Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    King Rd Riverview, MI 48193
    Back to Search
    Property profile & analytics

    King Rd Riverview, MI 48193

    View on Map
    • Industrial properties
    • 11,111 SF
    • 2.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for King Rd

    Lot size
    2.45 lot acres
    Property size
    11,111 SF
    Property type
    Industrial properties

    Description

    This exceptional 11,111 square foot industrial property presents a remarkable opportunity for businesses seeking high visibility and convenient access. Situated on a 2.45-acre lot at the prominent intersection of Dix Toledo Highway and King Road in Riverview, Michigan, this property boasts 200 feet of frontage on the busy Dix Toledo Highway, ensuring maximum exposure to a high volume of daily traffic. The property's Business zoning allows for a wide range of commercial uses, making it ideal for various enterprises, including those in the fast-food industry. The substantial lot size offers ample space for expansion, parking, and outdoor operations. Prospective buyers are encouraged to contact the Brownstown Township authorities to verify the precise locations of water and sewer lines. This prime location, combined with its generous size and high-traffic exposure, makes this property an exceptional investment opportunity with significant potential for growth and profitability. The asking price is $125,000. Don't miss this chance to secure a highly visible and strategically located industrial property in a thriving community.

    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
    Riverview
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2284
    Latitude
    42.1835

    Comparable in this City

    • Value Estimation
      $4,305,000
      61,404 SF

      18640 Dix Toledo Hwy

      INDUSTRIAL (GENERAL) • 61,404 SF
      18640 Dix Toledo Hwy, Brownstown, MI 48193-8466
      View Details
    • Value Estimation by Request
      4,024 SF

      11643 Pennsylvania Rd

      INDUSTRIAL (GENERAL) • 4,024 SF
      11643 Pennsylvania Rd, Riverview, MI 48193
      View Details
    • Value Estimation by Request
      2,498 SF

      18759 Krause St

      INDUSTRIAL (GENERAL) • 2,498 SF
      18759 Krause St, Riverview, MI 48193-4248
      View Details
    • Value Estimation
      $915,000
      22,360 SF

      11781 Longsdorf St

      INDUSTRIAL (GENERAL) • 22,360 SF
      11781 Longsdorf St, Riverview, MI 48193-4200
      View Details
    • Value Estimation by Request
      4,611 SF

      20060 Sibley Rd

      INDUSTRIAL (GENERAL) • 4,611 SF
      20060 Sibley Rd, Brownstown, MI 48193-8430
      View Details
    • Value Estimation
      $680,000
      9,660 SF

      18472 Allen Rd

      INDUSTRIAL (GENERAL) • 9,660 SF
      18472 Allen Rd, Brownstown, MI 48193-8403
      View Details

    Similar Nearby for Sale

    • $8,300,000
      59 SF

      Premier Logistics Site Available

      Industrial land suitable for logistics, truck terminal, or warehouse.
      18550 Allen Rd, Riverview, MI 48193
      View Details
    • Contact for pricing
      3,601 SF

      Downriver Retail Space Opportunity

      Retail space on busy Fort St with liquor license.
      17780 Fort St, Riverview, MI 48193
      View Details
    • $375,000
      2 SF

      Commercial Lot on Sibley Road

      2.27 acre commercial lot for sale on Sibley Road.
      13800 Sibley Rd, Riverview, MI 48193
      View Details
    • Contact for pricing

      135 Acres Available For Sale

      135 acres of land available for sale.
      18303 Allen Rd, Riverview, MI 48193
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Modernized Warehouse Space Available

      Renovated warehouse with updated systems and convenient highway access.
      20505 Sibley Rd, Brownstown, MI 48193
      View Details
    • $4 SF/Yr
      383,769 SF

      Industrial Space with FTZ Designation

      Industrial building offering flexible space, FTZ designation, and rail access.
      17423 West Jefferson Ave, Riverview, MI 48193
      View Details
    • Contact for pricing

      Commercial Property For Sale/Lease

      Commercial property available for sale or lease.
      18555 Fort St, Riverview, MI 48193
      View Details
    • $16 SF/Yr
      1,800 SF

      Prime Retail Space Available

      1,800 SF retail space in Riverview, Michigan.
      13620-13720 Sibley Rd, Riverview, MI 48193
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      17020-17124 Fort St, Riverview, MI 48193
      View Details
    • Contact for pricing

      Dix Toledo Hwy Land Parcel

      Land parcel at Dix Toledo Hwy and Sibley Rd.
      18835 Dix Toledo Hwy, Brownstown, MI 48193
      View Details
    Request Owner's contact information
    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.
    King Rd
    Riverview, MI 48193
    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
    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

    Thank You for Inquiry
    King Rd, Riverview, MI, 48193
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!