19501 Plymouth Rd, Detroit, MI 48228
High-traffic, 4-bay car wash with income potential.
- Added:
- Feb 4, 2025
- Days on Market:
- 508
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 19501 Plymouth Rd
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1967
Listing office RE/MAX Team 2000 (313) 525-1101
Listing date Feb 4, 2025
Source Crexi
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 RE/MAX Team 2000
HighLights
- High‑traffic location on a major road in a densely populated area
- Easy freeway access
- Newer, well‑maintained equipment
- Great income potential
- Strategically surrounded by national retailers ensuring consistent customer flow
- Recent renovations
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $19.20 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $35.5k | $18.24 |
| − OpEx | −$8.9k | −$4.56 |
| NOI | $26.6k | $13.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2328609
- Latitude
- 42.3716439
