Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple interest in a 3,361 square foot, single-unit car wash located at 32685 23 Mile Rd, New Baltimore, MI 48047. Built in 1995 and renovated in 2022, the property sits on a one-acre lot and boasts a 100% occupancy rate with a strong corporate guarantor, WhiteWater Express, backed by Freeman Spogli & Co. The property benefits from a 20-year Absolute NNN lease, commencing December 31, 2021, and expiring December 31, 2041, with four,… five-year renewal options. The lease includes annual rent bumps of 1%, providing inflation protection. The current asking price is $4,250,417, representing a price per square foot of $1,264.63 and a 6.00% cap rate. The Net Operating Income (NOI) is $255,025. The property enjoys a high-traffic location on 23 Mile Road, a major thoroughfare with over 26,000 vehicles per day, offering excellent visibility and access to Interstate 94. The Absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. The fee-simple ownership also allows for potential bonus depreciation benefits (consult your tax advisor). This is a turnkey investment with significant long-term potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,320 SF
- Lot area
- 1.1 ac
- Year built
- 1995
- Stories
- 1
- APN
- 15-09-15-400-045
- Zoning
- C1 LOC
- Assessed value · 2023
- $297,300
- Annual tax · 2022
- $15,445
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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