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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Outlet malls
32101 Gratiot Ave, Roseville, MI 48066-1147
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4755327
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Total area
93,458 SF
Zoning code
B-2
APN
08-14-04-252-003
UPID
US43-4755327
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.90M
CAP Approach
CAP
$10.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.90M
Owner & transaction history
Rhino Holdings Roseville LLC · 1 yrs held
Rhino Holdings Roseville LLC
since 2024
Last sale
$7.9M
1 recorded transaction
Zoning & alternative use
B-2 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.5M
+84.2%
Commercial (general)
$9.8M
+57.4%
Auto repair, garage
$8.0M
+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
$7,900,000
ML approach
$7,900,000
CAP Approach
CAP Return
Estimation
6%
$11,515,000
6.5%
$10,630,000
7%
$9,870,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,230,000
Current use
MEDICAL BUILDING
$11,480,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,805,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,040,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,305,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,530,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$5,120,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$7.90M
Range $7.11M – $8.69M · ±10% · vs last sale $7.90M (Nov 21 2024)
Last sale anchor
$7.90M
Nov 21 2024
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
$85 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,541,700
Assessed 2024
Total market value
$3,083,400
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
Off-Market
Year built
1964
Heating
FORCED AIR
Stories
1
Total area
93,458 SF
Zoning code
B-2
APN
08-14-04-252-003
UPID
US43-4755327
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Roseville, MI
Zoning B-2 · permitted uses
B-2 · 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
$6.2M
MEDICAL BUILDING
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.1M
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
1964
Heating
FORCED AIR
Stories
1
Current owner
From public records · entity-resolved
Rhino Holdings Roseville LLC
Entity
Mailing address
2600 W BIG BEAVER RD STE #410, TROY, MI 48084-3342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 21, 2024
$7,900,000
Rhino Holdings Roseville LLC
Ace Roseville LLC
Deed
$5,100,000 · Ignite Funding
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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