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Property profile & analytics
FOR SALE
Manufacturing properties
20530 Hoover St, Detroit, MI 48205
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0371902
For Sale
1 / 76
$3,150,000
20530 Hoover St, Detroit, MI 48205
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Property summary
AI-generated overview
This exceptional 40,300-square-foot industrial warehouse, situated on a 1.5-acre lot in Detroit, MI, presents a prime opportunity for businesses seeking a strategic location. The property boasts a prime location near the intersection of 8 Mile and Groesbeck Highway. Completely renovated in 2024, this single-tenant Class C building features a new roof (2023) with a 20-year warranty, upgraded electrical systems (3,000 AMPS, 480 Volts, 3-phase, 2,100 KVA), a new fire suppression system, and updated plumbing. The warehouse offers 16'-22' ceiling heights, four loading docks, and four drive-ins, providing ample space and efficient loading capabilities. A brand-new office space is included, complete with epoxy floors, a kitchenette, bathrooms, and direct access to the warehouse. The building's 269-foot frontage provides excellent visibility. Built in 1955, this property is zoned for industrial use and is available for sale, lease, or sale on a land contract. This is a turnkey solution for industrial and manufacturing businesses seeking a modern, well-equipped facility in a highly accessible location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Total area
34,553 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M3
APN
21036380.
UPID
US43-0371902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$630k
Owner & transaction history
20530 Hoover LLC · 5 yrs held
20530 Hoover LLC
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
M3 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $550k (Feb 17 2021)
Last sale anchor
$550k
Feb 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$18 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,033
Tax year 2023
Assessed value
$258,100
Assessed 2024
Previous assessed
$258,100
+0.0% YoY
Effective rate
8.92%
On assessed value
Total market value
$516,200
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1955
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
34,553 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M3
APN
21036380.
UPID
US43-0371902
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M3 · Detroit, MI
Zoning M3 · permitted uses
M3 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
20530 Hoover LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4905 SEASONS, TROY, MI 48098-6625
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
$550,000
20530 Hoover LLC
Hoover Manufacturing Holdings LLC
Warranty Deed
—
Dec 6, 2017
$150,000
Hoover Mfg Holdings LLC
Michigan Recon INC
Grant Deed
related
—
Nov 17, 2017
$150,000
Hoover Mfg Holdings LLC
Michigan Recon INC
Warranty Deed
$65,000 · Chaya LLC
Jul 1, 2016
—
Hoover Mfg Holdings LLC
Michigan Recon INC
Quit Claim Deed
—
Jun 11, 2015
$5,000
Michigan Recon INC
Inkster Inv LLC
Quit Claim Deed
related
—
Nov 17, 2014
$2,300
Inkster Inv LLC
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 8, 2014
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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