Auto Shop with Service
For Sale
$124,900
128 Baldwin Ave, Pontiac, MI 48342
Well-equipped auto repair shop with two service bays.
Property Size1,176 SF
Days on Market96
Property Features for 128 Baldwin Ave
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,223
Building Details
Building Size
1,176 SF
Year Built
1946
Listing Agency:
Edge Realty, LLC
(248) 945-1200
Listed By:
Salvatore C Delisi · License #6501332361
(248) 945-1200
Source:
Elliman
Added: May 9
Changed: Aug 7
Last Checked: Aug 12 at 7:13AM
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 Edge Realty, LLC
Investment Insights
Based on property information with market context.
This auto repair shop space is situated on a busy, high-visibility road. It is suitable for an owner-operator or a small service business. The shop features two service bays within a 26’ x 28’ workspace, designed for automotive or light mechanical work. A dedicated front office measuring 11’ x 16’ is also included. The property has a basement for storage or utility use. It is equipped with a 9,000 lb hoist, an 80-gallon air compressor, air lines throughout, floor drains, and updated electrical service. Additional features include security cameras and a shower. Potential business uses include auto repair, tire shop, detail/wrap shop, small engine repair, or a contractor garage. The location has a walk score of 66, indicating it is somewhat walkable, and a bike score of 42, indicating it is somewhat bikeable.
Key Highlights
- High‑traffic location ideal for attracting customers.
- Move‑in ready auto repair/shop space with two service bays (26’ x 28’).
- Includes essential equipment:** 9,000 lb vehicle hoist and 80‑gallon air compressor.
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
$5,827
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
4.67%
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%
$116,540
$116.5K
Cap Rate 7%
$83,243
$83.2K
Cap Rate 9%
$64,744
$64.7K
Market Conditions
NOI Build-Up for 1,176 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
$8.6K $7.35/SF
− Vacancy
−$320 −$0.27/SF
EGI
$8.3K $7.08/SF
− OpEx
−$2.5K −$2.12/SF
NOI
$5.8K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$116,540
Cap Rate 7%
$83,243
Cap Rate 9%
$64,744
Alternative Uses
Best Use
Retail
$180.8K
$158.2K – $210.9K
NOI $12,654 @ 7.0% cap · market cap 10.13%
Second Best
Industrial
$83.2K
$72.8K – $97.1K
NOI $5,827 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$253.7K
$222.0K – $295.9K
NOI $17,756 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Pontiac Truck & Trailer Repair — 1330 Wide Trak Dr W, Pontiac, MI 48342
- My Dream Tire and Auto Repair — 304 N Johnson St, Pontiac, MI 48341
- Automation Alloy — 50444 Woodward Ave, Pontiac, MI 48342
- Goodyear Auto Service — 50300 Woodward Ave, Pontiac, MI 48342
- Stitch Kustoms — 304 n johnson, pontiac, mi 48341
Frequently Asked Questions
What type of property is this?
Auto shop - Well-equipped auto repair shop with two service bays.
Where is this auto shop located?
The property is located at 128 Baldwin Ave Pontiac, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: High‑traffic location ideal for attracting customers.; Move‑in ready auto repair/shop space with **two service bays (26’ x 28’)**.; Includes essential equipment:** 9,000 lb vehicle hoist and 80‑gallon air compressor.
