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    Roseville, MI 48066
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    Property profile & analytics

    , Roseville, MI 48066

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    • Warehouses
    • 1,750 SF
    • 0.54 lot acres
    Off-Market
    Last Sale May 27, 2021
    $625,000
    Property ID
    US43-3354328
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1960
    Lot size
    0.54 lot acres
    Zone code
    I-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    08-14-07-276-015
    APU
    81407276015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 27, 2021 $625,000 30003 Groesbeck LLC R M J H LLC Warranty Deed —
    Apr 28, 2021 — R M J H LLC Jerry Hentkowski Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9529
    Latitude
    42.5173
    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
    $2,773
    $0.00
    $0.00
    $32,500
    -
    $0.00
    $0.00
    $65,000

    Comparable in this City

    • Value Estimation
      $3,190,000
      40,383 SF

      30340 Gratiot Ave

      MINI-WAREHOUSE, STORAGE
      30340 Gratiot Ave, Roseville, MI 48066-1765
      View Details
    • Value Estimation by Request
      3,168 SF

      29314 Calahan Rd

      MINI-WAREHOUSE, STORAGE
      29314 Calahan Rd, Roseville, MI 48066-1843
      View Details
    • Value Estimation by Request
      4,066 SF

      28190 Groesbeck Hwy

      MINI-WAREHOUSE, STORAGE
      28190 Groesbeck Hwy, Roseville, MI 48066-2389
      View Details
    • Value Estimation
      $1,600,000
      14,235 SF

      28279 Groesbeck Hwy

      MINI-WAREHOUSE, STORAGE
      28279 Groesbeck Hwy, Roseville, MI 48066-2344
      View Details
    • Value Estimation by Request
      6,355 SF

      30201 Little Mack Ave

      MINI-WAREHOUSE, STORAGE
      30201 Little Mack Ave, Roseville, MI 48066-2243
      View Details
    • Value Estimation by Request
      2,380 SF

      26635 Gratiot Ave

      MINI-WAREHOUSE, STORAGE
      26635 Gratiot Ave, Roseville, MI 48066-3372
      View Details

    Similar Nearby for Sale

    • $900,000
      12,340 SF

      Warehouse with Drive-Thru and Roll-Ups

      Warehouse flex space with drive-thru capability and two roll-up doors on Gratiot Avenue in Roseville.
      25333 Gratiot Ave, Roseville, MI 48066
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    • Contact for pricing
      3,800 SF

      Renovated Auto Business Property

      Turnkey 3,800 SF building renovated in 2025 for auto business.
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      17,322 SF

      Industrial Building on Groesbeck Highway

      17,322 SF industrial building with warehouse and office space.
      30744 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      129,021 SF

      Roseville Industrial Building For Sale

      Industrial building suitable for manufacturing, warehousing, and distribution.
      30450 Little Mack Ave, Roseville, MI 48066
      View Details
    • Contact for pricing
      12,340 SF

      Gratiot Avenue Commercial Property

      Commercial property with drive-thru, roll-up doors, and expressway access.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space Available

      Adaptable space suitable for storage, gym, creative or commercial uses.
      32105 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      Showroom and Warehouse Space Available

      Window-lined showroom with warehouse component in high-traffic area.
      29710 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      25,900 SF

      Roseville Warehouse Space Available

      25,900 SF warehouse space for lease in Roseville.
      28300 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • Contact for pricing
      5,346 SF

      Roseville Warehouse Space Available

      5,346 SF warehouse space for lease in Roseville, MI.
      28500 Hayes Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Retail Front Industrial Building

      Retail front industrial building with one exterior overhead door.
      30903 Groesbeck Hwy, Roseville, MI 48066
      View Details
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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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