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    41620 E Huron River Dr Belleville, MI 48111
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    41620 E Huron River Dr Belleville, MI 48111

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    • Waterfront Land
    Off-Market
    Property ID
    US43-4226736
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 41620 E Huron River Dr

    Property type
    Waterfront Land
    Property subtype
    Residential land & home lots

    Description

    Waterfront on all-sports Belleville Lake. Close to highways and downtown access. Site Plan approved for residential development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.447356
    Latitude
    42.214277

    Comparable in this City

    • $125,000
      0.41 Acres

      Belleville Lake Waterfront Land Parcel

      Waterfront land parcel on Belleville Lake, Van Buren Twp.
      Vacant Lakeview Ct, Van Buren Twp, MI 48111
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    • $65,000
      1.64 Acres

      Residential Land in Sumpter Twp

      1.64 acre corner lot with sewer and water.
      Martinsville Rd, Sumpter Twp, MI 48111
      View Details
    • $35,000

      One Acre Vacant Land

      One acre of land, perfect for building a dream home.
      Vacant Bohn Rd, Sumpter Twp, MI 48111
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    • $55,000

      Residential Land in Sumpter Twp

      Residential land suitable for building a dream home.
      41501 Willis Rd, Sumpter Twp, MI 48111
      View Details
    • $70,000
      0.84 Acres

      Wooded Residential Lot Available

      Vacant 0.84 acre wooded land for residential development.
      49570 Bog Rd, Van Buren Twp, MI 48111
      View Details
    • $889,000
      80.40 Acres

      Belleville, MI 80-Acre Land

      80-acre property ideal for estate, recreation, or development.
      42745 Harris Rd, Belleville, MI 48111
      View Details

    Similar Nearby for Sale

    • $125,000
      0.41 Acres

      Belleville Lake Waterfront Land Parcel

      Waterfront land parcel on Belleville Lake, Van Buren Twp.
      Vacant Lakeview Ct, Van Buren Twp, MI 48111
      View Details
    • $65,000
      1.64 Acres

      Residential Land in Sumpter Twp

      1.64 acre corner lot with sewer and water.
      Martinsville Rd, Sumpter Twp, MI 48111
      View Details
    • $35,000

      One Acre Vacant Land

      One acre of land, perfect for building a dream home.
      Vacant Bohn Rd, Sumpter Twp, MI 48111
      View Details
    • $55,000

      Residential Land in Sumpter Twp

      Residential land suitable for building a dream home.
      41501 Willis Rd, Sumpter Twp, MI 48111
      View Details
    • $99,900

      Residential Land Near Belleville Lake

      Vacant land with utilities, near Belleville Lake and amenities.
      2405 Rawsonville Rd, Van Buren Twp, MI 48111
      View Details
    • $45,000
      Pending

      Residential Land in Van Buren

      Prime residential land parcel available in Van Buren Township.
      45134 Jeannette, Van Buren Twp, MI 48111
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Belleville Road Retail and Land

      Commercial land and retail spaces available for lease in Belleville.
      10401 Belleville Rd, Belleville, MI 48111
      View Details
    • Contact for pricing

      Industrial Build-to-Suit Lease Opportunity

      Available for lease: 100,000 - 1,000,000 SF build-to-suit.
      Ecorse Rd, Van Buren Township, MI 48111
      View Details
    • Contact for pricing

      Vacant Land Near I-275

      0.5 acres of vacant land zoned agricultural with main road frontage.
      Ecorse Rd, Belleville, MI 48111
      View Details
    • $2,800 /Mo
      2,302 SF

      Downtown Belleville Commercial Space Available

      Two-story commercial property in a vibrant, high-visibility Belleville location.
      369 Main St, Belleville, MI 48111
      View Details
    • $6,900 /Mo
      16,800 SF

      Belleville Industrial Space For Lease

      16,800 SF industrial space with M-2 zoning in Belleville.
      12950 Haggerty Rd, Belleville, MI 48111
      View Details
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    Belleville, MI 48111
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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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