Turn-Key Auto Repair
1018 W 9 Mile Road Ferndale, MI 48220
1018 W 9 Mile Road, Ferndale, MI, 48220
$899,000
For Sale
$899,000
Freestanding 2,300 sq ft auto repair facility with retail frontage and shop equipment, including two electric hoists.
Property Size2,500 SF
Price / SF$359.60
Days on Market15
Property Features for 1018 W 9 Mile Road
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
Remerica Integrity
(248) 912-9990
Listed by
Ha Nguyen
(248) 912-9990
Source
Sabudarealty
Added: Jul 8 Updated: Jul 22 at 7:26AM Checked: Jul 22 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remerica Integrity
Investment Insights
Based on property information with market context.
This turn-key auto repair business includes a freestanding building designed for service operations and customer access. The shop floor features two electric hoists, a compressor, a frame straight puller, two working benches, and an overhead heater. Additional space includes a dedicated customer waiting area and an office with an attached bathroom. The roof is approximately 8 years old, and the current owner can remain to assist with transition.
The property is situated in a busy downtown area with retail frontage on the main road. It is described as being located in a high-traffic corridor near Nine Mile and Woodward, supporting visibility and convenient customer accessibility.
With its established service layout and in-place equipment, the property is positioned for straightforward, repeatable operations under new ownership.
The property is situated in a busy downtown area with retail frontage on the main road. It is described as being located in a high-traffic corridor near Nine Mile and Woodward, supporting visibility and convenient customer accessibility.
With its established service layout and in-place equipment, the property is positioned for straightforward, repeatable operations under new ownership.
Key Highlights
- Freestanding 2,300 sq ft auto repair facility with retail main road frontage in Downtown Ferndale
- Shop equipment includes 2 electric hoists, one compressor, one frame straight puller, and 2 working benches
- Additional shop features: overhead heater and customer waiting area (7x8) plus office (12x10) with attached bathroom
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $16.80 |
| − Vacancy | −$3.6k | −$1.43 |
| EGI | $38.4k | $15.37 |
| − OpEx | −$11.5k | −$4.61 |
| NOI | $26.9k | $10.76 |
2,500 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 2.99%
Second Best
Industrial
$177.0K
$154.8K – $206.5K
NOI $12,387 @ 7.0% cap · market cap 1.38%
Theoretical Best
Specialty Retail
$539.2K
$471.8K – $629.1K
NOI $37,746 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Speedy Auto — 1030 w, eight mile rd, ferndale, mi 48220
- A/C Auto Radiator Corporation — 1336 Eight Mile Rd #2340, Ferndale, MI 48220
- Soave Auto Clinic — 1330 Eight Mile Rd, Ferndale, MI 48220
- Monro Auto Service And Tire Centers — 1030 M-102, Ferndale, MI 48220
- J H W Auto Clinic — 1336 Eight Mile Rd, Ferndale, MI 48220
FAQs
What type of property is this?
Auto shop - Freestanding 2,300 sq ft auto repair facility with retail frontage and shop equipment, including two electric hoists.
Where is this auto shop located?
The property is located at 1018 W 9 Mile Road Ferndale, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Freestanding 2,300 sq ft auto repair facility with retail main road frontage in Downtown Ferndale; Shop equipment includes 2 electric hoists, one compressor, one frame straight puller, and 2 working benches; Additional shop features: overhead heater and customer waiting area (7x8) plus office (12x10) with attached bathroom
