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    Property profile & analytics

    13000 Haggerty Rd Van Buren Township, MI 48111-2878

    • Warehouses
    • 62,650 SF
    • 32.02 lot acres
    OFF-MARKET
    Last Sale
    Nov 10, 2024
    $3,550,000
    Value Estimations
    $3,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1216533
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 13000 Haggerty Rd

    Year built
    1997
    Lot size
    32.02 lot acres
    Property size
    62,650 SF
    Zone code
    M2 GEN
    Property type
    Warehouses
    APN
    83 095 99 0003 708
    APU
    83095990003708

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,120,000
      Market price range: $1.15M - $4.12M
      AI Estimate
      $4,120,000
      Market price range: $1.15M - $4.12M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,555,000
      Current use
      OFFICE BUILDING
      $6,085,000
      Change: +138% Conversion: Difficult
      MEDICAL BUILDING
      $5,900,000
      Change: +131% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,985,000
      Change: +95% Conversion: Moderate
      RETAIL STORES
      $4,770,000
      Change: +87% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4396
    Latitude
    42.2085
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, 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
    $54,140
    $0.00
    $0.00
    $1,681,800
    -
    $0.00
    $0.00
    $3,363,600

    Comparable in this City

    • 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
    • Value Estimation
      $7,300,000
      158,976 SF

      8200 Haggerty Rd

      WAREHOUSE, STORAGE • 158,976 SF
      8200 Haggerty Rd, Van Buren Township, MI 48111-1643
      View Details
    • Value Estimation
      $1,070,000
      26,265 SF

      16650 Sumpter Rd

      STORAGE YARD, OPEN STORAGE • 26,265 SF
      16650 Sumpter Rd, Van Buren Township, MI 48111-2971
      View Details
    • Value Estimation
      $5,525,000
      95,244 SF

      10885 Textile Rd

      MINI-WAREHOUSE, STORAGE • 95,244 SF
      10885 Textile Rd, Belleville, MI 48111-2315
      View Details
    • Value Estimation by Request
      867 SF

      8787 Belleville Rd

      STORAGE YARD, OPEN STORAGE • 867 SF
      8787 Belleville Rd, Van Buren Township, MI 48111-1303
      View Details
    • Value Estimation by Request
      1,440 SF

      45205 Judd Rd

      STORAGE YARD, OPEN STORAGE • 1,440 SF
      45205 Judd Rd, Belleville, MI 48111-9109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,000 SF

      Industrial/Flex Building on Six Acres

      39,000 SF multi-tenant building on 6 acres for sale.
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      New Van Buren Warehouse Space

      First-generation warehouse/contractor space near I-275 and I-94.
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      5 Acre Commercial Land Parcel

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      99,261 SF

      Industrial Property on Haggerty Road

      Industrial property with repair garage and expansion potential for sale.
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      7,761 SF

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    Similar Nearby for Lease

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      628,000 SF

      Crossroads Distribution Center - North

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      42060 Ecorse Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease in Belleville, Michigan.
      6100 Haggerty Rd, Belleville, MI 48111
      View Details
    • $6,900 /Mo
      16,800 SF

      Belleville Industrial Space For Lease

      16,800 SF industrial space with M-2 zoning in Belleville.
      12950 Haggerty Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Belleville, Michigan.
      6290 Haggerty 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 Available For Lease

      Retail space available in Belleville, Michigan near Planet Fitness.
      10840 Belleville Rd, Belleville, MI 48111
      View Details
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    13000 Haggerty Rd
    Van Buren Township, MI 48111-2878
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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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