Property profile

2929 Gratiot Blvd Marysville, MI 48040

OFF-MARKET
Auto shops
Property ID
US43-4574075
7,838 SF 1.44 ac lot Built 1968
Entity Owned 14-yr Hold
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1968
Total area 7,838 SF
Lot 1.44 ac (62,726 SF)
Zoning code C-3
APN 74-03-767-0119-001
UPID US43-4574075

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
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Food Bank Charitable Organization
  • (Bike/Boat/Book/etc) Store Printing Service

Location

2929 Gratiot Blvd Marysville, MI 48040-1487
Marysville metro Census 637200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$740k
Blend (final) Blend
$390k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Marysville, MI
Zoning description

The C-3 Thoroughfare Business Districts are designed to provide areas for business types that are generally located so as to serve passerby traffic. In addition, other businesses of a non retail nature that do not depend…

General category COMMERCIAL
Top alternative use upside
Medical building $960,000 +88.7%
Commercial (general) $710,000 +40.0%
Office building $635,000 +25.3%

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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