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Property profile & analytics
FOR LEASE
Outlet malls
32074 Gratiot Ave Roseville, MI 48066
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-2217270
For Lease
1 / 2
$1,595,000
32074 Gratiot Ave, Roseville, MI 48066
View Listing →
Property summary
AI-generated overview
This exceptional 20,797 square foot retail property, situated at the highly visible intersection of Gratiot Avenue and Masonic Boulevard in Macomb County's East submarket, presents a unique investment opportunity. Built in 1986, this single-story building sits on a 1.72-acre lot and offers 108 convenient parking spaces, including one truck well. The property is currently fully vacant and ready for immediate occupancy. Its prime location offers unparalleled visibility and accessibility, boasting excellent signage opportunities and proximity to major thoroughfares, including easy access to I-94. The strategic placement directly across from the Macomb Mall and the newly opened Chick-fil-A guarantees high foot traffic and significant brand exposure. The property is zoned for retail and commercial use, making it suitable for a wide range of businesses. The lease rate is $15.00 per square foot, NNN. This is a rare chance to secure a substantial retail space in a thriving, high-demand location.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1986
Total area
20,797 SF
Lot
1.72 ac (74,793 SF)
Zoning code
B-3
APN
08-14-04-276-029
UPID
US43-2217270
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
-
Petco Vaccination Clinic Veterinary Clinic
-
Petco (Bike/Boat/Book/etc) Store Pet Store
-
Petco Dog Training Animal Training
-
fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
-
Petco Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.60M
Owner & transaction history
Pacific Petc-roseville LLC · 10 yrs held
Pacific Petc-roseville LLC
since 2015
1 recorded transaction
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+84.2%
Commercial (general)
$2.2M
+57.4%
Auto repair, garage
$1.8M
+29.0%
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
$1,385,000
Current use
MEDICAL BUILDING
$2,555,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,180,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,790,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,405,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,230,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$77 / 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
$41,034
Tax year 2022
Assessed value
$640,900
Assessed 2023
Previous assessed
$607,400
+5.5% YoY
Effective rate
6.40%
On assessed value
Total market value
$1,281,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1986
Heating
FORCED AIR
Stories
1
Total area
20,797 SF
Lot
1.72 ac (74,793 SF)
Zoning code
B-3
APN
08-14-04-276-029
UPID
US43-2217270
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
$1.4M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1986
Heating
FORCED AIR
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Pacific Petc-roseville LLC
Entity
Mailing address
2900 PO BOX 25991ST RD STE #500, LOS ANGELES, CA 90025-0991
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2015
—
Pacific Petc-roseville LLC
Toys R Us-delaware INC
Trustees Deed
$2,475,000 · Miscellaneous Ins Co
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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