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    10245 W Vienna Rd Montrose, MI 48457
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    10245 W Vienna Rd Montrose, MI 48457

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    • Commercial real estate
    • 10,260 SF
    • 1.39 lot acres
    For Sale
    $550,000
    View Listing →
    Retail Building in Montrose, MI For Sale
    $550,000
    10,478 SF

    Retail Building in Montrose, MI

    Former Family Dollar built in 2022, available for sale.

    10245 W Vienna Road, Montrose, MI 48457
    View Listing
    Property ID
    US43-4405985
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10245 W Vienna Rd

    Lot size
    1.39 lot acres
    Property size
    10,260 SF
    Zone code
    C-2 GENRL COMM
    Property type
    Commercial real estate
    APN
    13-21-200-021
    APU
    1321200021

    Description

    This exceptional 10,478-square-foot retail building, constructed in 2022, presents a remarkable opportunity for businesses seeking a prominent Genesee County location. The property boasts a completely vacant, single-tenant space, offering flexibility for a wide range of commercial uses. Situated on a 1.39-acre lot, the building features a clean, open interior layout, ideal for customization to meet specific business needs. Ample parking is available for customers and employees, ensuring convenient access. The strategic location on West Vienna Road, just west of Seymour Road, provides excellent visibility and accessibility. Its proximity to downtown and a mere 5 miles from I-75 offers unparalleled convenience for both customers and employees. The property is zoned C2; General Commercial, allowing for diverse commercial applications. The building's modern construction and excellent condition minimize upfront capital expenditures, allowing businesses to focus on operations and growth. The prominent pylon signage provides exceptional advertising potential, ensuring high visibility for your business. This turnkey retail space is ready for immediate occupancy, offering a unique opportunity to establish a thriving business in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $802,000
      Market price range: $324k - $1.13M
      AI Estimate
      $802,000
      Market price range: $324k - $1.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8824
    Latitude
    43.1757
    CBSA code
    22420
    CBSA name
    FLINT, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,854
    $0.00
    $0.00
    $439,500
    -
    $0.00
    $0.00
    $879,000

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      144 Hickory St

      COMMERCIAL (GENERAL) • 0.27 Acres
      144 Hickory St, Montrose, MI 48457-9464
      View Details
    • Value Estimation by Request

      150 Saginaw St

      COMMERCIAL (GENERAL)
      150 Saginaw St, Montrose, MI 48457-9785
      View Details
    • Value Estimation by Request
      3.96 Acres

      400 Saginaw St

      COMMERCIAL (GENERAL) • 3.96 Acres
      400 Saginaw St, Montrose, MI 48457-9806
      View Details
    • Value Estimation
      $925,000
      29,220 SF

      11445 Seymour Rd

      COMMERCIAL (GENERAL) • 29,220 SF
      11445 Seymour Rd, Montrose, MI 48457-9068
      View Details
    • Value Estimation by Request
      3,260 SF

      107 State St

      COMMERCIAL (GENERAL) • 3,260 SF
      107 State St, Montrose, MI 48457-7716
      View Details
    • Value Estimation
      $650,000
      6,380 SF

      200 State St

      COMMERCIAL (GENERAL) • 6,380 SF
      200 State St, Montrose, MI 48457-9748
      View Details

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    • $550,000
      10,478 SF

      Retail Building in Montrose, MI

      Former Family Dollar built in 2022, available for sale.
      10245 W Vienna Rd, Montrose, MI 48457
      View Details
    • Contact for pricing
      0.21 Acres

      Residential Lot in Montrose, MI

      Residential lot with city water and sewer in Montrose.
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      Residential Land in Montrose, MI

      Over an acre of vacant land ready for building.
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    View Listing
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    Montrose, MI 48457
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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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