Automotive Property with Three
12520 Morang, Detroit, MI 82001
For Sale
$550,000
A fenced commercial parcel combines office space with an automotive dealership layout.
Property Size2,176 SF
Lot Size0.54 Acres
Price / SF$252.76
Days on Market794
Property Features for 12520 Morang
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Fenced Yard
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Amenities
Fence Owned
Building Details
Year Built
Buildings
Listing Agency:
National Realty Centers Inc.
(248) 468-1444
Listed By:
Arkan Aboona · License MI #6506049110
(586) 438-4342
Source:
Jabachler
Added: Sep 10, 2024
Changed: Nov 11
Last Checked: Nov 12 at 8:11PM
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 National Realty Centers Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,176-square-foot automotive property includes office space and three garage bays. The building dates to 1971 and sits on approximately 0.54 acre of fenced land. Its current use is an automotive dealership, and the property is zoned Commercial. Any future use remains subject to applicable zoning, licensing, and governmental requirements.
Key Highlights
- 2,176 SF building with office space and three garage bays
- Approximately 0.54 acre of fenced land
- Currently used as an automotive dealership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,802
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,040
$536.0K
Cap Rate 7%
$382,886
$382.9K
Cap Rate 9%
$297,800
$297.8K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$40.5K $18.60/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$38.3K $17.60/SF
− OpEx
−$11.5K −$5.28/SF
NOI
$26.8K $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 Rate 5%
$536,040
Cap Rate 7%
$382,886
Cap Rate 9%
$297,800
Alternative Uses
Best Use
Retail
$382.9K
$335.0K – $446.7K
NOI $26,802 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$151.2K
$132.3K – $176.4K
NOI $10,583 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
4,556
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 29%
Shops & Services 27%
Apparel 9%
Whole Foods Market
Groceries
42,654 visits/mo
0.2 miles
McDonald's
Dining
31,104 visits/mo
0.3 miles
Shell
Shops & Services
13,363 visits/mo
0.4 miles
Shinola
Apparel
9,011 visits/mo
0.3 miles
Condado Tacos
Dining
7,597 visits/mo
0.3 miles
Market
Average Price Trend$/SF for Automotive properties in Detroit, MI
Properties on Market for Automotive properties in Detroit
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Automotive property - A fenced commercial parcel combines office space with an automotive dealership layout.
Where is this automotive property located?
The property is located at 12520 Morang Detroit, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,176 SF building with office space and three garage bays; Approximately 0.54 acre of fenced land; Currently used as an automotive dealership
