Riverview Retail Space For
19230 Fort St Riverview, MI 48193
19230 Fort St, Riverview, MI, 48193
Contact for pricing
For Sale
Contact for pricing
Retail space available for purchase in Riverview, Michigan.
Property Size5,753 SF
Price / SF$112.98
Days on Market957
Property Features for 19230 Fort St
General Information
- Standard status
- Active
- Size
- 5,753 SF
- Property subtype
- Retail
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Anthony J. Vitale · License #6505422306
Source
Crexi
Added: Dec 7, 2023 Updated: Jul 6 at 8:10AM Checked: Jul 19 at 8:38AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 5,753-square-foot retail space available for sale. The property is located in Riverview, Michigan.
Key Highlights
- No property information was provided to extract selling points.
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 | $82.8k | $14.40 |
| − Vacancy | −$5.0k | −$0.86 |
| EGI | $77.9k | $13.54 |
| − OpEx | −$23.4k | −$4.06 |
| NOI | $54.5k | $9.48 |
5,753 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$778.7K
$681.4K – $908.5K
NOI $54,511 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$932.0K – $1.24M
NOI $74,559 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space available for purchase in Riverview, Michigan.
Where is this retail space located?
The property is located at 19230 Fort St Riverview, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
