Property profile

520 Woodward Ave Rochester, MI 48307

OFF-MARKET
Auto shops
Property ID
US43-1487109
16,800 SF 1.43 ac lot Built 2016
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2016
Total area 16,800 SF
Lot 1.43 ac (62,291 SF)
Zoning code II
APN 68-15-10-256-003
UPID US43-1487109

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

520 Woodward Ave Rochester, MI 48307-1168
Rochester metro Census 191100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.35M
Blend (final) Blend
$2.96M

Owner & transaction history

since 2016
4 recorded transactions
2016
$1.6M
2000
$683,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

II · Rochester, MI
Top alternative use upside
Restaurant $2.9M +41.2%
Retail stores $2.8M +37.7%
Medical building $2.7M +28.8%

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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