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    Property profile & analytics

    Ecorse Rd Belleville, MI 48111

    • Warehouses
    • 1,000,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Ecorse Rd

    Property size
    1,000,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at Ecorse Road in Van Buren Township, Michigan, presents a significant opportunity for businesses seeking substantial warehouse space. Situated on a generous 75-acre lot in Wayne County, this Willow Run Commerce Park location offers a total of 1,000,000 square feet of warehouse space within a single building. The property is currently entirely vacant, providing a unique chance for build-to-suit options to perfectly match your operational needs. Flexible lease terms are available, accommodating businesses requiring anywhere from 100,000 to 1,000,000 contiguous square feet. The property's location in Belleville, MI (zip code 48111) offers excellent access to major transportation routes, streamlining logistics and distribution. This is an unparalleled opportunity to secure a large, modern warehouse facility in a prime industrial location. The property is classified as multi-tenant, allowing for potential subleasing opportunities. Contact us today to discuss your specific requirements and explore the possibilities of establishing your operations in this impressive warehouse space. The property's size and flexibility make it ideal for a wide range of industrial and logistics businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4764
    Latitude
    42.2487

    Comparable in this City

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      100,000 SF

      Ecorse Rd

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    • Value Estimation
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      6703 Haggerty Rd

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      $8,235,000
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      6201 Haggerty Rd

      DISTRIBUTION WAREHOUSE • 229,604 SF
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    • Value Estimation
      $725,000
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      8251 Rawsonville Rd

      DISTRIBUTION WAREHOUSE • 11,000 SF
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    • Value Estimation
      $28,435,000
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      48649 Schooner St

      DISTRIBUTION WAREHOUSE • 524,579 SF
      48649 Schooner St, Van Buren Township, MI 48111-5370
      View Details
    • Value Estimation
      $19,615,000
      437,835 SF

      8500 Haggerty Rd

      WAREHOUSE, STORAGE • 437,835 SF
      8500 Haggerty Rd, Van Buren Township, MI 48111-1821
      View Details

    Similar Nearby for Sale

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      100,000 SF

      Willow Run Warehouse Opportunity

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      0 Ecorse Rd, Belleville, MI 48111
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    • $2,950,000
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      Belleville Industrial Property - 43,176 SF

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      New Van Buren Warehouse Space

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      29.30 Acres

      Belleville Industrial Land - 29 Acres

      Prime M-1 zoned land, rail access, utilities.
      0 Ecorse Rd, Belleville, MI 48111
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    • $250,000
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      Belleville Industrial Property - $250K

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    • $749,000
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      Industrial properties • 7,761 SF
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    Similar Nearby for Lease

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      1,000,000 SF

      Willow Run Warehouse Space Available

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      0 Ecorse Rd, Belleville, MI 48111
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      628,000 SF

      Crossroads Distribution Center - North

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      42060 Ecorse Rd, Belleville, MI 48111
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    • Contact for pricing
      628,000 SF

      Crossroads Distribution Center - North

      265-acre industrial park in Van Buren Township, Michigan.
      42040 Ecorse Rd, Belleville, MI 48111
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    • $9 SF/Yr
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      Industrial Space Available For Lease

      Industrial property available for lease with 59,329 square feet.
      42000 Ecorse Rd, Belleville, MI 48111
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    • $6,900 /Mo
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      Belleville Industrial Space For Lease

      16,800 SF industrial space with M-2 zoning in Belleville.
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      9,114 SF

      Belleville Road Retail Opportunity

      High-traffic retail spaces available in Belleville, MI
      10401 Belleville Rd, Belleville, MI 48111
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    Belleville, MI 48111
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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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