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    Riverview Retail and Office Space Title is generated by Realmo AI

    19016-19230 Fort Street, Riverview, MI 48193

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    For Lease
    Contact for pricing

    Retail and office spaces available for lease in Riverview.

    Type:Retail, Office, Restaurant
    Added:
    Dec 28, 2024
    Days on Market:
    504
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 19016-19230 Fort Street

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 19016-19230 Fort Street Contact us

    Suite 19040 $12/Mo

    Size
    3,000 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19050 $12/Mo

    Size
    2,000 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19060 $12/Mo

    Size
    2,000 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19070 $12/Mo

    Size
    4,500 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19150 $12/Mo

    Size
    1,200 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19158 $12/Mo

    Size
    1,600 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19154 $12/Mo

    Size
    1,680 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19166 $12/Mo

    Size
    1,600 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19170 $12/Mo

    Size
    1,600 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19186 $12/Mo

    Size
    1,419 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19200 $12/Mo

    Size
    1,440 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19204 $12/Mo

    Size
    1,440 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19208 $12/Mo

    Size
    1,440 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19212 $12/Mo

    Size
    1,440 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19220 $12/Mo

    Size
    1,300 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19224 $12/Mo

    Size
    4,003 SF
    Type
    Retail
    Lease Rate $12.00 PSFnEstimated NNN’s $2.52 PSF
    Contact us

    Suite 19162 $12/Mo

    Size
    1,600 SF
    Type
    Restaurant
    Estimated NNN’s: $2.52 PSFn2nd Gen Restaurant
    Contact us
    Show more

    We can help!

    Listing Contact
    Nicholas Shaba

    Listing agent Nicholas Shaba License #MI--

    Listing office CMP Real Estate Group

    Listing date Dec 28, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CMP Real Estate Group

    HighLights

    • For Lease

    Overview

    This property offers retail and office spaces for lease. Located in Riverview, Michigan, the property is suitable for retail, office, and restaurant businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1907855
    Latitude
    42.1692736

    Nearby Similar for Lease

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    • $4 SF/Yr
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      Industrial Space with FTZ Designation

      Industrial building offering flexible space, FTZ designation, and rail access.
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      10,000 SF

      Riverview Office Space For Rent

      2,000 SF Class B office space available for rent.
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      Commercial Property For Sale/Lease

      Commercial property available for sale or lease.
      18555 Fort St, Riverview, MI 48193
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      17020-17124 Fort Street, Riverview, MI 48193
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available for lease in Riverview.
    Where is this retail space located?
    The property is located at 19016-19230 Fort Street Riverview, MI.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nicholas Shaba
    Real Estate License ID: MI--
    Learn More
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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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    19016-19230 Fort Street, Riverview, MI 48193
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