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Property profile & analytics
FOR SALE
Strip malls
11724 Belleville Rd Van Buren Township, MI 48111
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1381244
For Sale
1 / 8
$6,982,530
11724 Belleville Rd, Van Buren Township, MI 48111
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
43,948 SF
Lot
4.71 ac (205,168 SF)
Zoning code
C2 EXT
APN
83 081 99 0007 004
UPID
US43-1381244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.76M
Owner & transaction history
Prairie River Properties LLC · 2 yrs held
Prairie River Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
C2 EXT · Van Buren Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+38.0%
Restaurant
$4.6M
+30.1%
Office building
$4.3M
+22.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren Township submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,495,000
Current use
COMMERCIAL (GENERAL)
$4,825,000
Change: +38% · Conversion: Easy
RESTAURANT
$4,550,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$4,270,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$4,140,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$3,345,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,155,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$95,418
Tax year 2023
Assessed value
$2,209,700
Assessed 2024
Previous assessed
$1,955,200
+13.0% YoY
Effective rate
4.32%
On assessed value
Total market value
$4,419,400
Applied tax rate
82,430.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
43,948 SF
Lot
4.71 ac (205,168 SF)
Zoning code
C2 EXT
APN
83 081 99 0007 004
UPID
US43-1381244
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 EXT · Van Buren Township, MI
Zoning C2 EXT · permitted uses
C2 EXT · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Buren Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Lot
4.71 ac
Current owner
From public records · entity-resolved
Prairie River Properties LLC
Entity
Mailing address
17418 WOODSIDE LN, THREE RIVERS, MI 49093-8341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
Prairie River Properties LLC
Van Buren Plaza LLC
Warranty Deed
—
Jan 3, 2024
—
Prairie River Properties LLC
—
Deed
related
$3,600,000 · Southern Michigan Bank & Trust
Feb 21, 2017
—
Van Buren Plaza LLC
—
Deed
related
$4,160,000 · Michigan Schools & Gov't Cu
—
—
Van Buren Plaza LLC
—
Deed Of Trust
related
$4,160,000 · Michigan Schools & Gov't Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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