High-Visibility Auto Dealership on
For Sale
Contact for pricing
16912 - 16926 Joy Road, Detroit, MI 48228
Licensed auto dealership with high traffic and repair facility.
Property Size1,200 SF
Price / SF$145.83
Days on Market714
Property Features for 16912 - 16926 Joy Road
General Information
Standard status
Active
Size
1,200 SF
Class
A
Property subtype
Business for Sale, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1952
Buildings
2
Stories
1
Units
1
Listing Agency:
Exp Realty, LLC
Listed By:
Fadi Dabaja · License #6506045188
(313) 600-6189
Source:
Crexi
Added: Oct 23, 2024
Changed: Sep 13
Last Checked: Oct 5 at 4:28PM
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 Exp Realty, LLC
Investment Insights
Based on property information with market context.
This is a licensed auto dealership situated on Joy Road in Detroit. The property features a corner lot with space for over 25 vehicles, a sales office, and a small repair facility. The sale includes 16 license plates, current customers, and an auto financing agreement. The property is located on a high-traffic road.
Key Highlights
- High‑visibility location on bustling Joy Road in Detroit with amazing traffic.
- Licensed auto dealership with a huge corner lot and space for over 25 vehicles.
- Includes 16 license plates, current customers, and auto financing agreement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,780
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,600
$295.6K
Cap Rate 7%
$211,143
$211.1K
Cap Rate 9%
$164,222
$164.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$22.3K $18.60/SF
− Vacancy
−$1.2K −$1.00/SF
EGI
$21.1K $17.60/SF
− OpEx
−$6.3K −$5.28/SF
NOI
$14.8K $12.32/SF
Area
ZIP 48228
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 Rate 5%
$295,600
Cap Rate 7%
$211,143
Cap Rate 9%
$164,222
Alternative Uses
Best Use
Retail
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 8.45%
Second Best
Industrial
$100.6K
$88.0K – $117.4K
NOI $7,042 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$246.5K
$215.7K – $287.6K
NOI $17,253 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
BP
Shops & Services
11,589 visits/mo
0.2 miles
KFC
Dining
6,653 visits/mo
0.3 miles
Dollar General
Shops & Services
6,496 visits/mo
0.3 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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- LJ Auto Collision — 19101 Joy Rd, Detroit, MI 48228
Frequently Asked Questions
What type of property is this?
Auto shop - Licensed auto dealership with high traffic and repair facility.
Where is this auto shop located?
The property is located at 16912 - 16926 Joy Road Detroit, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: High‑visibility location on bustling Joy Road in Detroit with amazing traffic.; Licensed auto dealership with a huge corner lot and space for over 25 vehicles.; Includes 16 license plates, current customers, and auto financing agreement.
