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    20156 Sibley Rd Brownstown, MI 48193-8430

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    20156 Sibley Rd Brownstown, MI 48193-8430

    View on Map
    • Industrial properties
    • 32,433 SF
    • 3.88 lot acres
    Off-Market
    Last Sale Jul 9, 2020
    $2,000,000
    Property ID
    US43-1739988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    7.6%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 20156 Sibley Rd

    Year built
    2006
    Lot size
    3.88 lot acres
    Property size
    32,433 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    70 006 99 0019 702
    APU
    70006990019702

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,800,000
      6.5%
      $2,585,000
      7%
      $2,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,046,000
      Market price range: $847k - $2.27M
      AI Estimate
      $2,046,000
      Market price range: $847k - $2.27M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,605,000
      Current use
      MEDICAL BUILDING
      $3,055,000
      Change: +90% Conversion: Difficult
      OFFICE BUILDING
      $2,845,000
      Change: +77% Conversion: Difficult
      RETAIL STORES
      $2,665,000
      Change: +66% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,580,000
      Change: +61% Conversion: Difficult
      RESTAURANT
      $2,500,000
      Change: +56% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brownstown
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2317
    Latitude
    42.1705
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,344
    $0.00
    $0.00
    $787,100
    -
    $0.00
    $0.00
    $1,574,200

    Comparable in this City

    • Value Estimation
      $4,305,000
      61,404 SF

      18640 Dix Toledo Hwy

      INDUSTRIAL (GENERAL) • 61,404 SF
      18640 Dix Toledo Hwy, Brownstown, MI 48193-8466
      View Details
    • Value Estimation by Request
      4,024 SF

      11643 Pennsylvania Rd

      INDUSTRIAL (GENERAL) • 4,024 SF
      11643 Pennsylvania Rd, Riverview, MI 48193
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    • Value Estimation by Request
      2,498 SF

      18759 Krause St

      INDUSTRIAL (GENERAL) • 2,498 SF
      18759 Krause St, Riverview, MI 48193-4248
      View Details
    • Value Estimation
      $915,000
      22,360 SF

      11781 Longsdorf St

      INDUSTRIAL (GENERAL) • 22,360 SF
      11781 Longsdorf St, Riverview, MI 48193-4200
      View Details
    • Value Estimation by Request
      4,611 SF

      20060 Sibley Rd

      INDUSTRIAL (GENERAL) • 4,611 SF
      20060 Sibley Rd, Brownstown, MI 48193-8430
      View Details
    • Value Estimation
      $680,000
      9,660 SF

      18472 Allen Rd

      INDUSTRIAL (GENERAL) • 9,660 SF
      18472 Allen Rd, Brownstown, MI 48193-8403
      View Details

    Similar Nearby for Sale

    • $8,300,000
      59 SF

      Premier Logistics Site Available

      Industrial land suitable for logistics, truck terminal, or warehouse.
      18550 Allen Rd, Riverview, MI 48193
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    • Contact for pricing
      3,601 SF

      Downriver Retail Space Opportunity

      Retail space on busy Fort St with liquor license.
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    • $375,000
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      Commercial Lot on Sibley Road

      2.27 acre commercial lot for sale on Sibley Road.
      13800 Sibley Rd, Riverview, MI 48193
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      1,731 SF

      Commercial Property For Sale/Lease

      Commercial property available for sale or lease.
      18555 Fort St, Riverview, MI 48193
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Modernized Warehouse Space Available

      Renovated warehouse with updated systems and convenient highway access.
      20505 Sibley Rd, Brownstown, MI 48193
      View Details
    • $4 SF/Yr
      383,769 SF

      Industrial Space with FTZ Designation

      Industrial building offering flexible space, FTZ designation, and rail access.
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      Riverview Retail and Office Space

      Retail and office spaces available for lease in Riverview.
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    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      17020-17124 Fort St, Riverview, MI 48193
      View Details
    • Contact for pricing

      Dix Toledo Hwy Land Parcel

      Land parcel at Dix Toledo Hwy and Sibley Rd.
      18835 Dix Toledo Hwy, Brownstown, MI 48193
      View Details
    • Contact for pricing

      Commercial Property For Sale/Lease

      Commercial property available for sale or lease.
      18555 Fort St, Riverview, MI 48193
      View Details
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    Brownstown, MI 48193-8430
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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