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Property profile & analytics
FOR SALE
Retail space
8300 Woodward Ave, Detroit, MI 48202
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1473099
For Sale
1 / 2
$1,299,000
8300 Woodward Ave, Detroit, MI 48202
View Listing →
Property summary
AI-generated overview
This exceptional mixed-use building, located at 8300 Woodward Avenue in Detroit, Michigan, presents a compelling redevelopment opportunity. Built in 1921, this two-story structure sits on a 0.61-acre lot and boasts a total of 29,000 square feet. Currently zoned B4, the property offers significant potential for a variety of uses, including retail and office space, given its existing convenience store and storefront subtypes. The building's prime location on Woodward Avenue, a high-traffic thoroughfare with over 24,000 vehicles passing daily, ensures excellent visibility and accessibility. Its proximity to Wayne State University further enhances its appeal, placing it within a densely populated area with over 337,700 residents within a five-mile radius. This presents a unique chance to capitalize on a vibrant and growing community. The asking price for this remarkable property is $1,500,000. This is an investment opportunity not to be missed. The property consists of one building.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1921
Total area
29,264 SF
Lot
0.55 ac (23,958 SF)
Zoning code
B4
APN
01004321.
UPID
US43-1473099
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ignition Key Replacement Detroit Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.84M
Owner & transaction history
8300 Woodward Detroit LLC · 8 yrs held
8300 Woodward Detroit LLC
since 2017
5 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+32.1%
Restaurant
$2.7M
+32.1%
Neighborhood: shopping center
$2.2M
+9.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,020,000
Current use
COMMERCIAL (GENERAL)
$2,670,000
Change: +32% · Conversion: Easy
RESTAURANT
$2,670,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,215,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$1,845,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$1,805,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,775,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$22,766
Tax year 2020
Assessed value
$505,300
Assessed 2024
Previous assessed
$454,300
+11.2% YoY
Effective rate
4.51%
On assessed value
Total market value
$1,010,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1921
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
29,264 SF
Lot
0.55 ac (23,958 SF)
Zoning code
B4
APN
01004321.
UPID
US43-1473099
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
8300 Woodward Detroit LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1300 BROADWAY ST #600, DETROIT, MI 48226-2202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2017
—
8300 Woodward Detroit LLC
8300 Woodward LLC
Quit Claim Deed
—
Aug 11, 2017
—
8300 Woodward LLC
—
Deed
related
$300,000 · Daniel G Hale
Mar 1, 2017
$300,000
8300 Woodward LLC
Crowned Eagle Realty Mgmt Co L
Warranty Deed
$300,000 · Daniel G Hale
Feb 21, 2017
—
Crowned Eagle Realty Mgmt Co L
Satullo,sandy
Quit Claim Deed
related
—
—
—
8300 Woodward LLC
—
Deed Of Trust
related
$300,000 · Daniel G Hale
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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