Operational Car
For Sale
Contact for pricing
16900-16912 Joy Road, Detroit, MI 48228
Established automotive property with B4 zoning and an operating dealership use.
Property Size1,738 SF
Price / SF$0.02
Days on Market327
Property Features for 16900-16912 Joy Road
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Retail
Zoning
B4
Additional Details
Business Included
Yes
Building Details
Building Size
1,738 SF
Year Built
1947
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Nov 26, 2025
Changed: Oct 14
Last Checked: Oct 19 at 3:32AM
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 Signature Associates - Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property is currently operating as a car dealership and carries B4 zoning. The property was built in 1947 and has a listed property size of 1738.
The asset is located at 16900-16912 Joy Road in Detroit, Michigan 48228.
The asset is located at 16900-16912 Joy Road in Detroit, Michigan 48228.
Key Highlights
- Operational car dealership
- B4 zoning
- Listed property size: 1738
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,199
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,980
$204.0K
Cap Rate 7%
$145,700
$145.7K
Cap Rate 9%
$113,322
$113.3K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$15.2K $8.76/SF
− Vacancy
−$655 −$0.38/SF
EGI
$14.6K $8.38/SF
− OpEx
−$4.4K −$2.51/SF
NOI
$10.2K $5.87/SF
Area
ZIP 48228
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,980
Cap Rate 7%
$145,700
Cap Rate 9%
$113,322
Alternative Uses
Best Use
Retail
$305.8K
$267.6K – $356.8K
NOI $21,407 @ 7.0% cap · market cap 62,013.33%
Second Best
Industrial
$145.7K
$127.5K – $170.0K
NOI $10,199 @ 7.0% cap · market cap 29,545.19%
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,988 @ 7.0% cap · market cap 72,387.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
BP
Shops & Services
11,589 visits/mo
0.2 miles
KFC
Dining
6,653 visits/mo
0.3 miles
Dollar General
Shops & Services
6,496 visits/mo
0.3 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 15800 tireman ave, detroit, mi 48228
- Propane Refill at U-Haul — 19001 Joy Rd, Detroit, MI 48228
- U-Box at U-Haul — 19001 Joy Rd, Detroit, MI 48228
- U-Haul Moving & Storage at Southfield Frwy & Joy Rd — 19001 Joy Rd, Detroit, MI 48228
- Trailer Rental at U-Haul — 19001 Joy Rd, Detroit, MI 48228
Frequently Asked Questions
What type of property is this?
Automotive property - Established automotive property with B4 zoning and an operating dealership use.
Where is this automotive property located?
The property is located at 16900-16912 Joy Road Detroit, MI.
What are key features of this property?
This property features: Operational car dealership; B4 zoning; Listed property size: 1738
