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Property profile & analytics
OFF-MARKET
Auto shops
8540 Mcnichols Rd, Detroit, MI 48221-2570
Individually Owned
Free & Clear
Property ID
US43-0383179
Property summary
AI-generated overview
This 1,700 square foot mixed-use property, located at 8540 W McNichols Rd, Detroit, MI 48221, presents a unique investment opportunity. Priced at $119,000 ($70/sq ft), this single-story building sits on a 2,400 square foot lot and is zoned for commercial use. Currently operating as an automotive detail shop, the property features a customer waiting area, a private office, and exposed ceilings. Convenient 10-foot front and rear garage doors enhance functionality. Its strategic location at the intersection of Wyoming and W McNichols Road ensures high visibility and accessibility within the Bagley community. The property is offered as a turnkey operation, ideal for automotive-related businesses or adaptable to other ventures. All information should be independently verified. This represents a chance to acquire a well-situated commercial property in a growing area of Detroit. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1946
Total area
1,680 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B2
APN
16008193.
UPID
US43-0383179
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tyrone Garrett
Tyrone Garrett
since 2025
7 recorded transactions
Zoning & alternative use
B2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Assessed value
$34,100
Assessed 2024
Previous assessed
$31,700
+7.6% YoY
Total market value
$68,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,680 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B2
APN
16008193.
UPID
US43-0383179
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 · Detroit, MI
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Tyrone Garrett
Individual
Free & Clear · 0 yrs held
Mailing address
8540 W MCNICHOLS RD, DETROIT, MI 48221-2570
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Tyrone Garrett
D And D Premium Car Wash
Deed
—
Jun 6, 2023
—
D And D Premium Hand Car Wash LLC
—
Deed
related
$60,000 · Match Property LLC
May 13, 2022
—
D And D Premium Hand Car Wash LLC
James Hill
Quit Claim Deed
related
—
Sep 13, 2021
$15,000
James Hill
City Of Detroit
Quit Claim Deed
related
—
Oct 22, 2018
$5,848
City Of Detroit Planning & Dev
Sabree,eric R
Quit Claim Deed
related
—
Jun 21, 2016
—
James Hill
Brown,diedrick
Quit Claim Deed
related
—
Oct 22, 2014
—
Diedrick Brown
College Park Investments LLC
Quit Claim Deed
related
—
Mar 7, 2013
—
College Park Investments LLC
Busy Boy LLC
Quit Claim Deed
related
—
Apr 30, 2012
—
Busy Boy LLC
College Park Investments LLC
Quit Claim Deed
related
—
May 24, 2010
—
College Park Investments LLC
Boyd,toyia L
Quit Claim Deed
related
—
Nov 16, 2009
$10,000
Toyia L Boyd
Treasurer Of Wayne County
Quit Claim Deed
related
—
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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