Financial
Distress signals
Property profile

35141 Division Rd Richmond, MI 48062

FOR SALE
Other commercial real estate
Property ID
US43-2660741
2,944 SF 0.5 ac lot Built 1985
Last sale Dec 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A car wash facility located at 35141 Division Rd, Richmond, Michigan (48062). The site is configured with two Bay Razor XR-7 touchless automatic wash bays, three self-serve bays, and one self-serve outdoor wash pad. Vehicle payment and access systems include a NAYAX credit card system and a token-based operation model, and the property contains an on-site vending machine. The facility is situated in a car-dependent area as indicated by walk and bike ratings.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$191k
Effective rate5.46%

Value estimate

· Sep 2026
$365k
$329k – $402k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$7k
Operating expenses−$13k
NOI · 3.09% cap applied$39k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$56 – $169
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3.09%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-1
General categoryCOMMERCIAL
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.6
Restaurant23.4
Law Firm19.0

Location

35141 Division Rd Richmond, MI 48062
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
68771 Main, Richmond, MI 48062-1209 $149,000 Aug 2024 2,358 SF
68753 Main, Richmond, MI 48062-1209 $218,000 Aug 2024 2,020 SF
68085 Main, Richmond, MI 48062-1347 $487,500 Jul 2023 2,808 SF
69262 Main, Richmond, MI 48062-5576 $225,000 Sep 2022 4,175 SF
68265 Main, Richmond, MI 48062-1383 $170,000 Oct 2021 3,776 SF
69273 Main, Richmond, MI 48062-5579 $130,000 Jun 2021 3,036 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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