8881 Samuel Barton Dr Van Buren Township, MI 48111-1600
Property profile & analytics
8881 Samuel Barton Dr, Van Buren Township, MI 48111-1600
- Warehouses
- 28,830 SF
- 3.18 lot acres
Property ID
US43-1651893
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.
Location Intelligence
Current Use by Public Records
- Goodyear Commercial Tire & Service Centers / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Wingfoot Commercial Tire Systems / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 8881 Samuel Barton Dr
- Year built
- 1988
- Lot size
- 3.18 lot acres
- Zone code
- M1 LIG
- Property type
- Warehouses
- APN
- 83 047 99 0003 705
- APU
- 83047990003705
Description
This exceptional investment opportunity presents a 28,830-square-foot industrial flex property in Belleville, Michigan, currently leased to Goodyear Auto Service under a Net Lease agreement expiring April 30, 2026. The property boasts a strong 7.76% cap rate and a substantial net operating income (NOI) of $166,812. Situated on a 3.18-acre lot at 8881 Samuel Barton Dr, Belleville, MI 48111, this single-unit building benefits from a prime location directly north of the I-94 & I-275 interchange, providing excellent access to major transportation routes. Its proximity to Ann Arbor, Lansing, and the Detroit Metropolitan Wayne County Airport further enhances its strategic value. The property is adjacent to an industrial park including Visteon Corp., a Fortune 500 automotive company, and benefits from a high barrier to entry in a low-vacancy market. Significant renovations exceeding $500,000 have been completed since 2014, including roof repairs and plumbing upgrades. The lease, in place since 1989, includes a corporate guarantee, minimizing risk and offering a secure investment. The landlord is responsible only for roof and structure maintenance. This is a single-tenant, net-lease investment with no remaining lease options. The asking price is $2,150,000, translating to a price per square foot of $74.58. The property's strong tenant, prime location, and recent renovations make it an attractive investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,866,000
- AI Estimate
- $1,866,000
Market price range: $530k - $1.90MMarket price range: $530k - $1.90M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,175,000 Current use
- RESTAURANT
- $2,985,000 Change: +154% Conversion: Difficult
- OFFICE BUILDING
- $2,800,000 Change: +138% Conversion: Difficult
- MEDICAL BUILDING
- $2,715,000 Change: +131% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,295,000 Change: +95% Conversion: Moderate
- RETAIL STORES
- $2,195,000 Change: +87% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Van Buren Township
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4412
- Latitude
- 42.2387
- 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
$31,816
$0.00
$0.00
$677,400
-
$0.00
$0.00
$1,354,800
