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    7,000 SF Auto Repair Shop

    11820-11866 Gratiot Ave Detroit, MI 48213

    11820-11866 Gratiot Ave, Detroit, MI, 48213
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    7,000 SF auto repair shop for sale.

    Property Size7,000 SF
    Price / SF$85.71
    AddedApr 14, 2018
    Days on Market3016
    Last RefreshJul 16 at 5:37 am

    Property Features for 11820-11866 Gratiot Ave

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Property subtype
    Retail

    Listing office NAI Farbman Southfield

    Listing date Apr 14, 2018

    Source Crexi

    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 NAI Farbman Southfield

    Investment Insights

    Based on property information with market context.

    A 7,000 square foot auto repair shop is available for sale. The property is located at 11820-11866 Gratiot Ave, Detroit, MI 48213 and is suitable for auto shops, automotive properties, retail properties, and general commercial real estate purposes.

    Key Highlights

    • 7,000 SF auto repair shop

    Local Financial Insights For Industrial

    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 $51.2k $7.32
    − Vacancy −$2.6k −$0.37
    EGI $48.6k $6.95
    − OpEx −$14.6k −$2.08
    NOI $34.0k $4.86
    7,000 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,218 @ 7.0% cap · market cap 14.37%
    Second Best
    Industrial
    $486.4K
    $425.6K – $567.4K (±1% cap)
    NOI $34,046 @ 7.0% cap · market cap 5.67%
    Theoretical Best
    Office A
    $1.54M
    $1.35M – $1.80M (±1% cap)
    NOI $108,096 @ 7.0% cap · market cap 18.02%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Gym & Fitness Center Parking Lot & Garage HVAC Service Hair Salon Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Express Auto Repair — 11820 Gratiot Ave, Detroit, MI 48213
    • Airport Auto Center — 10000 French Rd, Detroit, MI 48213
    • Haywoods Towing — detroit, mi 48213
    • Frank's Exotic Auto Center — 10920 Conner St, Detroit, MI 48213
    • Detroit Truck and Trailer Repair — 12437 Harper Ave, Detroit, MI 48213

    FAQs

    What type of property is this?
    Auto shop - 7,000 SF auto repair shop for sale.
    Where is this auto shop located?
    The property is located at 11820-11866 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 7,000 SF auto repair shop
    Contact an agent
    (248) 351-4367 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Margolis
    Brad Margolis
    Real Estate License ID: MI 6501371948
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