Property profile

31065 Groesbeck Hwy Fraser, MI 48026

OFF-MARKET
Auto shops
Property ID
US43-1068548
20,130 SF 3.01 ac lot Built 1972
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1972
Total area 20,130 SF
Lot 3.01 ac (131,116 SF)
Zoning code CG
APN 03-14-05-353-008
UPID US43-1068548

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

31065 Groesbeck Hwy Fraser, MI 48026-2516
Fraser metro Census 254200 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
$1.87M
Blend (final) Blend
$1.51M

Owner & transaction history

since 2020
2 recorded transactions
2020
$1.5M
2010
Price N/A

Zoning & alternative use

CG · Fraser, MI
Zoning description

Sec. 32-135. - General business district, CG. The CG general business district is designed to provide for a wide diversity of business activities which are predominantly, but not necessarily, totally retail in character.…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.9M +64.8%
Medical building $2.5M +42.8%
Retail stores $2.1M +21.3%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 31065 Groesbeck Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message