Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10840 Belleville Rd Van Buren Charter Township, MI 48111

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail spaces available.

    Lot size:
    23,850 SF

    Property Features for 10840 Belleville Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,850 SF

    Spaces For Lease

    at 10840 Belleville Rd, Van Buren Charter Township, MI 48111 Contact us
    Unit Former Pharmacy

    $15 /Mo

    Size
    1,750 SF
    Contact us
    Unit Suit e10972

    $10 /Mo

    Size
    15,000 SF
    Contact us

    We can help!

    Listing Contact
    Kathleen Garmo
    Kathleen Garmo

    Listing Agent: Kathleen Garmo

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

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity in Belleville, Michigan, offers multiple spaces ranging from 1,750 to 15,000 square feet, located at 10840 Belleville Road, zip code 48111. The property is a street retail/strip center with multiple tenancies available. One notable space is a former pharmacy, presenting a unique chance for a variety of businesses. The location boasts high visibility and foot traffic, benefiting from its proximity to established national tenants such as Planet Fitness, Dollar Tree, and Hungry Howie's. This prime location in Van Buren Charter Township provides easy access for customers and employees alike. The available spaces are ideal for a range of retail uses, offering flexibility for businesses seeking to establish or expand their presence in a thriving commercial area. The property's address is 10840 Belleville Road, Belleville, MI 48111. Interested parties are encouraged to inquire about specific space availability and lease terms. This is a rare opportunity to secure a prominent retail location in a high-demand area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.486745555732
    Latitude
    42.223173622228

    Nearby Similar for Lease

    • Contact for pricing
      43,948 SF

      Van Buren Plaza: Belleville Retail Space

      Belleville Road retail, office, medical space available.
      11700 Belleville Rd, Van Buren Charter Township, MI 48111
      View Details
    • $12 SF/Yr
      8,873 SF

      Belleville Retail Space For Lease

      8,873 SF Retail Space - Prime Location
      444 Main St, Van Buren Charter Township, MI 48111
      View Details
    • Contact for pricing
      6,000 SF

      Belleville Retail Center - For Lease

      6,000 SF Retail Space, Two Suites Available
      6040-6054 Rawsonville Rd, Van Buren Charter Township, MI 48111
      View Details
    • $18 SF/Yr
      2,000 SF

      Prime Huron River Retail Space

      2,000 SF Retail Space, Van Buren Twp, MI
      51300 Huron Riv Dr, Van Buren Charter Township, MI 48111
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail spaces available.
    Where is this neighborhood center located?
    The property is located at 10840 Belleville Rd Van Buren Charter Township, MI.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Multiple retail spaces available, 1,750 - 15,000 SF, at 10840 Belleville Road, Belleville, MI 48111.; Street retail/strip center with high visibility and foot traffic.; Located near Planet Fitness, Dollar Tree, and Hungry Howie's.
    (248) 406-1761 Call to check price and availability
    Request Owner's contact information
    10840 Belleville Rd Van Buren Charter Township, MI 48111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10840 Belleville Rd
    Van Buren Charter Township, MI 48111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    10840 Belleville Rd Van Buren Charter Township, MI 48111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kathleen Garmo
    Kathleen Garmo
    (248) 406-1761
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!