Car Wash with
For Sale
Contact for pricing
35130 23 Mile Road, New Baltimore, MI 48047
The facility includes a working wash tunnel and equipment as part of the offering.
Property Size2,852 SF
Price / SF$1.05
Days on Market19
Property Features for 35130 23 Mile Road
General Information
Standard status
Active
Size
2,852 SF
Property subtype
Commercial
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Amenities
corner lot
pylon signage
Building Details
Year Built
2000
Listing Agency:
Woodgate Realty
(248) 502-0915
Listed By:
Nahar Ali · License #6501378109
(248) 416-7498
Source:
Goodhomemi
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 2:41PM
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 Woodgate Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2000, this 2,852-square-foot car wash contains a functional wash tunnel and includes its equipment. The site has approval for drive-through use, and pylon signage is available on the corner parcel.
The property is at 35130 23 Mile Road in New Baltimore, with reported daily traffic exceeding 20,000 vehicles. Circle K is adjacent, while Bayside Plaza is nearby.
The property is at 35130 23 Mile Road in New Baltimore, with reported daily traffic exceeding 20,000 vehicles. Circle K is adjacent, while Bayside Plaza is nearby.
Key Highlights
- 2,852‑square‑foot car wash with functional tunnel
- Wash equipment included in the offering
- Approved for drive‑through use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
$307.6K
Cap Rate 7%
$219,686
$219.7K
Cap Rate 9%
$170,867
$170.9K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$23.3K $8.16/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$22.0K $7.70/SF
− OpEx
−$6.6K −$2.31/SF
NOI
$15.4K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
Cap Rate 7%
$219,686
Cap Rate 9%
$170,867
Alternative Uses
Best Use
Specialty Retail
$533.9K
$467.2K – $622.9K
NOI $37,376 @ 7.0% cap · market cap 1,245.87%
Second Best
Retail
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 702.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
133k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 35%
Dining 21%
Electronics 6%
Kroger
Groceries
46,691 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,079 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
13,327 visits/mo
0.1 miles
Taco Bell
Dining
11,457 visits/mo
0.3 miles
Marathon
Shops & Services
6,187 visits/mo
0.1 miles
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
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
Frequently Asked Questions
What type of property is this?
Car wash - The facility includes a working wash tunnel and equipment as part of the offering.
Where is this car wash located?
The property is located at 35130 23 Mile Road New Baltimore, MI.
What are key features of this property?
This property features: 2,852‑square‑foot car wash with functional tunnel; Wash equipment included in the offering; Approved for drive‑through use
