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

    Van Buren Twp Van Buren Charter Township, MI 48111

    • Land
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 0 Van Buren Twp

    Lot size
    0.41 lot acres
    Property type
    Land

    Description

    This exceptional 0.41-acre commercial land parcel presents a unique investment opportunity in Van Buren Township, Michigan. Located in the desirable Belleville Lake area, this property boasts a prime location with significant potential. The lot is zoned for residential use, offering flexibility for future development. The address is in Van Buren Twp, with a mailing address in the Township of Sumpter, Wayne County, Michigan, zip code 48111. The property's APN is 83094010199303. Currently, sewer and water are not available on the site. This is a privately owned property, not a short sale. The asking price for this seldom-available lakefront property is $145,000. Given its location and size, this parcel represents a compelling investment for those seeking a foothold in a highly sought-after area. The property's proximity to Belleville Lake adds significant value and appeal. Buyers are encouraged to conduct their own due diligence regarding potential development options and utility connections. Don't miss this chance to acquire a piece of Belleville Lake frontage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4857
    Latitude
    42.1894

    Comparable in this City

    • Value Estimation by Request
      12.29 Acres

      Martinsville Rd

      Land • 12.29 Acres
      0 Martinsville Rd, Belleville, MI 48111
      View Details
    • Value Estimation by Request
      13.60 Acres

      41620 Huron Riv Dr

      Land • 13.60 Acres
      41620 Huron Riv Dr, Van Buren Charter Township, MI 48111
      View Details
    • Value Estimation by Request
      9.92 Acres

      Belleville Rd

      Land • 9.92 Acres
      0 Belleville Rd, Belleville, MI 48111
      View Details
    • Value Estimation by Request
      240.00 Acres

      0000 Vacant Martinsville Rd

      Farms • 240.00 Acres
      0000 Vacant Martinsville Rd, Belleville, MI 48111
      View Details
    • Value Estimation by Request
      1.00 Acre

      Willis Ct

      Land • 1.00 Acre
      0 Willis Ct, Belleville, MI 48111
      View Details
    • Value Estimation by Request
      1.64 Acres

      00000 Martinsville Rd

      Land • 1.64 Acres
      00000 Martinsville Rd, Belleville, MI 48111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      90.30 Acres

      90 Acres Residential Land, Willis, MI

      Prime 90-acre residential development opportunity in Willis, MI.
      0 Rawsonville Rd, Willis, MI 48111
      View Details
    • $1,944,518
      9.92 Acres

      Belleville Road Commercial Land

      9.92 Acres, High-Traffic Location
      0 Belleville Rd, Belleville, MI 48111
      View Details
    • $825,000
      6.10 Acres

      Belleville Industrial Land - $825K

      6.1-acre commercial lot, ideal for manufacturing.
      8857 Haggerty Rd, Belleville, MI 48111
      View Details
    • $30,000

      Land Opportunity in Judd

      Land available in the paved section of Judd.
      00 N Judd Rd W, Belleville, MI 48111
      View Details
    • $50,000
      1.00 Acre

      Bemis Road Commercial Land Parcel

      Prime 1-acre building lot in Van Buren Twp, MI.
      00000 Bemis Rd, Van Buren Charter Township, MI 48111
      View Details
    • $1,380,000
      6.03 Acres

      Belleville Truck Terminal & Shop

      6-Acre Logistics Hub near I-94
      6630 Rawsonville Rd, Belleville, MI 48111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,114 SF

      Belleville Road Retail Opportunity

      High-traffic retail spaces available in Belleville, MI
      10401 Belleville Rd, Belleville, MI 48111
      View Details
    • Contact for pricing
      1,778 SF

      Retail Center in Wayne County

      51,751 SF retail center with ample parking.
      761-795 Sumpter Rd, Belleville, 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
    • $9 SF/Yr
      59,329 SF

      Industrial Space Available For Lease

      Industrial property available for lease with 59,329 square feet.
      42000 Ecorse Rd, Belleville, MI 48111
      View Details
    • Contact for pricing
      40,919 SF

      Belleville Retail Plaza Investment

      Prime Retail Space Available in Belleville, MI
      761 Sumpter Rd, Belleville, MI 48111
      View Details
    • $2,400 /Mo
      2,431 SF

      Professional Office Space in Belleville

      Prime location in downtown Belleville, customizable for various office uses.
      355 Main St, Belleville, MI 48111
      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.
    Van Buren Twp
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!