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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Warehouses
18540 Ft St, Riverview, MI 48193-7442
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-1679456
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
19,460 SF
Lot
5.33 ac (232,175 SF)
Zoning code
B3-FRT
APN
51 004 99 0012 001
UPID
US43-1679456
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
$1.08M
Blend (final)
Blend
$975k
Owner & transaction history
Scott V Hamelin · 3 yrs held
Scott V Hamelin
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
B3-FRT · Riverview, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+71.5%
Neighborhood: shopping center
$1.6M
+66.1%
Restaurant
$1.5M
+61.0%
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 Riverview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverview 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
$615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$930,000
Current use
RETAIL STORES
$1,600,000
Change: +72% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,550,000
Change: +66% · Conversion: Moderate
RESTAURANT
$1,500,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $600k (Jan 10 2023)
Last sale anchor
$600k
Jan 10 2023
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
$50 / 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
$31,222
Tax year 2023
Assessed value
$468,900
Assessed 2024
Previous assessed
$468,900
+0.0% YoY
Effective rate
6.66%
On assessed value
Total market value
$937,800
Applied tax rate
82,400.0000
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
Off-Market
Year built
1995
Heating
FORCED AIR
Stories
1
Total area
19,460 SF
Lot
5.33 ac (232,175 SF)
Zoning code
B3-FRT
APN
51 004 99 0012 001
UPID
US43-1679456
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B3-FRT · Riverview, MI
Zoning B3-FRT · permitted uses
B3-FRT · Riverview, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$930,000
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Stories
1
Lot
5.33 ac
Current owner
From public records · entity-resolved
Scott V Hamelin
Individual
Free & Clear · 3 yrs held
Mailing address
18540 FT ST, RIVERVIEW, MI 48193-7442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Scott V Hamelin
Scott Hamelin
Intrafamily Transfer
related
—
Sep 14, 2020
$600,000
Scott Hamelin
Gary D Ogden
Warranty Deed
$977,334 · Merchants Bank
Oct 2, 2018
—
Ogden,gary D Living Trust
—
Deed
related
—
Oct 30, 2014
—
Ronald E Living Trust|snide Snider
Snider,ronald E & Lynn M
Quit Claim Deed
related
—
—
—
Gary D Ogden
—
Deed Of Trust
related
$800,000 · Monroe Bank & Trust
—
—
Ogden,gary D Living Trust
—
Loan Modification
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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