Automotive Shop with Parts
For Sale
Contact for pricing
12317 WOODBINE, Redford, MI 48239
Industrial-zoned automotive property combining collision repair, used vehicle sales, salvage licensing, and auto parts operations.
Property Size4,920 SF
Price / SF$162.60
Days on Market126
Property Features for 12317 WOODBINE
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Industrial, Special Purpose, Business for Sale
Zoning
Industrial
Additional Details
Business Included
Yes
Building Details
Year Built
1953
Buildings
1
Stories
1
Units
1
Listing Agency:
ReMax Leading Edge (office)
(313) 721-1217
Listed By:
Ali Abdallah · License #MI 6502342204
Source:
Crexi
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 6:00PM
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 ReMax Leading Edge (office)
Investment Insights
Based on property information with market context.
This 4,920-square-foot automotive property, constructed in 1953, combines several operating components within one location. The offering includes a fully equipped collision repair shop, a used auto parts sales business, and B & C used car dealer and salvage licenses. Inventory is included in the sale, supporting continuity across the existing automotive operations.
The property carries Industrial zoning and is configured for an automotive-focused use profile. Its combination of repair capability, licensing, parts sales, and included inventory provides a broad operating platform for an owner-operator or investor active in the automotive industry.
The property carries Industrial zoning and is configured for an automotive-focused use profile. Its combination of repair capability, licensing, parts sales, and included inventory provides a broad operating platform for an owner-operator or investor active in the automotive industry.
Key Highlights
- 4,920‑square‑foot automotive property
- Industrial zoning
- Fully equipped collision repair shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,211,980
$1.2M
Cap Rate 7%
$865,700
$865.7K
Cap Rate 9%
$673,322
$673.3K
Market Conditions
NOI Build-Up for 4,920 SF
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.
Gross rent
$91.5K $18.60/SF
− Vacancy
−$4.9K −$1.00/SF
EGI
$86.6K $17.60/SF
− OpEx
−$26.0K −$5.28/SF
NOI
$60.6K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,211,980
Cap Rate 7%
$865,700
Cap Rate 9%
$673,322
Alternative Uses
Best Use
Retail
$865.7K
$757.5K – $1.01M
NOI $60,599 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$341.8K
$299.1K – $398.8K
NOI $23,929 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.09M
$949.7K – $1.27M
NOI $75,976 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Exxon
Shops & Services
12,349 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
12,346 visits/mo
0.5 miles
Shell
Shops & Services
9,497 visits/mo
0.3 miles
Jet's Pizza
Dining
3,129 visits/mo
0.5 miles
Tubby's
Dining
1,718 visits/mo
0.4 miles
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Unlimited Auto Repair & Collision — 24645 Plymouth Rd, Redford Charter Twp, MI 48239
- Snethkamp Chrysler Dodge Jeep Ram — 11600 Telegraph Rd, Redford Charter Twp, MI 48239
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned automotive property combining collision repair, used vehicle sales, salvage licensing, and auto parts operations.
Where is this auto shop located?
The property is located at 12317 WOODBINE Redford, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,920‑square‑foot automotive property; Industrial zoning; Fully equipped collision repair shop
