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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Manufacturing properties
1721 Pleasant St, River Rouge, MI 48218-1049
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1203092
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 1721 W. Pleasant Street in River Rouge, Michigan, offers 134,157 square feet of total building space. Currently, there is 43,749 square feet of space immediately available for lease, perfect for a variety of industrial uses. The building boasts impressive ceiling heights ranging from 12 to 16 feet, providing ample vertical space for storage and operations. Four dock-high doors ensure efficient loading and unloading of goods. Situated in Wayne County, this strategically located warehouse provides easy access to major transportation routes, making it an ideal location for businesses needing seamless logistics. The property is classified as multi-tenant, offering flexibility for businesses of varying sizes. The address is 1721 W Pleasant St, River Rouge, MI 48218. This prime industrial space presents a unique opportunity for businesses seeking a well-maintained and functional warehouse in a convenient location. The available space is 43,749 square feet. The property type is industrial, specifically a warehouse. The building is located in Wayne County, Michigan.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
134,157 SF
Lot
7.34 ac (319,730 SF)
Zoning code
M1 LITE
APN
50 008 99 0007 702
UPID
US43-1203092
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
$2.69M
Blend (final)
Blend
$2.74M
Owner & transaction history
River Rouge Mi LLC · 5 yrs held
River Rouge Mi LLC
since 2021
3 recorded transactions
Zoning & alternative use
M1 LITE · 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
$2.74M
Range $2.46M – $3.01M · ±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
$20 / 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
$65,820
Tax year 2023
Assessed value
$724,100
Assessed 2024
Previous assessed
$664,600
+9.0% YoY
Effective rate
9.09%
On assessed value
Total market value
$1,448,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
134,157 SF
Lot
7.34 ac (319,730 SF)
Zoning code
M1 LITE
APN
50 008 99 0007 702
UPID
US43-1203092
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LITE · River Rouge, MI
Zoning M1 LITE · permitted uses
M1 LITE · 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
Heating
FORCED AIR
Stories
1
Lot
7.34 ac
Current owner
From public records · entity-resolved
River Rouge Mi LLC
Entity
Mailing address
1721 W PLEASANT ST, RIVER ROUGE, MI 48218-1049
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
—
River Rouge Mi LLC
Fabricon Land Company LLC
Warranty Deed
—
—
—
Fabricon Land Co LLC
—
Deed Of Trust
related
$150,000 · Hitachi Capital America Corp
—
—
Fabricon Land Co LLC
—
Deed Of Trust
related
$200,000 · Mpd LLC
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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