF
      32773 Gratiot Ave, Roseville, MI 48066-1152
      View Details
    • Value Estimation
      $1,920,000
      10,455 SF

      30750 Little Mack Ave

      RESTAURANT • 10,455 SF
      30750 Little Mack Ave, Roseville, MI 48066-1761
      View Details
    • Value Estimation by Request
      1,758 SF

      28055 Groesbeck Hwy

      RESTAURANT • 1,758 SF
      28055 Groesbeck Hwy, Roseville, MI 48066-2388
      View Details
    • Value Estimation
      $1,665,000
      7,065 SF

      20201 13th Mile Rd

      RESTAURANT • 7,065 SF
      20201 13th Mile Rd, Roseville, MI 48066-4501
      View Details
    • Value Estimation
      $670,000
      5,251 SF

      29850 Groesbeck Hwy

      RESTAURANT • 5,251 SF
      29850 Groesbeck Hwy, Roseville, MI 48066-1925
      View Details

    Similar Nearby for Sale

    • $900,000
      12,340 SF

      Roseville Commercial Property on Gratiot

      Commercial property with drive-thru, roll-up doors, and excellent exposure.
      25333 Gratiot Ave, Roseville, MI 48066
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    • $2,747,000
      10,455 SF

      Single-Tenant Cracker Barrel Asset

      NNN leased Cracker Barrel in Roseville, MI for sale.
      30750 Little Mack Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      166,890 SF

      Roseville Retail Center - 166,890 SF

      Large Retail Building, High-Traffic Area
      17580 Frazho Rd, Roseville, MI 48066
      View Details
    • $179,900
      1.33 Acres

      Roseville Commercial Land - 1.33 Acres

      1.33-acre commercial lot, build-to-suit.
      0 13 Mile Rd, Roseville, MI 48066
      View Details
    • $2,900,000
      24,887 SF

      Dinover Plaza: Roseville Retail Center

      High-traffic retail center, strong NOI.
      25205 Gratiot Ave, Roseville, MI 48066
      View Details
    • $595,000
      3,520 SF

      Roseville Commercial/Industrial Package For Sale

      Two buildings on one parcel, including a car wash.
      30201-30225 Little Mack Ave, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • $53 SF/Yr
      18,131 SF

      Roseville Retail Space For Lease

      Prime Restaurant Space, Macomb East, MI
      32901 Gratiot Ave, Roseville, MI 48066
      View Details
    • $12 SF/Yr
      4,698 SF

      Restaurant Space For Lease

      4,698 SF restaurant space with high traffic exposure.
      20600 E 13 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing
      11,099 SF

      Roseville Retail Space - 11,099 SF

      High-traffic retail space, ideal location.
      25996 Gratiot Ave, Roseville, MI 48066
      View Details
    • $10 SF/Yr
      12,000 SF

      Prime Macomb County Retail Space

      12,000 SF Strip Center, 1,500 SF Vacant
      30500-30520 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      Roseville Commercial Property For Rent

      Commercial property available for rent in Roseville, Michigan.
      29710 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $3,440 /Mo

      Car Wash & Industrial Buildings

      Two buildings for rent: car wash and industrial space.
      30201 Little Mack Ave, Roseville, MI 48066
      View Details
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    31960 Gratiot Ave
    Roseville, MI 48066-4586
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    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
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