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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Retail space
31980 Gratiot Ave Roseville, MI 48066-4586
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-4800240
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
7,551 SF
Lot
0.81 ac (35,284 SF)
Zoning code
B-3
APN
08-14-04-426-005
UPID
US43-4800240
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
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Rush My Passport Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$775k
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
$1.1M
+112.6%
Medical building
$925,000
+84.2%
Commercial (general)
$790,000
+57.4%
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
RETAIL STORES
$505,000
Current use
RESTAURANT
$1,070,000
Change: +113% · Conversion: Easy
MEDICAL BUILDING
$925,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$650,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$103 / 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
$28,158
Tax year 2022
Assessed value
$441,500
Assessed 2023
Previous assessed
$427,200
+3.3% YoY
Effective rate
6.38%
On assessed value
Total market value
$883,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Stories
1
Total area
7,551 SF
Lot
0.81 ac (35,284 SF)
Zoning code
B-3
APN
08-14-04-426-005
UPID
US43-4800240
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
RETAIL STORES Current
Est. value
$505,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$510,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1977
Heating
FORCED AIR
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Gratiot Center Tic LLC
Entity
Free & Clear · 7 yrs held
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
—
Apr 16, 2019
—
Gratiot Center Associates LP
—
Loan Modification
related
$2,500,000 · Flagstar Bk
Sep 5, 2017
$240,000
Gratiot Center Associates LP
Dluge Adelle M Trust
Grant Deed
—
Sep 5, 2017
—
Gratiot Center Associates LP
Staten,jo Ann
Warranty Deed
—
Sep 1, 2017
—
Gratiot Center Associates LP
Mleczko,donna M
Warranty Deed
—
Sep 11, 2014
—
Joanne 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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