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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24471 Riv Rd Mount Clemens, MI 48043-1900

    • Flex space
    • 19,560 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4235724
    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.

    Current Use by Public Records

    • Flex space

    Property Details for 24471 Riv Rd

    Lot size
    2.14 lot acres
    Property size
    19,560 SF
    Zone code
    GC
    Property type
    Flex space
    APN
    05-11-13-252-012
    APU
    51113252012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,217,000
      Market price range: $839k - $1.84M
      AI Estimate
      $1,217,000
      Market price range: $839k - $1.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,275,000
      Current use
      COMMERCIAL (GENERAL)
      $2,010,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $1,710,000
      Change: +34% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,680,000
      Change: +32% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,320,000
      Change: +3% Conversion: Easy
      OFFICE BUILDING
      $1,155,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8607
    Latitude
    42.5966
    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
    2022
    $27,349
    $0.00
    $0.00
    $489,200
    -
    $0.00
    $0.00
    $978,400

    Comparable in this City

    • Value Estimation
      $5,275,000
      102,037 SF

      60 Rose St

      LIGHT INDUSTRIAL • 102,037 SF
      60 Rose St, Mount Clemens, MI 48043-5405
      View Details
    • Value Estimation
      $660,000
      7,000 SF

      17 Rose St

      LIGHT INDUSTRIAL • 7,000 SF
      17 Rose St, Mount Clemens, MI 48043-5462
      View Details
    • Value Estimation
      $565,000
      13,194 SF

      150 Grand Ave

      LIGHT INDUSTRIAL • 13,194 SF
      150 Grand Ave, Mount Clemens, MI 48043-5415
      View Details
    • Value Estimation
      $2,065,000
      48,108 SF

      130 Groesbeck Hwy

      LIGHT INDUSTRIAL • 48,108 SF
      130 Groesbeck Hwy, Mount Clemens, MI 48043-1529
      View Details
    • Value Estimation
      $1,320,000
      19,360 SF

      148 Groesbeck Hwy Ste A

      LIGHT INDUSTRIAL • 19,360 SF
      148 Groesbeck Hwy Ste A, Mount Clemens, MI 48043-1525
      View Details
    • Value Estimation by Request
      4,000 SF

      113 Grv Park St

      LIGHT INDUSTRIAL • 4,000 SF
      113 Grv Park St, Mount Clemens, MI 48043-1656
      View Details

    Similar Nearby for Sale

    • $195,000
      43,124 SF

      Mount Clemens Industrial Warehouse

      43,124 SF Warehouse, Manufacturing
      100 Macomb Daily Dr, Mount Clemens, MI 48043
      View Details
    • $1,350,000
      16 SF

      Commercial Land on Groesbeck Highway

      3.3 acres with existing building and lake access.
      Mt Clemens, Mount Clemens, MI 48043
      View Details
    • $1,999,000
      35,600 SF

      Mt. Clemens Warehouse Investment

      35,600 SF Warehouse, 100% Occupied
      350 Hubbard St, Mount Clemens, MI 48043
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    • $1,999,000
      35,600 SF

      Mount Clemens Industrial Facility

      35,600 SF industrial facility with office space for sale.
      350 Hubbard St, Mount Clemens, MI 48043
      View Details
    • $444,000

      Historic Building in Mt. Clemens

      Historic office and retail building in move-in condition.
      56 Macomb Pl, Mount Clemens, MI 48043
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    • $249,900

      Mount Clemens Specialty Property

      Specialty property available for sale in Mount Clemens, Michigan.
      111 Kibbee St, Mount Clemens, MI 48043
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    Similar Nearby for Lease

    • $6 SF/Yr
      55,000 SF

      Prime Mount Clemens Warehouse Space

      55,000 SF Warehouse - Immediate Occupancy
      237 River Rd, Mount Clemens, MI 48043
      View Details
    • $10 SF/Yr
      84,000 SF

      Mt. Clemens Commercial Space Available

      Prime Retail & Industrial Space, Multiple Tenants
      80 Groesbeck Hwy, Mount Clemens, MI 48043
      View Details
    • $29 SF/Yr
      11,954 SF

      Mt. Clemens Office/Retail Space

      Modern Office & Retail Suites Available
      60 Groesbeck Hwy, Mount Clemens, MI 48043
      View Details
    • $12 SF/Yr
      19,360 SF

      Mount Clemens Warehouse Space Available

      2,500 SF Industrial Warehouse for Lease
      148 Groesbeck Hwy, Mount Clemens, MI 48043
      View Details
    • $3,368 /Mo

      Downtown Mt Clemens Office Space

      Professional office space in downtown Mt Clemens, flexible layouts.
      70-82 Macomb Pl, Mount Clemens, MI 48043
      View Details
    • Contact for pricing

      Prime Ground Lease Opportunity

      0.71-acre site with planned 2,000 SF building for lease.
      50 N Groesbeck Hwy, Mount Clemens, MI 48043
      View Details
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    24471 Riv Rd
    Mount Clemens, MI 48043-1900
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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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