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    160 Visger Rd River Rouge, MI 48218
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    Property profile & analytics

    160 Visger Rd River Rouge, MI 48218

    View on Map
    • Warehouses
    • 57,171 SF
    • 5.82 lot acres
    For Sale
    $1,600,000
    View Listing →
    Manufacturing Building with Railcar Storage For Sale
    $1,600,000

    Manufacturing Building with Railcar Storage

    Manufacturing building with yard and railcar storage near steel plants.

    160 Visger Rd, River Rouge, MI 48218
    View Listing
    Property ID
    US43-1237811
    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

    • Warehouses

    Property Details for 160 Visger Rd

    Year built
    1966
    Lot size
    5.82 lot acres
    Property size
    57,171 SF
    Zone code
    B2 GEN
    Property type
    Warehouses
    APN
    50 010 99 0001 000
    APU
    50010990001000

    Description

    This freestanding warehouse, located at 160 Visger Dr (AKA Samuel B. Milton @ Jefferson Ave) in Wayne County's Downriver North submarket, offers 57,900 square feet of vacant space in a single-tenant building. Constructed in 1966, the building boasts a six-story structure with ceiling heights ranging from 14 to 26 feet, providing ample vertical space. The property sits on a 5.28-acre lot and includes six loading docks and one dock-high door, facilitating efficient loading and unloading operations. Ample parking is available on-site. The building is equipped with 1000 amps of power, suitable for various industrial applications. Its industrial zoning allows for a wide range of uses. The property's proximity to steel plants and its rail access make it particularly attractive for manufacturing and storage businesses. This location presents a significant opportunity for businesses seeking a large, well-equipped warehouse in a strategic industrial area. The property is currently entirely vacant, offering immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,050,000
      Market price range: $1.05M - $3.76M
      AI Estimate
      $1,050,000
      Market price range: $1.05M - $3.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    River Rouge
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1445
    Latitude
    42.2613
    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
    $31,315
    $0.00
    $0.00
    $339,000
    -
    $0.00
    $0.00
    $678,000

    Comparable in this City

    • Value Estimation by Request
      11,640 SF

      10390 Jefferson Ave

      WAREHOUSE, STORAGE • 11,640 SF
      10390 Jefferson Ave, River Rouge, MI 48218-1335
      View Details
    • Value Estimation by Request
      15,390 SF

      5 Marion Ave

      WAREHOUSE, STORAGE • 15,390 SF
      5 Marion Ave, River Rouge, MI 48218-1469
      View Details
    • Value Estimation by Request
      3,674 SF

      221 Goodell St

      WAREHOUSE, STORAGE • 3,674 SF
      221 Goodell St, River Rouge, MI 48218-1610
      View Details
    • Value Estimation
      $630,000
      13,442 SF

      10165 Jefferson Ave

      WAREHOUSE, STORAGE • 13,442 SF
      10165 Jefferson Ave, River Rouge, MI 48218-1318
      View Details
    • Value Estimation by Request
      2,184 SF

      Great Lks

      WAREHOUSE, STORAGE • 2,184 SF
      Great Lks, River Rouge, MI 48218
      View Details
    • Value Estimation by Request
      2,475 SF

      39 Henry St

      WAREHOUSE, STORAGE • 2,475 SF
      39 Henry St, River Rouge, MI 48218-1438
      View Details

    Similar Nearby for Sale

    • $149,000

      Versatile Industrial Warehouse in River Rouge

      6,952 SF industrial warehouse in an Opportunity Zone.
      10288 W Jefferson Ave, River Rouge, MI 48218
      View Details
    • $1,600,000

      Manufacturing Building with Railcar Storage

      Manufacturing building with yard and railcar storage near steel plants.
      160 Visger Rd, River Rouge, MI 48218
      View Details
    • $40,000
      0.17 Acres

      River Rouge Land For Sale

      Commercial land available in River Rouge, Michigan.
      19 Orchard St, River Rouge, MI 48218
      View Details
    • $242,000

      River Rouge Multifamily Investment

      Turnkey, fully occupied four-unit property with consistent rental income.
      90 Catherine St, River Rouge, MI 48218
      View Details
    View Listing
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    River Rouge, MI 48218
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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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