Used Car
For Sale
Contact for pricing
10411 W 8 Mile Rd, Detroit, MI 48227
Automotive sales property with an established dealership use and B-2 zoning.
Property Size2,000 SF
Price / SF$287.50
Days on Market166
Property Features for 10411 W 8 Mile Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Zoning
B-2
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1992
Stories
1
Tenancy
Single
Listing Agency:
Thomas Duke Company
Listed By:
Andrew Battersby · License #6501384188
(248) 476-3700
Source:
Crexi
Added: May 7
Changed: Oct 15
Last Checked: Oct 19 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Duke Company
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Investment Insights
Based on property information with market context.
This automotive property is configured for an established used car dealership operation and carries B-2 zoning. The building dates to 1992, providing a defined existing commercial improvement for automotive sales use.
The property is located at 10411 W 8 Mile Rd in Detroit, on the south side of the roadway between Meyers Rd and Wyoming Ave. Its position along W 8 Mile Rd places the dealership within an established corridor with access from a major east-west thoroughfare.
The property is located at 10411 W 8 Mile Rd in Detroit, on the south side of the roadway between Meyers Rd and Wyoming Ave. Its position along W 8 Mile Rd places the dealership within an established corridor with access from a major east-west thoroughfare.
Key Highlights
- Established used car dealership property
- B‑2 zoning
- Building constructed in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,678
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,560
$353.6K
Cap Rate 7%
$252,543
$252.5K
Cap Rate 9%
$196,422
$196.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$27.6K $13.80/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$25.3K $12.63/SF
− OpEx
−$7.6K −$3.79/SF
NOI
$17.7K $8.84/SF
Area
ZIP 48227
Vacancy
8.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,560
Cap Rate 7%
$252,543
Cap Rate 9%
$196,422
Alternative Uses
Best Use
Retail
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$139.0K
$121.6K – $162.1K
NOI $9,727 @ 7.0% cap · market cap 1.69%
Theoretical Best
Multifamily LT 5
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 13%
Electronics 3%
BP
Shops & Services
7,584 visits/mo
0.2 miles
Sunoco
Shops & Services
6,252 visits/mo
0.2 miles
Little Caesars Pizza
Dining
3,412 visits/mo
0.4 miles
Exxon
Shops & Services
3,021 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,564 visits/mo
0.5 miles
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 12843 Greenfield Rd, Detroit, MI 48227
- Junk Your Car Today — 15440 Schoolcraft St, Detroit, MI 48227
- U-Haul Neighborhood Dealer — 14541 Schaefer Hwy, Detroit, MI 48227
Frequently Asked Questions
What type of property is this?
Automotive property - Automotive sales property with an established dealership use and B-2 zoning.
Where is this automotive property located?
The property is located at 10411 W 8 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Established used car dealership property; B‑2 zoning; Building constructed in 1992
