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Property profile & analytics
FOR SALE
Warehouses
160 Visger Rd, River Rouge, MI 48218
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1237811
For Sale
1 / 2
$1,600,000
160 Visger Rd, River Rouge, MI 48218
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Total area
57,171 SF
Lot
5.82 ac (253,519 SF)
Zoning code
B2 GEN
APN
50 010 99 0001 000
UPID
US43-1237811
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
$1.05M
Blend (final)
Blend
$1.05M
Owner & transaction history
River Rouge Real Estate LLC · 17 yrs held
River Rouge Real Estate LLC
since 2008
2 recorded transactions
Zoning & alternative use
B2 GEN · River Rouge, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 River Rouge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs River Rouge 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
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$18 / 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
$31,315
Tax year 2023
Assessed value
$339,000
Assessed 2024
Previous assessed
$316,200
+7.2% YoY
Effective rate
9.24%
On assessed value
Total market value
$678,000
Applied tax rate
82,120.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1966
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
57,171 SF
Lot
5.82 ac (253,519 SF)
Zoning code
B2 GEN
APN
50 010 99 0001 000
UPID
US43-1237811
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 GEN · River Rouge, MI
Zoning B2 GEN · permitted uses
B2 GEN · River Rouge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
River Rouge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
River Rouge Real Estate LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2500 ENTERPRISE DR, ALLEN PARK, MI 48101-3528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2008
—
River Rouge Real Estate LLC
Minteq International INC
Grant Deed
—
—
—
River Rouge Real Estate LLC
—
Deed Of Trust
related
—
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.
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