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Property profile & analytics
FOR SALE
Warehouses

8881 Samuel Barton Dr Van Buren Township, MI 48111

28,830 SF 3.18 ac lot Built 1988
Individually Owned Absentee Owner Free & Clear
Property ID
US43-1651893
8881 Samuel Barton Dr, Van Buren Township, MI 48111 For Sale
$3,191,894 28,830 SF
8881 Samuel Barton Dr, Van Buren Township, MI 48111
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Total area 28,830 SF
Lot 3.18 ac (138,521 SF)
Zoning code M1 LIG
APN 83 047 99 0003 705
UPID US43-1651893
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$1.87M
Owner & transaction history
JVZ GREYSTONES
JVZ GREYSTONES
Zoning & alternative use
M1 LIG · Van Buren Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.0M +153.7%
Office building $2.8M +138.0%
Medical building $2.7M +130.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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