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Property profile & analytics

1801 Eureka Rd Wyandotte, MI 48192-6008

  • Auto shops
  • 9,987 SF
  • 0.27 lot acres
OFF-MARKET
Last Sale
Mar 04, 2021
$550,000
Value Estimations
$530,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1333179
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

  • Auto shops

Property Details for 1801 Eureka Rd

Lot size
0.27 lot acres
Property size
9,987 SF
Property type
Auto shops
APN
57 018 02 0580 000
APU
57018020580000

Description

This exceptional investment opportunity presents a 11,408 square foot auto shop located at 1801 Eureka Rd, Wyandotte, MI 48192, situated on a 0.51-acre lot. The property is currently under a 15-year absolute NNN lease with Caliber Collision (formerly Gerber Collision), a financially strong corporate tenant, providing significant security and stability. The lease features built-in rent bumps of 8% every 5 years, ensuring consistent income growth. The asking price is $669,000, yielding a compelling 6.50% cap rate with a current Net Operating Income (NOI) of $43,485. This sale-leaseback transaction offers a secure, passive income stream with minimal landlord responsibilities. The property is ideally suited for 1031 exchange investors seeking a strong, long-term investment. The single-tenant occupancy minimizes management complexities, and the corporate guarantee mitigates risk. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. The property is classified as retail, with subtypes including auto shop and storefront.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $490,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $526,000
    Market price range: $352k - $1.17M
    AI Estimate
    $526,000
    Market price range: $352k - $1.17M
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $715,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $795,000
    Change: +11% Conversion: Difficult
    RETAIL STORES
    $745,000
    Change: +4% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Wyandotte
County
Wayne
State
Michigan
Longitude
-83.1741
Latitude
42.1993
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
$12,062
$0.00
$0.00
$206,600
-
$0.00
$0.00
$413,200
More about this property
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