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    10840 Belleville Rd Belleville, MI 48111
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    10840 Belleville Rd, Belleville, MI 48111

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    • Retail space
    For Lease
    $10 SF/Yr
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    Retail Space Available For Lease For Lease
    $10 SF/Yr

    Retail Space Available For Lease

    Retail space available in Belleville, Michigan near Planet Fitness.

    10840 Belleville Rd, Belleville, MI 48111
    View Listing
    Property ID
    US43-0835066
    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

    • Retail space

    Property Details for 10840 Belleville Rd

    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    Join Planet Fitness, Dollar Tree, Hungry Howie’s, and more!

    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
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.48521
    Latitude
    42.223877

    Comparable in this City

    • $2,800 /Mo
      2,302 SF

      Downtown Belleville Commercial Space Available

      Two-story commercial property in a vibrant, high-visibility Belleville location.
      369 Main St, Belleville, MI 48111
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    • $2,300 /Mo

      Retail/Office Space Near Metro Parks

      Versatile space suitable for office, business, or retail use.
      17400 Savage Rd, Belleville, MI 48111
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      994 SF

      Retail Center at Busy Corner

      Neighborhood retail center with suites available for immediate occupancy.
      41001 E Huron River Dr, Belleville, MI 48111
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      Retail Space with Drive-Thru Potential

      New retail development with drive-thru, near Walmart Supercenter.
      10525 Belleville Rd, Belleville, MI 48111
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      Retail Space For Lease

      Retail space available for lease in Belleville, Michigan.
      444 Main St, Belleville, MI 48111
      View Details

    Similar Nearby for Sale

    • $749,000
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      Belleville Storefront - Main Street

      Prime Belleville retail space, high traffic location.
      209 Main St, Van Buren Charter Township, MI 48111-2643
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      Retail Space in Belleville Plaza

      Retail space available in Dollar Tree anchored shopping center.
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      43,765 SF

      Stabilized Retail Shopping Center

      43,765 SF neighborhood retail center in Belleville, Michigan.
      11724 Belleville Rd, Van Buren Township, MI 48111
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      5,895 SF

      Retail Center on Main Street

      Multi-tenant retail center with frontage on Main Street in Belleville.
      504 Main St, Belleville, MI 48111
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    • $99,900
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      Belleville Commercial Property with Vacant Lot

      Former ice cream shop with expansion potential and vacant lot.
      644 E Huron River Dr, Belleville, MI 48111
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    • $749,000
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      Belleville Commercial Building on Main

      7,000+ sqft commercial building on high-traffic Main Street.
      209 Main St, Belleville, MI 48111
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      2,302 SF

      Downtown Belleville Commercial Space Available

      Two-story commercial property in a vibrant, high-visibility Belleville location.
      369 Main St, Belleville, MI 48111
      View Details
    • $2,300 /Mo

      Retail/Office Space Near Metro Parks

      Versatile space suitable for office, business, or retail use.
      17400 Savage Rd, Belleville, MI 48111
      View Details
    • Contact for pricing
      994 SF

      Retail Center at Busy Corner

      Neighborhood retail center with suites available for immediate occupancy.
      41001 E Huron River Dr, Belleville, MI 48111
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      9701 Belleville Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Neighborhood shopping center with planned improvements and strong retail synergy.
      11700 Belleville Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      Retail Space on Rawsonville Road

      Retail spaces available for lease on Rawsonville Road.
      6055-6127 Rawsonville Rd, Belleville, MI 48111
      View Details
    View Listing
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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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