Freestanding Office
18555 Fort St Riverview, MI 48193
18555 Fort St, Riverview, MI, 48193
$199,000
For Sale
$199,000
Immaculately clean, recently renovated 1,731 SF freestanding office building on Fort Street, zoned B-3.
Property Size1,731 SF
Price / SF$114.96
Days on Market190
Property Features for 18555 Fort St
General Information
- Standard status
- Active
- Size
- 1,731 SF
- Property subtype
- Office
Listing agency
Friedman Integrated Real Estate
(248) 324-2000
Listed by
Greg Hornby · License #6501313839
(248) 324-2000
Source
Cpix.resimplifi
Added: Jan 13 Updated: Jul 22 at 8:05AM Checked: Jul 22 at 8:05AM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
This freestanding office building offers 1,731 SF and is described as impeccably clean and recently renovated. The property is positioned to support a range of retail or office uses, subject to the applicable zoning and approvals.
The building is located on heavily traveled Fort Street.
Zoned B-3 General Business, the property may be suitable for both office and retail users seeking a freestanding location.
The building is located on heavily traveled Fort Street.
Zoned B-3 General Business, the property may be suitable for both office and retail users seeking a freestanding location.
Key Highlights
- 1,731 SF freestanding office building
- Located on heavily traveled Fort Street
- Recently renovated and described as impeccably clean
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.9k | $14.40 |
| − Vacancy | −$1.5k | −$0.86 |
| EGI | $23.4k | $13.54 |
| − OpEx | −$7.0k | −$4.06 |
| NOI | $16.4k | $9.48 |
1,731 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$234.3K
$205.0K – $273.4K
NOI $16,402 @ 7.0% cap · market cap 8.24%
Second Best
Office B
$85.1K
$74.5K – $99.3K
NOI $5,959 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$320.5K
$280.4K – $373.9K
NOI $22,434 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Immaculately clean, recently renovated 1,731 SF freestanding office building on Fort Street, zoned B-3.
Where is this office building located?
The property is located at 18555 Fort St Riverview, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,731 SF freestanding office building; Located on heavily traveled Fort Street; Recently renovated and described as impeccably clean
