Property profile

3507 Highland Rd Milford, MI 48380

OFF-MARKET
Commercial land
Property ID
US43-0088747
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, newly constructed (2022) car wash situated at 3507 Highland Road in Highland Charter Township, Michigan, 48380. The property, identified by APN 11-30-200-040, boasts a prime location with unparalleled visibility and accessibility directly off Highland Road, a thoroughfare experiencing over 28,000 vehicles daily. The single-building car wash facility is zoned C-2 and features a fully automated system with two bays, offering both touchless and soft cloth options for customers. Six vacuum stations are available for post-wash cleaning. This location benefits significantly from its proximity to the General Motors Milford Proving Grounds, a substantial employer with 4,200 employees, spanning 4,000 acres and encompassing 150 buildings and 150 miles of roadways. This ensures a consistent and substantial customer base. The property includes adjacent land, offering potential for future expansion or development. The car wash's modern design and convenient features, combined with its strategic location near a major employer, make this a highly attractive investment prospect with strong potential for continued growth and profitability. This is a turnkey operation ready for immediate income generation. The property is in Oakland County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN H -11-30-200-042
UPID US43-0088747

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 Wash

Location

3507 Highland Rd Milford, MI 48380-1114
Milford metro Census 131300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

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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