Property profile

14150 8th Mile Rd Detroit, MI 48205

OFF-MARKET
Automotive properties
Property ID
US43-0003631
1,176 SF 0.25 ac lot Built 1962
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1962
Total area 1,176 SF
Lot 0.25 ac (10,890 SF)
Zoning code B4
APN 21028173-9
UPID US43-0003631

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Location

14150 8th Mile Rd Detroit, MI 48205-1233
Detroit metro Census 503100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
Last sale
$250,000
7 recorded transactions
2023
Price N/A
2022
$250,000
2018
$190,000
2017
Price N/A
2017
$220,000
2013
$170,000
2011
$115,000

Zoning & alternative use

B4 · Detroit, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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