Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

1 Woodward Ave Detroit, MI 48226

FOR LEASE
Auto shops
Property ID
US43-1346872
444,484 SF 0.57 ac lot Built 1962
Last sale Jul 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
1 Woodward Ave, Detroit, MI 48226 For Lease
$21 SF/Yr 3,787 SF available
1 Woodward Ave, Detroit, MI 48226
View Listing

Property summary

AI-generated overview

Located at 1 Woodward Ave, Detroit, MI 48226, this traditional office building offers a unique opportunity for businesses seeking flexible space in the heart of the city. The property, known as One Woodward, boasts a total of 370,364 square feet, with a minimum divisible space of 2,380 square feet and a maximum contiguous space of 26,160 square feet. Currently, 54,532 square feet is available for lease. Built in 1962 and extensively renovated in 2011, the building is zoned PCA and sits on a…

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.

Debts

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 · 2020

What does the county charge?
$528k
Tax billed · 2020
Assessed value · 2024$20.88M
Effective rate2.53%

Value estimate

· Oct 2026
$46.56M
$41.90M – $51.21M
Submarket $/SF estimate$46.12M
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$15k
Operating expenses−$13k
NOI · 182,695.24% cap applied$38k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
Submarket average, outlier-cleaned · 279 recorded sales of this use type
Observed band · Q1–Q3$29 – $104

Cap rate analysis

How does the asset earn?
182,695.24%
$38k 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?
PCA
The public center adjacent district (restricted central business district) includes property in close proximity to the public center dist...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.7
Kitchen & Bath13.7
Electrical Service13.7

Location

1 Woodward Ave Detroit, MI 48226
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file 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

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
811 Abbott, Detroit, MI 48226-2515 $6,325,000 May 2023 671,481 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again