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Property profile & analytics

8348 Joy Rd Detroit, MI 48204-3255

  • Retail space
  • 3,572 SF
  • 0.23 lot acres
OFF-MARKET
Last Sale
May 18, 2021
$110,000
Value Estimations
$125,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1551464
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Five stars services / Recycling Center

Property Details for 8348 Joy Rd

Year built
1928
Lot size
0.23 lot acres
Property size
3,572 SF
Zone code
B2
Property type
Retail space
APN
18005305.
APU
18005305

Description

This exceptional commercial property, located at 8348 Joy Road in Detroit, Michigan, presents a unique investment opportunity. The property encompasses 4,000 square feet and includes an additional parcel at 8324 Joy Road, both situated on the north side of Joy Road, east of Wyoming. The main building boasts numerous recent updates, including a 2018 roof and a half bath. Modern conveniences such as forced-air heating and city water are already in place. Ample parking is available for customers and employees. Security is enhanced by a side-entry retractable automatic garage door with a steel door. The entire property is fully enclosed by a fence with a wide entrance gate, providing a secure and private environment. The property's excellent location and clean condition offer endless possibilities for a variety of businesses. The asking price for this combined property is $179,900. Property ID W18I005306C11. This is a rare opportunity to acquire a well-maintained commercial property in a desirable Detroit location. The property is zoned for commercial use and is ready for immediate occupancy. Don't miss this chance to establish your business in a prime location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $130,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $106,000
    Market price range: $106k - $405k
    AI Estimate
    $110,000
    Market price range: $110k - $430k
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $215,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1516
Latitude
42.3594
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$1,930
$0.00
$0.00
$28,900
-
$0.00
$0.00
$57,800
More about this property
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