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Financial
Distress signals
Property profile

160 Visger Rd River Rouge, MI 48218

FOR SALE
Warehouses
Property ID
US43-1237811
57,171 SF 5.82 ac lot Built 1966
Last sale Sep 2008
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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160 Visger Rd, River Rouge, MI 48218 For Sale
$1,600,000 57,171 SF
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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value · 2024$339k
Effective rate9.24%

Value estimate

· Oct 2026
$1.05M
$945k – $1.16M
Submarket $/SF estimate$1.05M
NOI build-up
Gross scheduled income$447k
Vacancy & credit loss−$17k
Operating expenses−$129k
NOI · 18.81% cap applied$301k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$41/SF
County average, outlier-cleaned · 292 recorded sales of this use type
Observed band · Q1–Q3$18 – $66

Cap rate analysis

How does the asset earn?
18.81%
$301k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2 GEN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.8
Law Firm18.9
Dental Office17.3

Location

160 Visger Rd River Rouge, MI 48218
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
195 Campbell, River Rouge, MI 48218-1001 $1,000,000 Aug 2025 33,671 SF
260 Marion, River Rouge, MI 48218-1694 $200,000 Apr 2024 18,774 SF
75 Anchor, River Rouge, MI 48218-1415 $150,000 Jul 2022 19,770 SF
268 Haltiner, River Rouge, MI 48218-1268 $130,000 Oct 2021 3,817 SF
270 Haltiner, River Rouge, MI 48218-1268 $130,000 Oct 2021 3,160 SF
221 Goodell, River Rouge, MI 48218-1610 $62,500 Mar 2021 3,674 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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