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    13938 Middle Gibraltar Rd Gibraltar, MI 48173

    • Turn key restaurants
    • 1,950 SF
    • 0.40 lot acres
    For Sale
    View listing
    $249,900
    Value Estimation
    Last Sale
    May 27, 2025
    $185,000
    Location Intelligence
    Property ID
    US43-0091923
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 13938 Middle Gibraltar Rd

    Lot size
    0.40 lot acres
    Property size
    1,950 SF
    Zone code
    RESIDE
    Property type
    Turn key restaurants
    APN
    36 011 03 0079 001
    APU
    36011030079001

    Description

    This exceptional 1,950 square foot industrial building is situated on a 0.4-acre lot in the desirable Gibraltar, MI location at 13938 Middle Gibraltar. Completely renovated four years ago, this property boasts a stunning transformation. The entire building underwent a comprehensive gut renovation, resulting in a modern and efficient workspace. Improvements include a brand new HVAC system ensuring optimal climate control year-round. The interior features luxurious vinyl flooring throughout, adding both durability and aesthetic appeal. The updated bathrooms and granite countertops contribute to a high-end finish. A full basement provides significant additional storage or workspace potential. The exterior has also been enhanced with a newly paved parking area, providing ample parking for employees and clients. This turnkey property is ready for immediate occupancy and presents a fantastic opportunity for a business seeking a well-maintained and updated space. The building's modern amenities and prime location make it an ideal choice for a variety of industrial or office uses. The property is offered at $249,900. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $135,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $120,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $115,000
      Retail
      $115,000
      Mixed-Use
      $140,000
      Hospitality
      $145,000
      Educational
      $125,000
      Residential Income
      $135,000
      Energy
      $115,000
      Income-Based Land
      $150,000
      Food Service
      $145,000

    Location Insight

    • Map
    • Local Demand
    City
    Gibraltar
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1935
    Latitude
    42.0948
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,192
    $0.00
    $0.00
    $127,500
    -
    $0.00
    $0.00
    $255,000

    Comparable in this City

    • Value Estimation
      $435,000
      2,848 SF

      22825 Huron Riv Dr

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    • Value Estimation by Request
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      33019 Jefferson Ave

      RESTAURANT • 1,694 SF
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    • Value Estimation by Request
      1,800 SF

      29110 Gibraltar Rd

      RESTAURANT • 1,800 SF
      29110 Gibraltar Rd, Gibraltar, MI 48173-9764
      View Details
    • Value Estimation
      $200,000
      2,550 SF

      29010 Gibraltar Rd

      RESTAURANT • 2,550 SF
      29010 Gibraltar Rd, Gibraltar, MI 48173-9730
      View Details
    • Value Estimation by Request
      4,046 SF

      28635 Jefferson Ave

      BAR, TAVERN • 4,046 SF
      28635 Jefferson Ave, Gibraltar, MI 48173-3300
      View Details
    • Value Estimation by Request
      930 SF

      31930 Jefferson Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 930 SF
      31930 Jefferson Ave, Brownstown, MI 48173-9644
      View Details

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    Similar Nearby for Lease

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      Office Space Available For Rent

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    Gibraltar, MI 48173
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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