9701 Belleville Rd Belleville, MI 48111
Outlet malls
Google Maps
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
For Lease
1 / 4
Contact for pricing
9701 Belleville Rd, Belleville, MI 48111
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Estimated value (blended)
$15.16M
Range $13.64M – $16.67M (±10%)
Property ID
US43-0870437
Property summary
AI-generated overview
This exceptional retail opportunity is located inside a high-traffic Meijer store. The 937 square foot space offers a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a fixed monthly fee that covers real estate taxes, property insurance, common area maintenance, and utilities. The space allows for both interior and exterior branding and signage, maximizing exposure. Situated in a thriving trade area with a desirable customer base, this location is ideal for various retail uses, including financial institutions, food and beverage businesses, service businesses, health and wellness providers, and more. Multiple vacancies are available in Meijer stores across key Midwest markets within Wayne County. The high-traffic location and all-inclusive monthly fee make this an attractive opportunity for businesses seeking strong foot traffic and exposure in a well-known retail destination. This space is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Total area
199,014 SF
Lot
39.38 ac (1,715,393 SF)
Zoning code
C2 EXT
APN
83 058 99 0006 705
UPID
US43-0870437
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Grocery & Convenience Store
-
Department Of Motor Vehicles Kiosk
-
Bank Credit Union
-
Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.15M
Blend (final)
Blend
$15.16M
Owner & transaction history
since 2022
1 recorded transaction
Zoning & alternative use
C2 EXT · Van Buren Township, MI
Top alternative use upside
Commercial (general)
$21.9M
+44.2%
Restaurant
$20.6M
+36.0%
Office building
$19.3M
+27.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$15.16M
Value range
$13.64M – $16.67M
±10% around blend
Estimated value / SF
$76 / SF
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$13.64M
blend $15.16M
$16.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
199,014 SF
Lot area
39.38 ac
Year built
1990
Stories
1
APN
83 058 99 0006 705
Annual tax
$209,975
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$15.15M
Range $6.98M – $24.69M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1022 sales
$76
+0%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $76/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+44%
vs current-use indication
Restaurant
Office Building
Medical Building
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
Not available
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.15M
Move the market yield to see immediate price impact.
Value / SF
$76
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$955k
$19.10M
$13.64M
$10.61M
$1.06M
$21.22M
$15.15M
$11.79M
$1.17M
$23.34M
$16.67M
$12.97M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$209,975
Tax year 2023
Applied tax rate
82,430.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1990
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
199,014 SF
Lot
39.38 ac (1,715,393 SF)
Zoning code
C2 EXT
APN
83 058 99 0006 705
UPID
US43-0870437
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 EXT · Van Buren Township, MIZoning C2 EXT · permitted uses
C2 EXT · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
39.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2 EXT
Jurisdiction
Van Buren Township, MI
Recorded code
C2 EXT
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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