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Property profile & analytics
FOR SALE
Strip malls
19020 Fort St Riverview, MI 48193
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1836080
For Sale
1 / 2
$650,000
19020 Fort St, Riverview, MI 48193
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
94,300 SF
Lot
8.9 ac (387,684 SF)
Zoning code
B2-COM
APN
51 016 99 0001 003
UPID
US43-1836080
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
$4.53M
Blend (final)
Blend
$4.54M
Owner & transaction history
Riverview Commons Acquisition · 9 yrs held
Riverview Commons Acquisition
since 2016
7 recorded transactions
Zoning & alternative use
B2-COM · Riverview, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,505,000
Current use
RESTAURANT
$7,275,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,745,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±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
$48 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$61,449
Tax year 2021
Assessed value
$1,065,700
Assessed 2024
Previous assessed
$950,500
+12.1% YoY
Effective rate
5.77%
On assessed value
Total market value
$2,131,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
94,300 SF
Lot
8.9 ac (387,684 SF)
Zoning code
B2-COM
APN
51 016 99 0001 003
UPID
US43-1836080
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2-COM · Riverview, MI
Zoning B2-COM · permitted uses
B2-COM · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.5M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Heating
FORCED AIR
Stories
1
Lot
8.9 ac
Current owner
From public records · entity-resolved
Riverview Commons Acquisition
Individual
Mailing address
37000 GRAND RIV AVE STE #360, FARMINGTON HILLS, MI 48335-2882
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
—
Riverview Commons Acquisition LLC
—
Deed
related
$4,500,000 · Standard Insurance Co
Jun 27, 2017
—
Riverview Commons Acquistion L
—
Deed
related
$4,500,000 · Monroe Bk
Nov 17, 2016
—
Riverview Commons Acquisition
19010 To 19220 Ft Street Holdi
Quit Claim Deed
related
—
Sep 2, 2016
$3,050,000
19010 To 19220 Ft Street Holdi
19010-19220 Ft Street Holdings
Quit Claim Deed
related
$5,400,000 · * Other Institutional Lenders
Jun 15, 2016
$5,100,000
19010-19220 Ft Street Holdings
Deputy Sheriff Of Wayne County|riverview Commons I
Trustees Deed
related
—
Mar 30, 2016
—
Riverview Commons Invtrs LLC
Riverview Commons Assocs LLC
Quit Claim Deed
related
—
Apr 19, 2005
—
Riverview Commons Investors LLC
Riverview Commons Associates LLC
Quit Claim Deed
related
—
—
—
Riverview Commons Acquistion L
—
Deed Of Trust
related
$4,500,000 · Monroe Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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