Car Wash
For Sale
$375,000
30544 Grand River Ave, Farmington Hills, MI 48336
Established automotive service property with documented walkability and bikeability scores.
Property Size5,667 SF
Days on Market48
Property Features for 30544 Grand River Ave
General Information
Standard status
Active
Size
5,667 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,350
Building Details
Building Size
5,667 SF
Year Built
1980
Listing Agency:
Real Estate One
Listed By:
Richard D Clark · License #6501366392
(517) 404-8867
Source:
Elliman
Added: Aug 21
Changed: Sep 23
Last Checked: Oct 5 at 6:56PM
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 Real Estate One
Investment Insights
Based on property information with market context.
This car wash property was built in 1980 and is located at 30544 Grand River Ave in Farmington Hills, Michigan. The site carries a walk score of 59, classified as Somewhat Walkable, and a bike score of 44, classified as Somewhat Bikeable.
Key Highlights
- Car wash property at 30544 Grand River Ave, Farmington Hills, MI 48336
- Constructed in 1980
- Walk score of 59; Somewhat Walkable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,078
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,560
$561.6K
Cap Rate 7%
$401,114
$401.1K
Cap Rate 9%
$311,978
$312.0K
Market Conditions
NOI Build-Up for 5,667 SF
Gross rent
$41.7K $7.35/SF
− Vacancy
−$1.5K −$0.27/SF
EGI
$40.1K $7.08/SF
− OpEx
−$12.0K −$2.12/SF
NOI
$28.1K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,560
Cap Rate 7%
$401,114
Cap Rate 9%
$311,978
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,563 @ 7.0% cap · market cap 22.82%
Second Best
Retail
$871.1K
$762.2K – $1.02M
NOI $60,979 @ 7.0% cap · market cap 16.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 48336, MI
26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Established automotive service property with documented walkability and bikeability scores.
Where is this car wash located?
The property is located at 30544 Grand River Ave Farmington Hills, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Car wash property at 30544 Grand River Ave, Farmington Hills, MI 48336; Constructed in 1980; Walk score of 59; Somewhat Walkable
