Property profile

16000 8th Mile Rd Detroit, MI 48205

OFF-MARKET
Automotive properties
Property ID
US43-0333921
2,000 SF 0.28 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1959
Total area 2,000 SF
Lot 0.28 ac (12,197 SF)
Zoning code B4
APN 21027977-82
UPID US43-0333921

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

Location

16000 8th Mile Rd Detroit, MI 48205-1416
Detroit metro Census 500100 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
$280k

Owner & transaction history

since 2022
Last sale
$300,000
7 recorded transactions
2022
$300,000
2018
$175,000
2017
$224,132
2017
Price N/A
2017
$15,749
2017
Price N/A
2009
$95,000

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

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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